Carrot is a Lagos-based digital lending startup founded in 2020 by CEO Bolu Aiki-Raji that provides access to credit using users' digital financial assets. Its platform integrates with places where users already manage assets like stocks and ETFs to offer credit without forcing users to leave existing tools. The company has originated over $2 million in credit and served over 10,000 users since launch. Carrot plans to use new funding to grow its team, scale operations and accelerate product development. It specifically intends to invest in AI to enhance credit scoring, risk management and fraud prevention systems. The approach aims to improve convenience, drive adoption of credit solutions and expand financial inclusion in Africa.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

May 2025