Carbon, a credit-led pan-African digital bank, has doubled its clientele base and revenue since 2018 primarily due to its disruptive ‘Carbon Zero’ product.
The company’s published 2022 financial report showed a remarkable revenue climb from N3.7billion in December 2018 to N7.7billion in December 2021.
The product was also said to contribute to the tremendous growth of the company’s customer base to over three million active users.
Since its inception as ‘One credit’ in 2012, through its evolution as ‘One-fi’, ‘Paylater’ and finally ‘Carbon’ in 2018, the bank has firmly placed its customers’ needs at the center of its innovative products and services.
“I got my loan approved in less than 5 minutes. I was able to make bank transfers and online payments swiftly. Thanks for this app,” Odunjo Olakunle, an excited customer said.
The product has been designed to perform better than a loan; with Carbon Zero, customers can make purchases online and offline, spread the cost of any bill, and pay in four installments at 0 percent interest. In addition, by signing up on the web or using the Carbon app, customers receive an N30,000 spending limit.
Carbon takes pride in the fact that it has made finance more accessible to Nigerians, offering not only affordable loans but also a deposit account, a high-yield savings account, free bill payments, free transfers and debit cards.
Attesting to the uniqueness of Carbon, Olowolafe Sunday Oladele stated “They got me covered during the ‘rainy days’. Moreso, if you’re tired of all these traditional banks and their hectic stuff, get carbon. From loans to paying bills, and most importantly, the savings and investment programs there is just too much”
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The bank also expanded the services provided by its debit card, enabling it to do more than just make payments.
Dubbed the ‘Pink Passport,’ the Carbon debit card allows users to buy and split payments in four at 0 percent interest in both online and offline transactions. In January 2022, the company announced a new Carbon Zero partnership with the global retail outlet SPAR.
The league is poised to help even more Nigerians buy anything at any Spar store and pay for items in a wide range of categories in installments at 0 percent interest.
Carbon is a credit-led digital bank offering modern banking services to ambitious, youthful, unrelenting Africans looking for value and control over their finances.
Carbon Zero is a buy now pay later product that allows individuals to purchase anything from pretty much anywhere, splitting the payment into four interest-free installments.
