About Carbon
Carbon is a Financial Services company based in Lagos (Nigeria) founded in 2012 by Ngozi Dozie and Chijioke Dozie. Digital banking services for individuals and businesses are offered. It operates on a FinTech and Subscription Services model. Carbon has raised $10 million across 2 funding rounds from investors including Lendable and Net1. Carbon has completed 2 acquisitions, including Amplify Pay and Vella Finance. Its website getcarbon.co draws about 63 thousand monthly visits. Carbon offers products and services including Instant Loans, Carbon Zero, Savings, and Debit Card (Pink Passport). Its focus areas include Banking and Digital Banking. Its legal entity is Carbon Microfinance Bank (RC 1642222). Its competitors include Kuda, FairMoney and Sparkle; 3 of its 3 listed competitors have raised funding.
Company details
Carbon is operated as a digital banking platform in Nigeria, licensed by the Central Bank of Nigeria. Financial access is provided through instant loans, savings plans with high-yield interest, buy-now-pay-later options, and debit card services. Solutions are offered in the financial sector, focusing on personal financial management, credit access, and simplified payment systems. Tools for credit history tracking and group savings are also included in the services provided.
- Total Equity Funding$10M (USD)
in 2 rounds
- Latest Funding Round$10M (USD), Series A
Jun 2020
- InvestorsLendable
& 1 more
- Investments & AcquisitionsAmplify Pay
& 1 more
Products & Services of Carbon
Carbon offers a comprehensive portfolio of products and services, including Instant Loans, Carbon Zero, Savings, and Debit Card (Pink Passport).
Instant loans are provided for immediate financial needs.
Buy now, pay later option is offered by Carbon.
Savings plans with interest are facilitated for users.
Debit card payments are enabled online and offline.
Apps and channels of Carbon
Carbon publishes 2 mobile apps with over 5M+ downloads; its YouTube channel getcarbon has 6.99K subscribers and 30 videos.
Videos from Carbon
The most watched videos on Carbon's YouTube channel, getcarbon (6.99K subscribers). Click a video to play it here.
More on getcarbon.
Funding Insights of Carbon
Carbon has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10M
- Total Rounds 2
- Last Round Series A — $10M
- First Round $5M
(Mar 2019)
- Investors Count 2
All 2 funding rounds of Carbon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
2 investors in total: 2 institutional.
Investors in Carbon
Carbon has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Lendable and Net1.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Payment processing solutions are offered for businesses in developing economies. | 1989 | net1.com | Johannesburg, South Africa | |
Working capital loans are provided to businesses by Lendable. | 2015 | lendable.io | New York, United States |
Investor details for Carbon
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Carbon
2 people are tracked at Carbon (2 in leadership).
| Name | Role | Group |
|---|---|---|
Ngozi Dozie | Co-Founder | Leadership |
Chijioke Dozie | Co-Founder | Leadership |
Complete people profiles for Carbon
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by Carbon
Carbon has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Amplify Pay and Vella Finance.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cross-border payments and invoicing services are offered to businesses. | vella.finance | Wilmington, United States | 2021 | Feb 2024 | •••• | |
Recurring subscription payments are processed via a compliant API gateway. | amplifypay.com | Lagos, Nigeria | 2016 | Mar 2019 | •••• |
Complete acquisition details for Carbon
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of Carbon
5 dated milestones of Carbon across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Carbon is founded.
- Acquisition Acquires Amplify Pay.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Series A, of $10.0M.
- Acquisition Acquires Vella Finance.
Competitors of Carbon
Carbon has 3 listed competitors in our database, 3 of them funded. They include Kuda, FairMoney and Sparkle.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kuda.com | 2017 | Lagos, Nigeria | $91.6M | Kuda is recognized as a digital banking app for Africans. | ||
| fairmoney.io | 2017 | Ikeja, Nigeria | $54.47M | Digital microfinance banking services are offered to individuals. | ||
| sparkle.ng | 2019 | Lagos, Nigeria | $3.1M | Digital banking services are offered to consumers and businesses. |
Detailed competitors of Carbon
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Carbon
The website of Carbon (getcarbon.co) receives about 63.5K visits a month.
- Monthly visits63.5K
▼ 7.8% vs previous month
Websites whose visitors overlap most with Carbon. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details | |
| ufitpay.com | 46% | 5K | #3,562,877 | View details |
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Related news about Carbon
Complete news archive for Carbon
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Frequently Asked Questions about Carbon
Carbon was founded in 2012 and raised its 1st funding round 7 years after it was founded.
Carbon is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Carbon is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $5M, raised on Mar 2019.
Carbon is operated as a digital banking platform in Nigeria, licensed by the Central Bank of Nigeria. Financial access is provided through instant loans, savings plans with high-yield interest, buy-now-pay-later options, and debit card services. Solutions are offered in the financial sector, focusing on personal financial management, credit access, and simplified payment systems. Tools for credit history tracking and group savings are also included in the services provided.
Carbon offers Instant Loans, Carbon Zero, Savings, and Debit Card (Pink Passport).
Carbon has made 2 acquisitions, including Amplify Pay, and Vella Finance.
Carbon operates through Carbon Microfinance Bank (Rc 1642222).
Yes. Carbon publishes Carbon: Mobile Banking & Loans and 1 more app, with over 5 million downloads.