Carrot Credit raises $4.2m to help Africans access loans using digital investments as collateral
The fintech allows users access loans without selling their investments.
Carrot Credit has raised $4.2 million in seed funding to expand its asset-backed lending platform.
The round was led by MaC Venture Capital, with backing from Authentic Ventures.
The funding will support product development and expansion across Africa.
Carrot Credit, a Nigerian fintech startup, has secured $4.2 million in seed funding to scale its alternative credit service that allows users to obtain loans by pledging their digital investments as collateral. The funding round was led by US-based MaC Venture Capital, with participation from Authentic Ventures.
Founded in 2023 by Boluwatife Aiki-Raji, Carrot Credit is carving a niche in Africa’s lending landscape by enabling individuals to borrow ...

