Carrot Credit has raised $4.2 million in seed funding to scale its lending services across Africa. Led by MaC Venture Capital, the fintech aims to enhance credit infrastructure and expand its team.

Carrot Credit, a Nigerian fintech offering loans backed by digital investment assets, has secured $4.2 million in seed funding. The funding will facilitate the scaling of its credit infrastructure, team expansion, and deeper integration with digital investment platforms. The round was led by MaC Venture Capital, with participation from Partech Africa and Authentic Ventures. Launched in 2023, Carrot allows retail investors to borrow against their investment assets without liquidating them.