“Common investor wisdom is to stay in your market and dominate. This assumes that you are expanding on your own but we believe that by collaborating and partnering deliberately, Carbon and other tech companies can scale faster and build more enduring platforms,” Chijioke Dozie, chief executive officer (CEO) and co-founder of Carbon, said. 

Its latest service – Carbon Express – enables users to initiate and complete transactions such as P2P transfers and bill payments from the keyboard without launching the Carbon app or leaving the app they are using. Instead, they will be able to access services from the touch of their keyboard enabling quicker Instagram or WhatsApp commerce.

Carbon’s Disrupt fund, the first of its kind by an African fintech startup, will invest up to $10,000 per startup (for 5 percent equity) and give access to Carbon’s API, allowing investees to leverage Carbon’s growing customer base and innovative technology platform, to get to market faster. Acknowledging that its success is dependent on the growth of the tech ecosystem, Carbon expects the initiative to spark more collaboration and further investment that should drive growth across the ecosystem.

Nigerian fintech startup, Carbon, just announced that it has launched a $100,000 pan-African fund for startups.According to the company, the Carbon Disrupt Fund was set up to address the lack of funding and support holding back budding tech entrepreneurs on the continent. It will invest up to $10,000 per startup in exchange for a 5% equity.Also, startups will have access to Carbon’s API, and leverage Carbon’s growing customer base and innovative technology platform, to get to market faster. Additionally, the fund will provide mentorship, access to Carbon’s customers and payment platform, as well as office space in Carbon’s Lagos offices.

With Carbon, all loan requests, processes and payments are done via their android platform mobile app.You can borrow from as low as 5 cedis to as high as 1,000 cedis without the need to provide a collateral.All that is required of you as a loan applicant is your bio-data, your photograph, information about your employment and the loan amount you want.Once your loan has been reviewed and you pass the review process, your money is sent via the mobile wallet you applied with.

Carbon (Formerly Paylater Ghana)Paylater or Carbon is another Ghanaian lending platform which operates online and is for all calibre of people. The company believes in giving out financial assistance to deserving individuals without the need for collateral or any physical contacts.All payments and application are done solely via Paylater’s mobile application which is currently available on Google Playstore. With Paylater, you can borrow money from 5 cedis and above depending on how you have been able to pay the previous loan you took and the availability of funds at the time. Also, there are no late payment fees with Pay later or Carbon. It’s just your loan amount plus interest.

Fido LoansFido money lending is our second money lending app here. Fido loans is a licensed institution, specialised in giving short term loans.Fido gives loans up to the sum of 200 cedis on first time applications.Based on how soon and how well someone pays for their loans, they can qualify for loans up to the sum of 600 cedis.You can download the Fido app from google play store and apply for your first ever Fido loan.Loans are usually paid into the mobile money accounts of applicants.Orbit Lending GhOrbit Lending is one of the fastest growing online loan companies in Ghana.

While CGAP could not confirm the profiles of borrowers in Ghana, experience in East Africa suggests that many are borrowing from formal lenders for the first time. JUMO, one of Ghana’s most successful digital lenders, also operates in Tanzania, where it found that 81 percent of its borrowers had never before borrowed from a formal financial institution. The ability to reach excluded customers and help them to build formal credit histories has always been touted as the promise of digital credit. And while more data are necessary before forming any conclusions about the potential impact of digital loans in West Africa, the results from Ghana are cause for optimism.

Nigerian digital financial platform, Carbon (formerly Paylater) is taking big steps to introduce its revamped financial services into Ghana. The online lender is looking to hire a new country manager for Ghana and this suggests the company is looking to introduce its new services like PayVest into Ghana.

Carbon is a financial service provided by Carbon Finance & Investments Limited (RC 1044655), licensed and regulated by the Central Bank of Nigeria (CBN). We empower individuals with credit, simple payments solutions, high-yield investment opportunities, and easy-to-use tools for personal financial management. We are a global company of over 90 employees with a presence in Mauritius, Nigeria, the United Kingdom, United States, Canada, South Africa, and Kenya.

Abacus is a web and mobile software that lets you keep tabs on whatever is going on with the Nairobi Securities exchange in real time. And now, the team behind it has launched an Android app. The app was launched today and users now have access to regular updates from activities on the Nairobi Securities Exchange. The Abacus team, led by Joel Macharia as the CEO and Kevin Omwega as the director, have more than ten years of market experience. Abacus was one of the startups that participated in 2015 DEMO Africa event.

Kenyan startup, Abacus, in partnership with Strathmore University, is organising the Abacus Investment Academy to train individuals who want to learn more about financial markets. The program will take place at the Strathmore Business School in Nairobi and participants will be guided on how to invest in the different sectors and what to look out for before investing.

Get more for your moneyWhether you are saving for a house, a car, or for a rainy day, get more for your savings on Abacus with up to 9% p.a. #Do you have goals?Maybe it’s a solid financial foundation for the future or giving your kids the best educational opportunities. We can help you reach them.Living Abroad?You are the Kenyan expatriate. You traveled far, and have worked hard for your $, €, £ and AED. Let your money work just as hard for you back home to give you and your loved ones the life you deserve.Ride the bulls, escape the bearsGet the thrill of playing in the markets. Trade in individual stocks, bonds, forex* and bitcoin*.

For wealth management, Abacus is perhaps the most visible platform. The five-year-old NSE-licensed company offers users the ability to deposit, buy, sell, and trade unit trusts, bonds, and equities on their platform.Another startup is the earlier-mentioned Abojani which is an agent of AIB Capital for the purchase of local stocks. Founded in 2018, Abojani claims to have up to KES 40 Mn (roughly USD 400 K) under management for 150 clients in both stocks and mutual funds, as its CEO revealed to WeeTracker.Other platforms for wealth management in Kenya are Britam Asset Managers for mutual funds and Scope Markets for offshore stocks via Contract for Difference (CFD).

Abacus is an online multi-asset class brokerage agent in Kenya. It is one of the few Fintech companies in Kenya that help local and international investors to access unit trusts, mutual funds, bonds, and stocks online. Through Abacus, Kenyans can save and invest in areas that give them the best returns for their money, without necessarily having access to a bank account.Abacus also builds mobile and web software platforms that help investors to access financial markets in Africa. The solutions it offers make it possible for people to research and invest online, anytime, anywhere. Because of the type of business it conducts, Abacus is licensed as a data vendor by Kenya’s Nairobi Securities Exchange.

We are looking to cover at least 50% of Africa’s financial markets by 2019. We are an e*trade for Africa.We provide real time data and news, research, analyses and insights, technology driven advisory and community forums with investing leaderboards where you can see, copy or follow other investors’ activity. 

Abacus builds web and mobile software to help investors across the globe access African financial markets. We make it possible for both local and international investors to research and invest, anytime, anywhere.

All in all,Abacus allows you to easily get started on the road to investing in the NSE,its available on the web through www.abacus.co.ke and the android app is available on the Google play store,A basic subscriber account is easy to set up and allows one to easily get started with practise trading with virtual funds and realtime NSE data on market open so that one can learn.

“Abacus fulfills two requirements that help us make our expense reporting more efficient - a simple interface that helps our employees submit accurate expenses in real time, and powerful rule-based automation that we can customize to our policy so expenses are auto-approved or sent to the best person to review and approve.”Daniel Niccum, CFO, North American Substation Services

Abacus, the #1 mid-market expense reporting software listed on G2 Crowd, is the only truly real-time expense reporting solution on the market. It is the easiest way for a company to reimburse its teams, implement their expense policy, and reconcile corporate credit cards throughout the month. More than 1,000 customers use Abacus, including GLG, Coinbase, and Betterment.