Carbon

Carbon is a digital financial services app for people in Nigeria who want quick access to credit, savings products, and everyday banking features from a mobile phone.

Key capabilities include:

• Instant personal loans with no collateral or guarantors, offering ₦2,500 to ₦1,000,000 with repayment terms of 61 days to 12 months and monthly interest rates of 4.5% to 30% (maximum APR 195%). Loan access and pricing can improve with on-time repayments and app activity.
• Buy Now Pay Later (Carbon Zero) that lets users split purchases into 4 installments at 0% interest, with a 5% one-time processing fee.
• Savings and investment-style plans that advertise earnings up to 20% on a 12-month fixed Cash Vault plan (₦50,000 minimum), plus savings options listed in-app such as Carbon Savings and digital ajo.
• Spending and payments tools including a debit card with in-app security controls and notifications, free transfers, and bill payments.

Available on Web, Android and iOS.

It primarily serves individual Nigerians seeking loans, savings, transfers, and bill payments, and it also supports business lending.

Notable in Nigeria’s fintech market, the service is provided by Carbon Microfinance Bank (RC 1642222), licensed and regulated by the Central Bank of Nigeria (CBN), with NDIC-insured deposits.

As of Jun 22, 2026, Carbon is rated 4.5 on the App Store from 10.1K reviews and 3.8 on Google Play from 168.3K reviews with 5M+ installs.