PayLater (NG) Goes Carbon

PayLater, a fintech app that provides micro-loans to users, has rebranded! The app now goes by the new name Carbon. PayLater is owned by One Credit, a pioneering consumer lending business that started off in 2011 by providing loans to salary earners only, and only via a network of sales agents. One Credit went on to launch PayLater, in 2016, a fintech solution that provides users with instant micro-loans, with no collateral, disrupting the sector. Today, PayLater provides its users with a plethora of services, including a wallet, bill payments, sending/ receiving money, airtime purchases, free credit reports, investment and personal finance management etc. According to the company, the decision to rebrand as Carbon reflects the companies intention to go everywhere with their customers and become an integral part of their customers daily life through the products and services they provide, because Carbon, is essential for life as we know it and all organic compounds contain carbon. The managements decision to rebrand is a natural result of their revolution from a lending business to a full fledged digital platform and the desire to have an identity that positions the business for growth, change and continued success. Following their new brand, Carbon will be introducing new features like a virtual credit card, health and insurance plans etc. In March, the company introduced Bloom, an online support product for women in business. An update to the PayLater app that reflects the new brand Carbon is now available on app stores.

#FinTech #Nigeria #Microloans #App #MobileMoney