What does Carrot do?
Carrot is a digital lending platform that provides users with access to credit using digital financial assets. By integrating with platforms where users manage assets such as stocks and ETFs, it offers a seamless experience that enhances financial flexibility and inclusion.
How much did they raise?
The company raised $4.2M in Seed funding, with MaC Venture Capital leading the round and participation from Partech Africa and Authentic Ventures.
What are their plans for the money?
Carrot plans to use the funds to grow its team, scale operations, and accelerate product development, with a focus on incorporating AI to improve credit scoring, risk management, and fraud prevention systems.
What have they achieved so far?
Since its launch in 2020, Carrot has originated over $2 million in credit and served more than 10,000 users, showcasing its progress in transforming access to credit in Africa.
