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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Carbon Microfinance Bank (Rc 1642222)
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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).
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.
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 |
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Payment processing solutions are offered for businesses in developing economies.
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Working capital loans are provided to businesses by Lendable.
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Investor details for Carbon
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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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.
Investment portfolio details for Carbon
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
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| 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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Recurring subscription payments are processed via a compliant API gateway.
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Complete acquisition details for Carbon
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Carbon
Detailed financials for Carbon
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Carbon Comparisons
Peer comparison for Carbon
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- Headcount comparison
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- Operating benchmarks
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Kuda is recognized as a digital banking app for Africans.
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Digital microfinance banking services are offered to individuals.
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Digital banking services are offered to consumers and businesses.
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Aku is recognized as a FinTech company offering payment solutions.
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Digital financial services are offered to individuals and businesses.
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Detailed competitors of Carbon
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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- Competitive positioning
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Latest news on Carbon
Complete news archive for Carbon
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- Brand-specific news history
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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.
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.