#70: Carbon - How the credit-led neobank is providing loans, BNPL and financial services across Nigeria and Africa

Afrobility: Africa Tech and Business - Un podcast de Olumide Ogunsanwo and Bankole Makanju

Catégories:

Overview: Today, we’re going to explore Carbon, the credit-led Neobank. We’ll discuss the Carbon story across the following areas:

  1. African lending & consumer credit

  2. Carbon's founding & early history

  3. Product & monetization strategy

  4. Competitive positioning & potential exit options

  5. Overall outlook

This episode was recorded on Oct 15, 2023

Companies discussed: Carbon (PayLater, One Credit, OneFi, One Finance), Diamond Bank, Cafe Neo, Kaizen Venture Partners, FairMoney, Branch, Paga, Kuda Bank, GTBank, Access Bank, Chipper Cash, NuBank, Lesaka (NET1 UEPS), Lendable, Interswitch, Visa, RenMoney, Tala & Safaricom (M-Pesa)

Business concepts discussed: Smartphone credit assessment, consumer lending, unbanked population, Neobank strategy, Personal Finance OS & Buy Now Pay Later

Conversation highlights:

  • (00:48) - Carbon context

  • (08:15) - Consumer lending in Africa and Neobanks 

  • (15:32) - Background on African banking and Neobanks

  • (32:02) - Founding story of Carbon & Founders’ background

  • (54:04) - Fundraising 

  • (1:01:15) - Growth and Geographical Expansion

  • (1:08:03) - Acquisitions and investments

  • (1:15:54) - Team and organisation

  • (1:19:35) - Key metrics

  • (1:40:46) - Product strategy and monetization

  • (2:00:08) - Competition and options for exit

  • (2:10:33 - Olumide’s overall thoughts and outlook

  • (2:20:38) - Bankole’s overall thoughts and outlook

  • (2:30:15) - Recommendation and small wins

Olumide’s recommendations & small wins:


Bankole’s recommendations & small wins:



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