Carrot Credit raises $4.2 million seed to scale crypto- and stock-backed lending in Africa

Carrot Credit, a Nigerian fintech that offers loans backed by digital investment assets like stocks, ETFs, and crypto, has raised $4.2 million in seed funding. The fintech will use the funding to scale its credit infrastructure across Africa, expand its team, and deepen integrations with digital investment platforms. MaC Venture Capital led the round, with participation from Authentic Ventures.

Carrot is among the first few startups offering an alternative lending model on the continent. As embedded finance gains traction in Africa, Carrot’s approach could expand access to credit for a new generation of digital investors and financial platforms.

Carrot Credit raises $4.2 million seed to scale crypto- and stock-backed lending in Africa

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