Nigerian fintech company, Carbon celebrates 10th anniversary

Carbon Finance, one of the leading players in Nigeria’s Fintech industry, has kicked off celebrations to mark its 10th anniversary with a promise to transform the banking experience for users as well as make banking accessible and flexible for consumers.

Having begun operations in 2012 as One Credit, a brick-and-mortar consumer lender focused on the Nigerian market, the company pivoted in 2016 to become a digital lender via the Paylater App which focused on providing access to consumer credit services.

In 2019, the company rebranded to become Carbon and was granted a microfinance banking license by the Central Bank.

Since then, the company has transformed its objectives into developing a fully-functional service platform that offers cost-effective bill payments, free fund transfers, and high-yield savings and investment options in addition to its credit facility.

Read also: Carbon App is 4; Here’s How the Digital Bank Has Fared Since Transition from Paylater

Speaking about the bank’s offering and quest, the co-founder and CEO Chijioke Dozie expressed satisfaction and pride in the trajectory the company is scaling.

“At Carbon, we are very proud of what we have built, thanks to our customers and the humans at our space. When we look at the last ten years and the future ahead, we want to focus more on our customer’s needs and ensure we are adapting to the market demands and changing the way Nigerians make payments”.

Chijioke Dozie, Co-founder and CEO Carbon

“Carbon’s 10th anniversary is a testament to the fact that 10 years is remarkable for a Neo-bank! Celebrating a decade of value and trust. Carbon has been expanding possibilities not only for its clients and partners but also empowering employees all through its commendable journey”, he added.

Co-founder, Ngozi Dozie also added that the company’s unique offerings give individuals the best possible rates and deals that will help them manage their funds in the best possible way.

“With our newly launched buy now pay later product “Carbon Zero” which gives you the flexibility to shop what you want, when you want, without breaking the bank at a 0% interest rate. As humans, time is our most valuable asset and by using Carbon Zero, our customers can be more flexible with their funds and improve their quality of life significantly.” 

As part of the anniversary celebrations, a variety of rewards, including free data vouchers, movie tickets, discounts in select stores, and cash rewards will be given to customers beginning today, September 12th, 2022.

About Carbon

Originally set up as a lending company, The platform has established itself as one of the continent’s leading and fastest-growing digital banks, with over a million users across the federation and operations in two African countries.

The company has its headquarters in Lagos, Nigeria with over 150 team members. It also has operations in Ghana.

The digital financial platform in its 2019 financial overview report released claimed that it had disbursed loans worth over N23.1 billion. This represents a 76.9% increase from the N13 billion disbursed in 2018, indicating high growth in the company’s key offering.

Read also: Carbon Disbursed Over N23.1 Billion in Loans and Generated N6.3 Billion Revenue in 2019

The company aims to further its mission of providing modern financial products and building value-based relationships with customers. As a result, Carbon is uniquely positioned for significant growth and impact.