In an audited report published this week, Carbon, the Nigerian fintech company, declared that it made the naira equivalent of $312,905 in profit after tax in 2019. It’s a second successive year of profit for the business. First conceived as a lending platform, it now projects a “full-service” financial services menu that features investments, personal […]
Carbon reveals the appeal of fintech transparency in second profitable year, with $17million in revenue
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The Central Bank of Nigeria (CBN) wants banks to lend more. This time it’s not just talking. It is compelling them, somewhat. But the new policy it has issued could set the stage for the first real tussle between banks and fintechs.