Carbon
A Nigerian digital finance app for individuals and businesses to get instant loans, save, use buy now pay later, make transfers, and pay bills.
Carbon Product Overview
Is Carbon Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Nigerian individuals
- Nigerian small businesses
What It Does Well
- Instant loan access
- Savings in-app
Things to Check
- Loan limits
- Repayment terms
About 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.
Carbon Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataAs of Sep 28, 2026, Carbon is rated 4.5 on the App Store from 10.2K reviews and 3.8 on Google Play from 168.6K reviews with 5M+ installs.
Recent Reviews for Carbon
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Carbon Funding History
Liners compiles funding history from company announcements, investor records, and trusted reporting. We refresh it as new rounds are confirmed. How we source dataCarbon has raised $15.9M across 5 recorded funding events. The latest was Other in Feb 2020.
- Total Raised:
- $15.9M
- Latest Round:
- Other
Carbon Investors & Funding Rounds
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Carbon Founders & Leadership Team
Liners compiles leadership profiles from official company pages, professional profiles, and trusted public sources. We refresh them as teams change. How we source data
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Latest Carbon News & Updates
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Jobs at Carbon
| Title | Posted |
|---|---|
| Field Monitoring Agent - Lagos | Sep 17, 2026 |
| Treasury Manager at Carbon Nigeria | Sep 14, 2026 |
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Frequently Asked Questions About Carbon
Carbon is a digital banking and lending platform that allows users to access instant loans, savings products, payments, and financial management tools through a mobile app. Users can create an account, manage their money, apply for loans, save funds, and make payments directly from the app.
Creating a Carbon account is free. However, fees or interest may apply depending on the service used, such as loans, savings plans, or payment transactions. Loan interest rates vary depending on the loan amount and repayment period.
Carbon primarily operates in Nigeria, where it is licensed as a microfinance bank.
To sign up, download the Carbon mobile app from the Google Play Store or Apple App Store, create an account with your personal details, and complete identity verification. Once registered, you can access banking, payments, loans, and savings services in the app.
Yes, Carbon is available on iOS and Android.
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