The Fintech Africa
  • Home
  • Payments Tech
  • Inside Tech
  • How Tos
  • Savings Tech
  • Lending Tech
  • Random Tech
  • Investment Tech
Recent Posts
  • Improving Company’s Growth through Intentional Customer Support: Christopher Chikamso Shares his Experience Working in Fintech
  • From an Early Career in Banking to Driving Growth Initiatives at Leading Fintech Companies: Odiri Erusiafe’s Path to Becoming a Marketing Expert.
  • Meet Gloria Idowu, a Marketing and Communications Strategist who has Mastered Marketing with Empathy in Fintech.
  • Driving Impact In Fintech, One Product at a Time: How Fintech has shaped Elizabeth Ogunseye’s career. 
  • How to Open an Online Bank Account in Nigeria Kenya Ghana Without Visiting a Branch
  • How Technology Affects Mental Health: Exploring the Connection Between Electronics and Well-Being
  • 3 Smart Tips to Automate Your Household Chores With Smart Devices
The Fintech Africa
  • Home
  • Payments Tech
  • Inside Tech
  • How Tos
  • Savings Tech
  • Lending Tech
  • Random Tech
  • Investment Tech
Follow Us
RRandom Tech

Carbon launches $100,000 pan-African fund for startups

  • bySandra Macjohn
  • February 19, 2020

Nigerian fintech startup, Carbon, has announced that it just launched a $100,000 pan-African fund for startups. The company revealed that the Carbon Disrupt Fund is available to tackle the unavailability of funding and to support tech entrepreneurs in Africa. Carbon plans to invest around $10,000 each in these startups in exchange for a 5% equity.

Carbon

Ngozi Dozie, co-founder of Carbon, “The investing environment for early-stage startups has improved in recent years. However, a key issue for most startups that has not been addressed is the cost of customer acquisition. A lot of money is spent on acquiring customers, mainly via social media, when a more collaborative approach among tech companies could be more efficient. Our fund will enable this collaboration, allowing others to market to our customer base and vice versa – a win-win for everyone.”

Chijioke Dozie, co-founder and CEO of Carbon added, “There are many excellent companies across the continent looking for the kind of scale Nigeria offers and we are excited to partner with them to provide the support and financial investment they need. We are equally excited to expand beyond Nigeria and Kenya by working with a new generation of innovators across the continent and sharing our experience to tackle common obstacles to growth.”

  • Tags:
  • Carbon
Sandra Macjohn

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

— Previous article

How to block your ATM card quickly even during weekend

Next article —

Google and Flutterwave to train 5000 SMEs across Nigeria- See how to apply

You May Also Like
RRandom Tech
Car45
Read More

    Car45’s Parent Company Raises $400 million from OLX Group

    • byRejoice Obike
    • November 28, 2019
    Frontier Car Group, the parent firm of Car45 has raised $400 million from OLX Group. The company is…
    PPayments Tech
    Blockchain
    Read More

      Using Blockchain to Enable Faster Cross Border Remittance

      • bythefintechafrica
      • May 10, 2019
      Using Blockchain to Enable Faster Cross Border Remittance Blockchain derived its name from how it works and the…
      IInvestment Tech
      Read More

        How to Buy Safaricom Shares In Kenya (Full Guide)

        • bySandra Macjohn
        • August 5, 2022
        Shares in Safaricom are traded on the Nairobi Stock Exchange (NSE), and there are a few different ways…
        RRandom Tech
        Visafront
        Read More

          Visafront Nigerian Property Investment Platform, Secures Funding Round

          • byRejoice Obike
          • September 2, 2019
            Introduction: Recently, there is a funding trend among Fintech startups. From OPay, to GONA, funding is a…
          PPayments Tech
          ORide
          Read More

            ORide; Nigeria’s Bike hailing Service launched by OPay

            • byRejoice Obike
            • June 6, 2019
            ORide, a bike-hailing app launched under the hub of OPay intends to make going around Lagos easier. On…
            RRandom Tech

            How To Log into Your IrokoTV Account on Your Phone

            • bySandra Macjohn
            • May 1, 2019
            How To Log into Your IrokoTV Account on Your Phone IrokoTV is the app that allows you to…
            The Fintech Africa
            • Home
            • Disclaimer Notice
            • Contact Us
            • Privacy Policy
            • About us