Here’s another name for Carbon Bank

Here’s another name for Carbon Bank

Carbon Bank is a Microfinance (MFB) in Nigeria that’s well-known for its loan offering. The financial company is licensed by the Central Bank of Nigeria (CBN) as a digital bank. The bank can also be classified as neobank in Nigeria, rivaling with banks like Kuda Bank and ALAT by Wema. When Carbon Bank was incepted, it was known as PayLater. Then, the company was focusing mainly on loan services. However, as time goes on, the company worked toward expansion and secured a MFB license to operate as a digital bank in Nigeria. Hence, PayLater rebranded and changed it name to Carbon—your number one digital bank—in 2019. Now, Carbon Bank offers loans, savings, investments, savings accounts, buy now pay later and many more financial services to Nigerians. Chijioke Dozie is the current Co-founder and CEO of Carbon MFB. Through its mobile app that’s available on both Google Play Store and Apple App Store, users can download the Carbon Bank App and manage their daily finances through the app. As of …