# Carrot Digital Solution

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carrot-digital-solution

- Industry: Financial Services
- Headquarters: Abuja, Nigeria
- Website: www.carrotcredit.com
- Total disclosed funding: $4.2M
- Latest round: Seed (May 22, 2025)
- Investors on record: 3

## About

Carrot Digital Solution Limited, based in Abuja, Nigeria, provides a digital lending platform that enables users to access credit by leveraging their digital assets like stocks and cryptocurrencies as collateral.Founded in 2023, Carrot Digital Solution Limited offers a unique lending model that allows users to obtain credit without liquidating their investments. The company operates from its headquarters in Abuja, Nigeria. The founder has a background in the financial technology sector, but specific details on prior ventures are not available. In May 2025, the company raised USD 4.2 million in Seed funding, led by MaC Venture Capital, with participation from Authentic Ventures and Partech. This funding round represents the total amount raised to date, focusing on supporting their growth strategies.Carrot's primary offering is a digital lending platform that provides users access to a line of credit denominated in USD, utilizing digital assets such as stocks, cash, and cryptocurrencies as collateral. This innovative model allows both individuals and businesses in Nigeria to secure liquidity without selling their investments. The platform streamlines the borrowing process, making it accessible for users who need immediate funds or businesses that wish to offer credit solutions to their customers.Carrot generates revenue through interest charges on the lines of credit extended to customers. The company facilitates transactions through partnerships with financial institutions, allowing users to quickly access funds based on their digital assets. Repayment terms are customized to suit individual financial situations, and the company’s business model is primarily B2C, focusing on consumer needs for flexible credit solutions.In May 2025, Carrot Digital Solution Limited raised USD 4.2 million in Seed funding, which will be utilized to enhance the company's team, scale operations, and invest in artificial intelligence to improve credit scoring, risk management, and fraud prevention. The company is working on launching new products to further diversify its offerings and plans to expand into additional markets in Africa by 2026.

## Funding rounds

- Seed, May 22, 2025, $4.2M — Partech Partners, Authentic Ventures, MaC Venture Capital

## Investors

- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Seed
- Authentic Ventures (https://capitalatlas.ai/funds/authentic-ventures) — Seed
- MaC Venture Capital (https://capitalatlas.ai/funds/mac-venture-capital) — Seed