November 11, 2019 All Things Fintech in Africa

Carbon Plans to Launch a Micro Insurance and Digital Wallet in Kenya

 

Carbon is a Nigerian instant loan, investment, and payment   digital service,  planning to launch new operations  in Kenya.   In 2012, Carbon started as “Paylater,” before rebranding as Carbon as part of it transition into a full-fledged digital financial service platform.

Carbon tends to expand further into Kenya with a mobile health insurance and launch a virtual Visa card for its customers.

According to the company’s co-founder and CEO Chijioke Dozie in a tweet:

“Looking for a self-starter that can help launch @get_carbon’s operations in Kenya. Local knowledge and experience in financial services/fintech is preferred. @get_carbon is hiring for a Kenya Country Manager!”

On mobile health insurance Carbon will take on M-TIBA, a CarePay service. CarePay recently raised $45m for expansion and Carbon needs more than money to take on its service, which unfortunately hasn’t seen huge uptake as expected. Another firm in the micro-insurance sector is MicroInsure which works with various partners to reach the uninsured in the markets its works in.”

Before the re-branding, Carbon had acquired payments company Amplify to cement its move into multiple strands of financial services.

 

 

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