Carbon a Nigeria based instant loan, investment and Fintech Company is working on expanding its services to Kenya. Carbon which was formally known as Paylater was founded in 2012 as an instant loan platform which was later restructured and improved into a digital financial platform. Leveraging a digital wallet techniques, Carbon has been able to provide better services to its customers. Its services include saving services, fund transfer, bill payment and instant loan offers.
In Kenya, Carbon plans to deepen its offering with micro health insurance services by offering a mobile health insurance services. Carbon plans to partner with M-TIBA, a CarePay service to get done the mobile health insurance services. The platform will launch a virtual Visa card for its customers.
Carbon acquired “Amplify” a Nigeria payment Solutions Company earlier this year in order to pave the way for a smooth transition into a digital financial service provider. In a bid to facilitate its expansion, Carbon later secures a $5,000,000(Five million dollars) from Lendable.
CEO of Carbon Chijioke Dozie said in his statement that Carbon aspires to providing access to better financial services across Africa. They have achieved over a million app downloaded which makes them the largest smartphone lender in West Africa and also disburse across Nigeria and Ghana 3,000 loans per day.