Is Carbon Legit or Scam? Is it safe to use?

Share via
images 20 5
Share via
Carbon

Carbon, formerly known as Paylater, is a digital financial platform that offers loans, bill payments, and investment opportunities to individuals and businesses in Nigeria. 

Table of Contents

The company has gained popularity among Nigerians due to its quick loan disbursement and easy-to-use interface. However, as with any emerging financial platform, concerns regarding its legitimacy have arisen. In this article, we will explore whether Carbon is legit or a scam and whether it is safe to use.

Origin and Growth of Carbon

Carbon was founded in 2016 by Chijioke and Ngozi Dozie under the name Paylater. The company started as a mobile app that offered quick loan disbursement to individuals without the need for collateral. 

The app became popular in Nigeria due to its quick turnaround time and loan eligibility criteria that did not require a credit history. In 2019, Pay later rebranded to Carbon and expanded its service offerings to include bill payments and investment opportunities. The company claims to have disbursed over $100 million in loans to date.

Carbon’s legitimacy

Carbon is a registered financial institution in Nigeria and is regulated by the Central Bank of Nigeria (CBN). Being regulated by the CBN means that the company has met the requirements to operate as a financial institution in Nigeria. The company’s operations are also audited by PriceWaterhouseCoopers (PwC), a reputable auditing firm. These factors add to Carbon’s legitimacy as a financial platform in Nigeria.

Carbon’s safety

Carbon claims to use state-of-the-art technology to protect its users’ data and prevent fraud. The company uses data encryption to secure users’ transactions and personal information. Carbon also claims to have a team of security experts that monitor its platform for any suspicious activities.

In terms of loan disbursement, Carbon requires users to provide personal information and bank account details to access its loan services. While the company claims to keep users’ information secure, there is always a risk of data breaches and identity theft on any digital financial platform.

Carbon’s customer service

Carbon’s customer service has received mixed reviews from users. Some users have praised the company’s responsiveness and helpfulness when dealing with loan disbursement and repayment issues. However, other users have reported long wait times and unresponsive customer service representatives. Carbon has acknowledged these issues and has stated that it is working to improve its customer service experience.

Conclusion

In conclusion, Carbon loan app is a legitimate financial platform that offers loans, bill payments, and investment opportunities to individuals and businesses in Nigeria. The company is regulated by the CBN and its operations are audited by PwC, which adds to its legitimacy. Carbon claims to use advanced technology to secure its users’ data and prevent fraud, but there is always a risk of data breaches and identity theft on any digital financial platform. 

While Carbon’s customer service has received mixed reviews, the company has stated that it is working to improve its customer service experience. Overall, Carbon is a safe and legitimate financial platform that is worth considering for individuals and businesses in Nigeria.

Add your submission

Image Video Audio Text Embed

This field is required

Drop Images Here

or

You don't have javascript enabled. Media upload is not possible.

Get image from URL

Maximum upload file size: 2 MB.

Processing...

This field is required

Drop Video Here

or

You don't have javascript enabled. Media upload is not possible.

e.g.: https://www.youtube.com/watch?v=WwoKkq685Hk

Add

Some of the supported services:

Maximum upload file size: 10 MB.

Processing...

This field is required

Drop Audio Here

or

You don't have javascript enabled. Media upload is not possible.

e.g.: https://soundcloud.com/community/fellowship-wrapup

Add

Some of the supported services:

Maximum upload file size: 5 MB.

Processing...

This field is required

e.g.: https://www.youtube.com/watch?v=WwoKkq685Hk

Some of the supported services:

Processing...

Share via

What do you think?

-1 Points
Upvote Downvote
Avatar of Mena Veroh

Written by Mena Veroh

Lgists Media - No #1 Best Online Clues Portal On How to Learn Healthy Tips Any tutorial | Howto | Relationshp tips | Technology | Reviews | Biography | Bussiness Tips Any many more from Lgists Media

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

images 4 1

Open AI Chat GPT: The Role of Data Bais in Language models

redd f 3mWxKnqET3E unsplash

Kudi POS – withdrawal charges, machine price & daily target 2023