Carbon, a leading player in Nigeria’s financial sector is has declared that it has fully acquired fintech startup, Vella Finance.
It stated that it made the acquisition through its parent company, one Credit Limited.
Carbon also launched a groundbreaking AI-powered business banking platform.
The company stated that it has a goal to empower small and medium-sized businesses with advanced financial services with the latest artificial intelligence.
According to the company-founder of Carbon, Chijioke Dozie, “We began the consumer finance revolution in Nigeria in 2016.
“However, our goal was to give consumers unprecedented access to finance from their mobile devices.”
According to Dozie, Vella is a good representation of what the company represents. He said, “We see the same innovative and pioneering spirit that ignited Carbon.
“We have known them for some time and admired their innovation and understanding of the market needs.”
The co-founder and CEO of Vella Finance, Mark Afolabi, said, “This is exciting news for businesses and we are thrilled to join forces with Carbon.”
The executive noted that the business will help it’s customers use advanced AI to gain deep insights into their financial transactions, enabling smarter decision-making and
growth strategies.
He also added that it’ll give access to loans with interest rates that challenge industry standards, offering financial relief and support for their
business aspirations.
According to the company, “All Carbon Business customers will get access to our AI experience through webinars, newsletters and How-To-Guides.
