Carrot, a Lagos, Nigeria-based digital lending startup increasing entry to credit score for African companies and people, raised $4.2M in Seed funding.
The spherical was led by MaC Enterprise Capital, with participation from Partech Africa and Genuine Ventures.
The corporate intends to make use of funds funds to develop its crew, scale operations and speed up product improvement, together with investments in AI to boost its credit score scoring, danger administration and fraud prevention methods.
Based in 2020 by CEO Bolu Aiki-Raji, Carrot Credit score is a supplier of a digital lending platform that provides customers entry to credit score utilizing digital monetary belongings. By integrating with platforms the place customers already handle belongings like shares and ETFs, it offers an expertise that enhances entry to credit score with out requiring customers to go away the instruments they already use. This method improves comfort, drives adoption of credit score options, and empowers customers with monetary flexibility, all whereas contributing to a extra linked and inclusive monetary ecosystem.
Since launch, the corporate has originated over $2 million in credit score and served over 10,000 customers.
FinSMEs
22/05/2025
