How to get a lending license in South Africa
What started as a tiny tuck shop selling ice-cold drinks for Khaya soon evolved into something much bigger. However, it wasn’t long before customers, in between chatting about football and weekend plans, began to ask for small loans — a few rands here, a couple there, just enough to cover groceries or pay school fees. […]
Why Lendsqr is Africa’s most affordable loan management software
The end-to-end loan management software that’s rewriting the rules for lenders globally by offering enterprise-grade features without the enterprise-grade costs.
Best loan management software in South Africa: Lendsqr vs. ACPAS
While both ACPAS and Lendsqr provide loan technology, they offer unique features to meet lenders' needs. But which one is right for you?
How to get started as a lender in South Africa
Thabo noticed a troubling pattern in his community. People were stuck in a relentless cycle of debt, borrowing from mashonisas (Local name for unregistered lenders) ) at crippling interest rates. Despite their sky-high fees, the residents had little choice. Formal credit options were scarce, and when cash ran low, shady lenders seemed to be the […]
How Lendsqr’s AI Agent empowers lenders: A case study
Earlier this year, Lendsqr set out to test how well a generative AI could support its internal teams. Using OpenAI’s custom GPT, they created a Lendian GPT specifically for their Product Support team, and it worked like a charm.
🇳🇬 Nigeria @64; Gaining financial Independence in financially uncertain times
Congratulations on making it to the final quarter of 2024 🎉 You’ve come a long way and you deserve to be celebrated. Not only are we celebrating a new month, but our beloved nation is also celebrating 64 years of Independence *cue the national anthem* 🫡 As we celebrate this milestone, it’s important to reflect […]
🎥 You can now request videos during loan applications
Hello, and Happy New Month! 🎉 Welcome to October! To our Nigerian lenders, we extend our warmest congratulations on celebrating Independence Day 🇳🇬. As we enter the final quarter of the year, it’s time to reflect on the goals you set for your lending business at the start of 2024. Whether you’ve met them or […]
We spoke to real lenders about the problems they’re facing in their business
Every day, thousands of Nigerian lenders wake up to face a market that’s equal parts promising and precarious. The nation’s vast population, entrepreneurial spirit, and rapidly growing SME sector make it an attractive ground for credit services. Over 40 million MSMEs account for nearly half of Nigeria’s GDP, and many of these businesses rely on […]
How to secure your Finance House license in Nigeria
Today, though, we’re diving into the nitty-gritty of how to get a Finance House license. Don’t worry. We’ll walk you through the steps and show you precisely what you need. But first, let’s do a quick refresher on what a Finance House license is all about.
5 things you need to do before you launch your loan app
You see, building an app is one thing. Launching it successfully? That’s an entirely different ballgame. Steve’s mistake? He rushed to market without setting up the right foundation. Today, we’ll help you avoid that mistake. If you’re thinking of launching a loan app, here are five things you absolutely must do first.
How to get your SMS sender ID as a lender in Nigeria
SMS stands out as one of the most universally accessible communication channels, capable of reaching even the most remote locations where internet connectivity is scarce or unreliable. SMS boasts significantly higher open and response rates compared to emails. Studies have shown that SMS open rates can reach as high as 98%, while email open rates […]
How to get your USSD code as a lender in Ghana
In Ghana, mobile phone usage is nearly universal, with a mobile penetration rate exceeding 113%, due to the widespread use of multiple SIM cards. This makes mobile devices a powerful tool for businesses, particularly lenders, looking to connect with potential customers. But, smartphone penetration remains uneven, especially in rural areas where many rely on basic […]
