carrottechlab

Building the technology powering Africa's financial future.
Payments • Embedded Finance • AI

[carrottechlab @CarrotTechLab]

Three problems. Three pathways. Why Carrot Tech Lab exists

A THREAD 🧵

[carrottechlab @CarrotTechLab]

African fintech is growing faster than the global average.

"Early" doesn't mean small. It means most of the rails that'll carry that growth haven't been laid yet, which is exactly where we've chosen to build

[carrottechlab @CarrotTechLab]

Three pathways, One team, built in Lagos and Nairobi. Follow along, We'll be showing our work.

[carrottechlab @CarrotTechLab]

Three problems. Three pathways. Why Carrot Tech Lab exists

A THREAD 🧵

[carrottechlab @CarrotTechLab]

Problem 3— The merchant gap. Sub-Sahara Africa has 44M+ formal small businesses. Half can't access the finance they need.

Our answer: Shoplite. Not a payment feature, a full retail layer. Scan and pay in 90 seconds, scan, pay and deliver or shop from home.

[carrottechlab @CarrotTechLab]

Africa doesn't need more fintech apps.

It needs better infrastructure.

Infrastructure that makes payments faster.
Infrastructure that makes financial products easier to build.
Infrastructure that makes businesses smarter.

That's what we're building at Carrot.

[carrottechlab @CarrotTechLab]

@theflutterwave This is insightful

[carrottechlab @CarrotTechLab]

@getpocketapp 😂

[carrottechlab @CarrotTechLab]

Africa doesn't need more fintech apps.

It needs better infrastructure.

Infrastructure that makes payments faster.
Infrastructure that makes financial products easier to build.
Infrastructure that makes businesses smarter.

That's what we're building at Carrot.