Nigeria’s Carbon Buys Vella Finance for AI-Powered Business Banking
Nigerian digital bank Carbon has acquired Vella Finance for the launch of an AI-powered platform for SMEs. Financial terms were not disclosed.
Launched in 2016, Carbon’s focus is on providing Nigerians with access to credit in the form of instant loans and a BNPL offering. It also offers savings plans and a debit card.
Photo courtesy of Olumide Bamgbelu.
Source: FinExtra (link opens in a new window)
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