Carbon releases 2019 financial results

Nigeria’s leading digital financial services company, Carbon, has released its 2019 financial statements audited by KPMG, detailing its product growth and $17.5m in revenue.

A statement by the firm said Carbon began operations in 2012 and within the space of six years, it grew revenue steadily, “reaching an all-time high of $17.5m in full-year 2019.

In the same year, the statement added that Carbon expanded its product offerings to the Kenyan market and its disbursement volumes grew from N13bn to N23bn.

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