About Carbon
Carbon is a company based in Lagos (Nigeria) founded in 2012 by Ngozi Dozie and Chijioke Dozie. It operates as a FinTech, and Subscription Services. 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. Carbon offers products and services including Instant Loans, Carbon Zero, Savings, and Debit Card (Pink Passport). Carbon operates in a competitive market with competitors including Kuda, FairMoney, Sparkle, Aku and Kredi Bank, among others.
- Headquarter Lagos, Nigeria
- Founders Ngozi Dozie, Chijioke Dozie
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Carbon Microfinance Bank (Rc 1642222)
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Jun 01, 2020
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Investors
Lendable
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Amplify Pay
& 1 more
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Products & Services of Carbon
Carbon offers a comprehensive portfolio of products and services, including Instant Loans, Carbon Zero, Savings, and Debit Card (Pink Passport). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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 Total Funding
- Total Rounds 2
- Last Round Series A — $10.0M
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First Round
First Round
(08 Mar 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series A - Carbon | Valuation | NET1 |
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| Mar, 2019 | Amount | Debt – Conventional - Carbon | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Carbon
Carbon has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Lendable and Net1. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Payment processing solutions are offered for businesses in developing economies.
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Founded Year | Domain | Location | |
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Working capital loans are provided to businesses by Lendable.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carbon
Carbon has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Amplify Pay and Vella Finance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cross-border payments and invoicing services are offered to businesses.
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2021 | ||||
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Recurring subscription payments are processed via a compliant API gateway.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Carbon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carbon Comparisons
Competitors of Carbon
Carbon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kuda, FairMoney, Sparkle, Aku and Kredi Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Kuda is recognized as a digital banking app for Africans.
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| domain | founded_year | HQ Location |
Digital microfinance banking services are offered to individuals.
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| domain | founded_year | HQ Location |
Digital banking services are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Aku is recognized as a FinTech company offering payment solutions.
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| domain | founded_year | HQ Location |
Digital financial services are offered to individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carbon
Frequently Asked Questions about Carbon
When was Carbon founded?
Carbon was founded in 2012 and raised its 1st funding round 7 years after it was founded.
Where is Carbon located?
Carbon is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is Carbon a funded company?
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 08, 2019.
What does Carbon do?
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.
Who are the top competitors of Carbon?
What products or services does Carbon offer?
Carbon offers Instant Loans, Carbon Zero, Savings, and Debit Card (Pink Passport).
How many acquisitions has Carbon made?
Carbon has made 2 acquisitions, including Amplify Pay, and Vella Finance.
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