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Carbon Finance, a Nigeria-based microfinance entity, has become a full-service bank, underpinned by core banking software from Mambu.


Among its new products is Carbon Zero, a buy now, pay later (BNPL) offering. Carbon has been working with Mambu for a decade, having started life as a lender under the name of One Credit in 2012. It rebranded as PayLater in 2016 and as Carbon Finance in 2019. The following year it received a banking licence.

Today, Carbon operates in Nigeria, Ghana, and Kenya, employs 150+ people, and has pan-African aspirations. It offers a zero-fee account, instant loans, free money transfers, savings and investment options, and payments like airtime and bills.