Carbon: How to Build a Digital Bank That Makes Money[S2, Ep5].

From giving loans to Nigerians at a low-interest rate to building a digital bank that offers free transfers, this episode tears down another Fintech company - Carbon. Yemi is joined by the CEO & Co-founder of Carbon; Chijioke Dozie to share the story so far. Chijioke shares his thought on Fintech, how Carbon evolved over the years, how they acquire/retain customers, and how they make money from offering financial services. Follow @teardownpodcast on Twitter to be the first to know about our new episodes and updates. If you would like to get all the insider’s gist first, subscribe to our newsletter here: [africanstartupteardownpod.substack.com](http://africanstartupteardownpod.substack.com/) Please leave a 5-star review, comment, share, and like whenever you listen. We want to hear from you and appreciate your feedback. Better ratings mean more people get to listen to the show, and it helps us grow. Timestamp 00:00 - 01:24 -  Intro 01:25 - 10:47 - How Carbon evolved over the years 10:48 - 13:59 - Carbon products and revenue 14:00 - 16:56 - How customers think about fees  16:57 - 19:02 - Carbon transaction numbers and revenue  19:03 - 28:31 - The boom of digital banks 28:32 - 47:23 - Economics of a Carbon user 47:24 - 49:07 - Key metrics for Carbon 49:08 - 52:23 - Lessons learned from building Carbon 52:23 - 55:49 - The future of Carbon 55:49 - 57:00 -  Final words/Outro