Carrot
What it does
Carrot (Carrot Credit) was created to provide salary advance credit and micro-loans integrated directly into employee HR platforms. The company enables workers to access earned wages before scheduled paydays to cover emergency costs. It stands out by partnering with corporate employers for automated payroll deductions.
Consumer / retail lendingAsset financing / leasing
Known for
- Earned Wage Access (EWA) platform
- Employer-integrated salary advances
- Payroll credit automation
- Emergency micro-credit solutions
Model & industry
Lending-as-a-ServiceEmbedded FinanceAPI-as-a-ProductBanking & Financial Services
Funding history
$4.2M
Total raised
1
Rounds
Seed
Latest stage
2025
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2025-05 | Seed | $4.2M | MaC Venture Capital |
Source: Condia Funding Tracker