Carbon: Mobile Banking & Loans5.3.4 - App Store

Total control of your finances is possible! Meet Carbon, a credit-led pan African digital bank that makes banking make sense, and your all-in-one app for easy money management.

Track and simplify your personal finances with our easy spending and payment options.
Say goodbye to hidden bank charges, long queues and endless paperwork.

Carbon's digital banking services are designed to change the way you bank, pay, spend and earn.

Earn more when you save
With Carbon, your money is always working for you. Save smart and earn more with up to 20% interest per annum on your savings.

Get loans that make sense
We've made loans easily accessible to help you reach your goals and stay in control.
What you need to know about our loans:
. Loan amounts range from ₦10,000 to ₦1,000,000 with repayment periods from 61 days to 12 months at monthly interest rates that range from 4.5% to 30%
. Max APR: 195% per annum
. No collateral or guarantor necessary
. No hidden fees
. Unlock higher loan amounts by repaying early and transacting regularly.

Representative example: Loan of ₦1,000,000 borrowed for 12 months at 4.5% monthly interest. Total payable: ₦1,540,000. APR: 54%.
Late fee: 0.03333% per day.

A smarter way to buy now, pay later
A smarter way to buy now, pay later at 0% monthly interest with Carbon Zero. Spread payments over 6 weeks or 4 monthly instalments for the things you love.

Who needs cash when you've got the Carbon debit card #PinkPassport-your powerful, bold way to pay in Naira, anywhere.
Control how your card works: set spend limits, block merchants, toggle ATM, POS, or online use-right from your dashboard.

Here's why you'll love Carbon:
Your Carbon account lets you do more than store money. Instead of fees, you earn 4% interest p/a on your average monthly deposits. Get instant loans of up to ₦1 million and smart saving options with returns up to 20% per annum.

Instant loans whenever you need them
We've made access to credit easy and simple. Available 24/7, no collateral or guarantor needed.

No hidden fees ever
You can bank on our transparency. Carbon gives you a clear breakdown of your transactions.

Real-time alerts
Where your money goes doesn't have to be a mystery. Get instant notifications for every transaction.

Fast, simple and secure payments
Send and receive money instantly and enjoy automatic reversals on failed transactions.

Reliable customer support
Focus on what matters-we're here for urgent queries. Reach us anytime through our support channels.

You're always in control
Freeze your card, cancel it, reset your PIN, set recurring payments, and rename saved beneficiaries, all from your Carbon app.

Safe and secure banking
Deposits are NDIC-insured. Carbon Microfinance Bank is licensed and regulated by the Central Bank of Nigeria (RC: 1642222).

Carbon products include:
. Carbon savings
. Carbon loans
. Carbon Zero
. Carbon debit cards (#PinkPassport)

Join over 5 million customers who trust Carbon to save, spend and manage their money on the go. Start banking with Carbon today.

Version History Bug Fixes 5.3.4 17h ago * Improved Location: Fixed issues where location checks could hang or block loan applications.
* Enhanced Security: Added protection against unauthorized screenshots and screen recordings.
* Better Connectivity: Fewer timeouts when switching between WiFi and mobile data.
* Stability: Bug fixes and performance improvements for a faster experience.

Update now for a safer and more reliable experience. Thanks for choosing Carbon MFB! 5.3.3 Sep 29 What's New?

Smarter recipient bank detection: Bank and phone-number recipient detection now uses a centralized backend service, providing ranked bank suggestions without requiring an app update for future detection improvements.

Clearer daily sending limits: Daily limit information is now available across transfer, contact, and beneficiary journeys, with usage progress, KYC-aware upgrade paths, and clearer validation messages.

Safer bill payment shortcuts: Recent bill-payment shortcuts now prevent duplicate payee entries from routing customers to the wrong payment details.

Improved savings validation: Savings-plan creation now checks minimum amounts and wallet balance earlier, with clearer guidance when additional funding is required.

More reliable transfer decisions: Bank transfer success-rate indicators help customers identify banks with lower recent transfer success rates before selecting an institution.

Cleaner product navigation: The deprecated Bank entry point under Cards & Banks and Carbon Zero from post-transaction recommendations have been removed using controlled app behavior.

Better payment analytics: Savings Proceed events and payment-failure details now provide more useful insight into customer journeys and failed transactions.

Update now for a smoother and more reliable experience. Thanks for choosing Carbon MFB! 5.3.2 Sep 23 Get a smoother app experience and improved account navigation.

Improved BVN Verification: Clearer guidance for BVN mismatches, helping you resolve issues faster.

Seamless Navigation: Easier access to key account features.

Improvements: Enhanced login responsiveness, address verification, smaller-screen layouts, and overall app stability.

Update now for a smoother and more reliable experience. Thanks for choosing Carbon MFB! 5.3.1 Sep 9 Get: More control over your loan offers and a more accurate view of your loans.
Improvements: Update your employment status and monthly income every 3 months.
Ready to bank safer? Update now for a more secure and seamless experience! Thanks for choosing Carbon MFB! 5.3.0 Aug 18 Bug fixes and improvements 5.2.5 Aug 13 Bug fixes. 5.2.4 Aug 11 Get: Smoother transfers, clearer error messages, and no more hassle when you reinstall the app.

Improvements: Multiple Transfer remarks, duplicate beneficiary handling, device recognition on reinstall, plus general stability enhancements.

Ready to bank safer? Update now for a more secure and seamless experience! Thanks for choosing Carbon MFB! 5.2.3 Aug 5 Get stronger account security, improved address verification, and a smoother app experience.

WHAT’S NEW?

Improved Home Screen: We've added a quick-access Credit Report tile for easier access to your credit insights.

Improvements: Security & Stability Enhancements (improved meter number validation).

Ready to bank safer? Update now for a more secure and seamless experience! Thanks for choosing Carbon MFB! 5.2.2 Jul 31 WHAT’S NEW?

New Account Limit Update – A new compliance experience has been introduced for customers using a new or unrecognised device.

Improvements: Security & Stability Enhancements (Lending experience enhancements, and general bug fixes).

Ready for a better experience? Update now for a more secure and seamless app! Thanks for choosing Carbon MFB! 5.2.0 Jul 9 Bug Fixes 5.1.3 Jul 1 Get a more secure and personalized app experience.

WHAT’S NEW?

Self-Service Profile Update – You can now update your BVN details directly from the app for a more seamless verification process.

Improvements: Security & Stability Enhancements ( Improved address verification flows, and general bug fixes).

Ready for a better experience? Update now for a more secure and seamless app! Thanks for choosing Carbon MFB! 5.1.2 Jun 25 Bug Fixes 5.1.1 Jun 16 Get: Stronger account security and a smoother app experience.

WHAT’S NEW?

Multiple Transfers -You can now send money to multiple people at once

Letter of Non-Indebtedness -You can now request directly from the app

Improvements: Security & Stability Enhancements (improved address verification, improved transfers, clearer error messages, and general bug fixes).

Ready to bank safer? Update now for a more secure and seamless experience! Thanks for choosing Carbon MFB! 5.1.0 Jun 8 Get: Stronger account security, smarter PIN management, and a smoother app experience.

NEW: Separate Login & Transaction PINs! Your account now has two dedicated PINs — one to access the app, one to authorise payments. Safer, clearer, and more in your control than ever.

Improvements: Security & Stability Enhancements (Smoother device verification, updated account limits view, clearer login error messages, and general bug fixes).

Ready to bank safer? Update now for a more secure and seamless experience! Thanks for choosing Carbon MFB! 5.0.0 Apr 17 Get Smarter loans, faster transfers, and more discoverable savings.

NEW:
Always-On Credit shows your loan eligibility instantly.
Savings Homescreen displays all products and balances upfront.
one-tap narration suggestions make transfers effortless.

Improvements:
Optimized app launch times, independent balance hiding for each card, and full SwiftUI compatibility for a smoother, more stable experience. 4.1.1 Mar 25 Get: Smarter loans, faster onboarding, redesigned dashboard, and a smoother app experience.

NEW: Redesigned Homescreen Dashboard! Everything you need at a glance, Smarter, faster, clearer, and more intuitive than ever.

Improvements: Performance Enhancements (Faster loading, improved stability, smarter loan flows, streamlined onboarding, and general optimizations).

Ready to unlock more? Update now for a faster and smoother banking experience! Thanks for choosing Carbon MFB! 4.1.0 Feb 10 Stamp duty update 4.0.8 Jan 22 Get: Faster signup, flexible savings, smarter loans, and a smoother app experience.

Improvements: Performance Enhancements (Optimized onboarding, better stability, general optimisations).

Ready to unlock more? Update your app now to get an improved workflow, and a smoother experience. Thanks for choosing Carbon MFB! 4.0.7 12/17/2025 Bug fixes 4.0.6 12/10/2025 Bug fixes. 4.0.5 11/17/2025 Get: Faster signup, flexible savings, smarter loans, and a smoother app experience.

New Features: 
- Savings-Backed Loans: Use your savings balance to qualify for a satisfactory loan amount.
- Loan UI Update: Enjoy a simpler, more intuitive loan application process!

Improvements: Performance Enhancements—optimized onboarding and general stability updates.

Update your app now to access the new features, experience the improved flow, and a smoother experience. 

Thanks for choosing Carbon MFB! 4.0.4 11/03/2025 Bug Fixes 4.0.3 10/14/2025 Bug fixes for investment accounts 4.0.2 09/30/2025 Enjoy Faster signup, flexible savings, smarter loans, and a smoother app experience.

New Features

CashVault Upfront Interest – Earn full interest upfront as soon as you lock funds.
FlexSave Partial Liquidation – Withdraw only what you need while the rest keeps earning.
Smart Banners – Personalized offers, tips, and reminders after transactions.
Loan Offers Redesign – Cleaner scrollable list with clearer messaging.

Improvements

Savings overview redesigned for easier comparison.
Smarter prompts for NIN/BVN, better address validation, and real-time KYC limit checks.
Clearer stamp duty receipts and improved CTAs for first-time users.
Upgraded identity verification and phone number verification process.
Fixes for saved payment deletions plus overall performance and stability boosts.
Correct transaction type display for online card transactions

Update now for faster sign-up, more flexible savings, and a smoother experience. 
Thanks for choosing Carbon MFB! 4.0.1 09/25/2025