When was Carbon founded?

Carbon was founded in 2012 and raised its 1st funding round 7 years after it was founded.

Where is Carbon located?

Carbon is headquartered in Lagos, Nigeria.

How many employees does Carbon have?

As of Jun 30, 2026, the latest employee count at Carbon is 136.

Is Carbon a funded company?

Carbon is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Mar 08, 2019.

When was the latest funding round of Carbon?

Carbon's latest funding was a $***** Series A round on 2020, with participation from 1 investor.

Where does Carbon rank among its competitors?

Carbon ranks 100th amongst 2047 active competitors, of which 203 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Mercury, which secured $200M in May, 2026.

Who are the top competitors of Carbon?

Carbon's top competitors include Nubank, Revolut and Monzo. Among them, Mercury secured the most recent funding round in May, 2026.

Carbon - 2026 Company Profile, Team, Funding & Competitors

Company Details

Digital Bank for Individuals and Businesses. It offers short-term loans on the basis of credit assessments. It also offers a Carbon account for online payments, money transfers, bill payments, business transactions, and more. App is available on iOS and Android devices.

Website: getcarbon.co
Social
Email ID: *****@getcarbon.co

Key Metrics

Founded Year

2012

Location

Lagos, Nigeria

Stage

Series A

Total Funding

$10M in 2 rounds

Latest Funding Round

Series A, 2020, $*****

Investors

NET1 & 1 more

Ranked

100^th among 2047 active competitors

Employee Count

136 as on Jun 30, 2026

Investment & Acquisitions

Vella Finance & 1 more

Similar Companies

Nubank & 731 more

View Carbon's full profile

Carbon has raised a total funding of $10M over 2 rounds. Its first funding round was on Mar 08, 2019. Its latest funding round was a Series A round on 2020 for $*****. 1 investor participated in its latest round. Carbon has 2 institutional investors.

Here is the list of recent funding rounds of Carbon:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2020	2194	Series A	4288	2254	8806	4018
Mar 08, 2019	4937326	Conventional Debt	4685065	7295378	5310810	Lendable

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View details of Carbon's funding rounds and investors

The founders of Carbon are Ngozi Dozie and Chijioke Dozie.

Here are the details of Carbon's key team members:

Ngozi Dozie: Co-Founder of Carbon and founder of 3 other companies, One Credit, Cafe Neo and Kaizen Venture Partners. They are also an angel investor in 1 startup.
Contact Info: 3 email addresses
Chijioke Dozie: Co-Founder of Carbon and founder of 4 other companies, including OneFi, Kaizen Venture Partners and Flex Advance.
Contact Info: 3 email addresses

View details of Carbon's Founder profiles and Board Members

Carbon's employee count trend

Carbon has 136 employees as of Jun 26. Here is Carbon's employee count trend over the years:

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Top competitors of Carbon include Nubank, Revolut and Monzo. Here is the list of Top 10 competitors of Carbon, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nubank 2013, Sao Paulo (Brazil), Public	Provider of digital banking services, including credit cards and accounts	$2.27B	DST Global, Sequoia Capital & 39 others	89/100
2nd	Revolut 2015, London (United Kingdom), Series E	Provider of banking solutions for retail customers and businesses	$1.99B	Balderton Capital, TSG Consumer Partners ... & 149 others	86/100
3rd	Monzo 2015, United Kingdom, Series I	Provider of digital banking services including savings accounts and loans	$2.41B	Passion Capital, General Catalyst & 65 others	84/100
4th	Mercury 2017, San Francisco (United States), Series D	Provider of a comprehensive online platform offering a range of financial services	$546M	TCV, CRV & 78 others	83/100
5th	Chime 2012, San Francisco (United States), Public	Digital bank for individuals	$3.15B	DST Global, Dragoneer Investment Group & 57 others	83/100
6th	Qonto 2017, Paris (France), Series D	Provider of business account, payment cards, and financial management solutions	$717M	Alven, Valar Ventures & 26 others	82/100
7th	Starling Bank 2014, London (United Kingdom), Series D	Provider of digital banking services including savings and payment accounts	$1.01B	Merian Global Investors, Goldman Sachs & 35 others	82/100
8th	Ally 1919, Detroit (United States), Public	Provider of banking, auto finance, investing, and life insurance products	$1.3B	Omega Advisors, Cerberus Capital Management ... & 5 others	81/100
9th	Dave 2016, Los Angeles (United States), Public	Developer of a mobile banking application offering financial management tools	$63.6M	Norwest, Financial Solutions Lab & 18 others	81/100
10th	Brex 2017, San Francisco (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	Greenoaks, DST Global & 68 others	81/100
100th	Carbon 2012, Lagos (Nigeria), Series A	Digital Bank for Individuals and Businesses.	$10M	NET1, Lendable	57/100