Carrot

Carrot is a digital lending platform for individuals with investment portfolios and for financial platforms that want to offer asset-backed lines of credit to their customers.

Key capabilities include:

• USD credit line backed by digital assets, letting borrowers access liquidity using stocks, cash, and cryptocurrency held on partner platforms as collateral, without liquidating their portfolio.
• Partner-led onboarding, where users sign up through a Carrot partner and eligibility status appears on the user dashboard.
• Fast disbursements and payouts after approval, designed for quick access to cash when needed.
• Flexible terms, with configurable credit amounts and repayment schedules; the website positions interest rates as low but does not publish a rate table.

Available on Web (signup and login via the Carrot website).

Target users include individual investors and business owners with portfolios on partner investment apps, plus asset managers, financial institutions, and investment, stock, or crypto platforms offering credit to end customers while aiming to preserve assets under management (AUM).

Carrot is currently present in Nigeria and states plans to expand to other African markets. Its website notes 15,000+ users, and public reporting cites a $4.2 million seed round to scale its asset-backed lending offering across Africa.