Carbon releases its 2019 financial results
Carbon began operations in 2012 and within the space of six years, it grew
revenue steadily, reaching an all-time high of $17.5mm in full-year 2019
LAGOS, Nigeria, June 30, 2020/ -- Nigeria’s leading digital financial services company, Carbon (https://getCarbon.co), has released it’s 2019 financial statements audited by KPMG, detailing its product growth and $17.5mm in revenue.
Download document: https://bit.ly/3g74D6I
Carbon began operations in 2012 and within the space of six years, it
grew revenue steadily, reaching an all-time high of $17.5mm in full-year 2019. In the same year, Carbon expanded its product offerings to the
Kenyan market and it’s disbursement volumes have grown from N13bn (2018) to N23bn.
Formerly called Paylater, Carbon pioneered instant lending in Nigeria
and was the first mobile app to provide access to credit digitally and
without requesting individuals to present the documents and collateral
traditionally associated with accessing loans. Earlier this year, Carbon introduced its iOS app and USSD (*1303#) service. It also announced its Disrupt Fund, a $100,000 Pan-African fund to address the lack of
capital for African tech startups.
“The company will continue to share it’s audited financials annually,
thus upholding a culture of transparency and accountability,” says Ngozi Dozie, Founder of Carbon.
So far this year, Carbon has introduced multiple new features for its
customer base including Carbon Express: a keyboard allowing users to
make payments from any social app, periodic investments, free bank
transfers, monthly wallet interest, and more.
Carbon also plans to introduce debit cards, a reward program for loyal
customers and SME accounts for entrepreneurs, in the months to come.
You can find the full annual report here (https://bit.ly/2YNuvPw).
About Carbon:
Carbon (https://getCarbon.co) is a pan-African digital financial institution accessible via
smartphones and which provides individuals with access to credit, a
fee-free/interest-earning wallet, simple payments solutions, high-yield
investment opportunities and easy-to-use tools for personal financial
management.
Our mission is to empower opportunity globally through friction-free
finance that empowers individuals and businesses. We are a global
company of over 100 employees with operations in Nigeria, England and
Kenya.
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