Carrot Credit raises $4.2 million seed to scale crypto- and stock-backed lending in Africa
- Carrot Credit raised $4.2 million in seed funding led by MaC Venture Capital.
- The fintech allows users to borrow against digital assets like stocks and cryptocurrencies as collateral.
- Users can borrow up to 40% of their stable stock portfolio and 70% for fixed-income assets.
Carrot Credit's innovative approach to leveraging digital assets for lending could significantly transform the credit landscape in Africa. As the fintech sector continues to evolve, it will be crucial for Carrot to effectively communicate the value of its services to potential users who may be unfamiliar with asset-backed lending. The success of this model could pave the way for more inclusive financial solutions across the continent.
