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StartupSeries BB2CFinance

Carbon

Digital bank for Africa

Nigeria Lagos Founded 2012 201-500 Website
Total Raised$17.0MSee the rounds
StageSeries B
Users3M+ users
Operating Since2012 (14y)

About Carbon

Carbon (formerly Paylater) is a digital bank that offers instant loans, bill payments, fund transfers, investment products, and virtual cards. The platform uses AI-driven credit scoring to provide instant loan decisions, serving millions of customers across Nigeria and beyond.

Funding

Total Raised$17.0M
Last Round$10.0MSeries A

Rounds

Series ANov 1, 2020
$10.0M

Lead: Lendable

Investors

LendableBreyer Capital

Leadership & Team

Founder(s)

CEO

Traction & Recognition

Users3M+ users

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Quick Facts

CountryNigeria
Founded2012
TypeStartup
ModelB2C
Team size201-500
Operating in
NigeriaKenya