Carbon review
Updated October 13, 2026 · VaultCue Editorial Team
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
Carbon centres on business loans that sit alongside a Carbon Business account for founders in Nigeria. It is a digital service for registered businesses that want online application and management with offers shaped by cashflow and trading history and business performance.
Key facts
- Best for
- Nigerian founders seeking business loans online
- Monthly fee
- NGN 100↗
- Transfer fee
- Carbon-to-Carbon transfers free; bank transfers out N10-N50 + N50 bank charge + 7.5% VAT↗
- Legal entity
- Carbon Microfinance Bank (RC 1642222)↗
- Headquarters
- Nigeria↗
- Founded
- 2012↗
- Support channels
- Email, Chat, Phone, Help-centre, Community↗
- Audience
- Business
- Pricing model
- Fixed rate
- Features
- Digital-only
- Official website
- getcarbon.co
Pros and cons
Pros
- Focused business loan range linked to a dedicated Carbon Business account
- Fully online application and management through the app and website
- Assessment based on cashflow and trading history rather than collateral
Cons
- Serves only registered Nigerian businesses, so reach is narrow
- Requires a Carbon Business account before accessing business loans
- Needs business documents and trading history for assessment
Who it suits
- Nigerian founders running registered businesses
- Founders who prefer online account management
Who should look elsewhere
- Individuals seeking personal current accounts
Safety and regulation
Carbon states that its business lending is licensed by CBN, which gives a clear regulatory anchor for founders in Nigeria. Applications are assessed on cashflow and trading history, and directors provide government identification plus BVN for identity checks. A clean credit bureau record is required, so past defaults receive attention before any offer. Documents are uploaded through the app or website, and offers appear in the app with exact details for review before you accept.
How Carbon compares
Where Carbon is available
- Available
- Nigeria
- Licence in Nigeria
- Central Bank of Nigeria (CBN) (RC 1642222), checked September 26, 2026
- Licence in Nigeria
- Nigerian Deposit Insurance Corporation (NDIC), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Carbon offer for businesses?+
Carbon provides business loans alongside a Carbon Business account for founders in Nigeria. The range covers working capital needs and finance for business equipment. You apply and manage the relationship through the app and website.
Which businesses can use Carbon?+
Carbon serves directors of registered Nigerian businesses with established trading activity. Applicants provide business registration proof, bank statements, identification with BVN and address proof. A clean credit bureau record is also expected.
How does Carbon assess loan applications?+
Carbon assesses applications on business cashflow and trading history rather than physical security. Your statements and business documents support the review and the offer appears in the app. You see the details before you decide whether to accept.
Does Carbon charge a monthly fee?+
The monthly fee at Carbon is NGN 100. (Source, checked September 26, 2026)
Which company operates Carbon?+
Carbon is operated by Carbon Microfinance Bank (RC 1642222). (Source, checked September 26, 2026)
Where is Carbon based?+
Carbon is based in Nigeria. (Source, checked September 26, 2026)
When was Carbon founded?+
Carbon was founded in 2012. (Source, checked September 26, 2026)
How can I contact Carbon support?+
Carbon offers support through Email, Chat, Phone, Help-centre, Community. (Source, checked September 26, 2026)
Sources
- getcarbon.co checked September 26, 2026
Backs: Audience
“Business loans for Nigerian founders”
- getcarbon.co/about checked September 26, 2026
Backs: Founded
“2012 The journey to democratize credit in Nigeria began - One Credit was founded in Lagos, Nigeria.”
- getcarbon.co/business/pricing checked September 26, 2026
Backs: Monthly fee, Transfer fee
“Monthly maintenance fee - Cost of managing each active account, charged only once a month - N100 per active account + 7.5% VAT”
- getcarbon.co/faqs checked September 26, 2026
Backs: Features
“Carbon is a credit-led digital bank offering modern banking services to ambitious, youthful, unrelenting Africans”
- getcarbon.co/personal checked September 26, 2026
Backs: Account kind, Headquarters, Legal entity, Rate type, Support channels, Term, Licences
“Earn up to 20% interest on your savings. That's on a 12-month fixed Cash vault savings plan”
- getcarbon.co/savings checked September 26, 2026
Backs: Headline rate, Minimum deposit, Pricing model
“Cash Vault: Lock away bulk sums for capital projects from as low as N50,000 and earn 20% interest at maturity.”
- getcarbon.co/terms-and-conditions checked September 26, 2026
Backs: Access terms
“You agree that with respect to any investment made by You on Cash Vault, such investment cannot be redeemed or liquidated prior to the maturity date.”
Compiled from 7 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee, Currencies.