Boluwatife Aiki-Raji (Carrot Credit)
Overview
Boluwatife Aiki-Raji is a prominent Nigerian entrepreneur and the founder and CEO of Carrot Credit, a fintech company that offers collateralized loans using digital investments as security. Founded in 2023, Carrot Credit has rapidly gained traction in the African fintech landscape by providing an innovative credit solution that allows individuals to borrow against their investment portfolios without selling them. The company's approach to lending is based on the premise that investments in stocks, bonds, and cryptocurrencies represent untapped value that can be leveraged as collateral.
Recent Developments
In recent years, Boluwatife Aiki-Raji and Carrot Credit have made significant strides:
- May 2025: Carrot Credit raised $4.2 million in a seed funding round led by MaC Venture Capital, with participation from Authentic Ventures. This funding is aimed at expanding Carrot's platform across Africa, enhancing product development, and deepening integrations with digital investment platforms. (Source)
- 2024: During a quieter year in terms of public business activities, Carrot focused on refining its technology and building strategic partnerships to prepare for a scale-up phase.
- 2023-2025: Since its inception, Carrot Credit has processed over $2 million in loans and served more than 10,000 users. The platform offers competitive interest rates and flexible repayment terms, which have contributed to its rapid adoption among young, digitally-savvy African investors. (Source)
- The model of using digital investments as collateral leverages API integrations to secure a lien on assets while allowing users to maintain ownership. This has positioned Carrot as a leader in asset-backed lending within Nigeria.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Boluwatife Aiki-Raji |
| Born | Not publicly available |
| Nationality | Nigerian |
| Occupation | Entrepreneur, CEO of Carrot Credit |
| Known For | Founding Carrot Credit |
| Net Worth | Not publicly disclosed |
| Education | Howard University |
- Languages: English, Yoruba (bilingual proficiency)
- Previous roles include positions at Twitter and other tech companies. (LinkedIn Profile)
Early Life and Education
Boluwatife Aiki-Raji was born in Nigeria and spent his formative years surrounded by a culture of innovation and technology. He attended Olashore International School before taking a gap year, followed by his tertiary education at Howard University in the United States, where he studied between 2013 and 2017. While at Howard, Aiki-Raji was active in various student organizations focused on technology and entrepreneurship. His participation in programs like Knights Fraternity Inc. and Metro Teen Aids reflects a commitment to social service and community involvement. The combination of a solid educational background in technology and an entrepreneurial spirit laid the groundwork for his eventual venture into the fintech industry with Carrot Credit.
Career and Notable Achievements
Boluwatife Aiki-Raji's professional journey is marked by diverse roles within the tech industry, culminating in the founding of Carrot Credit in 2023:
- Early Career: Before starting Carrot, Aiki-Raji held positions with major tech firms such as Twitter, where he gained valuable insights into digital technologies and business operations. His experiences there helped him identify market gaps and opportunities in fintech.
- Carrot Credit: The establishment of Carrot Credit marked a significant milestone. The fintech leverages digital investments as collateral to offer innovative loan products, setting a new standard in Nigeria's financial sector. Notably:
- It provides loans by assessing the value of users' investment portfolios, thus bypassing traditional credit scoring systems.
- It has garnered investments from notable venture capital firms and has processed significant loan volumes within a short span of operations.
Current Work and Impact
As of 2025, Boluwatife Aiki-Raji focuses on steering Carrot Credit towards expanding its services across Africa. The impact of his work is evident in Carrot’s growing user base and its model’s adaptability to local finance ecosystems. Carrot's approach allows digital investors to utilize their portfolios as collateral, which democratizes access to credit for individuals often underserved by traditional finance systems. Aiki-Raji's vision is to make credit more inclusive and rooted in the burgeoning digital economy of Africa.
Conclusion
Boluwatife Aiki-Raji stands out as a transformative figure in African fintech, with his leadership propelling Carrot Credit to the forefront of innovation in digital asset-backed lending. His contributions are significant in reshaping credit access across Africa, aiming to bridge gaps in financial inclusion. As digital investments continue to grow in popularity across the continent, Aiki-Raji's work at Carrot Credit is poised to leave a lasting legacy in making credit accessible and affordable.