Carbon Strengthens Digital Banking for Nigerian SMEs With Vella Finance Buyout
Tech In Africa | Sylvia Duruson - Feb 19, 2024
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AIVella FinanceCarbonNigeriaSMEs
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  • Carbon acquires Vella Finance to expand financial services for SMEs.
  • Vella Finance offers comprehensive solutions for cross-border payments, bookkeeping, invoicing, and business loans.
  • Carbon is launching a dedicated AI-based platform for SME banking.
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The acquisition of Vella Finance by Carbon is a strategic move that allows Carbon to expand its financial services for SMEs. With Vella's expertise in SME infrastructure and AI-powered insights, Carbon can provide advanced yet accessible products to SMEs. This aligns with Carbon's goal of revolutionizing finance through technology and creating a one-stop digital finance hub for underserved Nigerians.
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