Carrot Credit Secures $4.2 Million Seed Funding to Expand Asset-Backed Lending in Africa

Nigerian fintech startup Carrot Credit, which is revolutionizing credit access for retail investors through digital asset-backed lending, has secured $4.2 million in seed funding. This investment will enable the company to scale its innovative platform across Africa. The round was led by MaC Venture Capital, with participation from Partech Africa and Authentic Ventures, signaling strong investor confidence in Carrot’s mission to reshape credit access for African investors.