We built Kolo to help you tame your bank accounts
Company

We built Kolo to help you tame your bank accounts

The average Nigerian today has about three bank accounts, and most often than not, being able to see all bank balances across means juggling through bank apps, SMS alerts, email notifications. And when things go really bad, you start digging through pages of bank statements. Yet, even with these, it’s difficult to find everything. It’s […]

How we dumped SendGrid, built Mailer and solved our email delivery troubles
Company

How we dumped SendGrid, built Mailer and solved our email delivery troubles

When we started Lendsqr, like every right thinking startup, we relied on SendGrid, which is well-regarded as one of the top email systems globally. While it served us well, as we grew, we found it didn't fully meet all our needs and those of our lenders anymore. After weighing the pros and cons, we knew it was time to find an alternative. So, we began building what the world would soon know as Mailer.

Legal compliance pitfalls lenders must avoid in Nigeria
Industry Information

Legal compliance pitfalls lenders must avoid in Nigeria

Gone are the days of loan-sharking tactics in Nigeria's modern, regulated lending ecosystem. Lenders who hope to make a lasting impact and withstand the hurdles in this space must be prepared to toe the line of honest, legal and ethical lending. Else, they risk being booted out of the ecosystem.  Stay out of trouble with these 10 legal compliance areas.

6 features in your loan app that chases borrowers away
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6 features in your loan app that chases borrowers away

Let's explore these potential red flags and how to ensure your loan app attracts, rather than repels, the very customers it aims to serve.

How to use Monnify with Lendsqr for loan repayments
FAQs

How to use Monnify with Lendsqr for loan repayments

What distinguishes Monnify from other payment service providers is its dedicated support for merchants within Nigeria

What is debt forgiveness and how does it work?
Industry Information

What is debt forgiveness and how does it work?

If you reside in a country where debt forgiveness programs exist and are struggling to cover debt payments or feel like you’ll never be able to pay everything off, you might consider debt forgiveness an option.

What is rent reporting and why is it important in Nigeria?
Industry Information

What is rent reporting and why is it important in Nigeria?

Many people who don’t have much credit history do have a history of paying rent on time. But that information doesn't show up on their credit reports or help their credit scores. However, with rent reporting, everything changes.

The punishments and disadvantages of having a bad credit score
FAQs

The punishments and disadvantages of having a bad credit score

A bad credit score could be a hidden burden, making it harder to get the things you need financially and leading to unexpected problems.

What to consider when setting up a payday loan software
How to

What to consider when setting up a payday loan software

Payday loans are short-term loans that help borrowers bridge the gap between paychecks. Essentially, a Payday loan is any loan that’s tied to a salary date. Now, let’s take a look at some things to consider when setting up payday loan software

Make Better Informed Decisions

Our decision model Oraculi helps you handle all modules required to form the decision model for your lending business, convenient and easy.

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Where and how to get an urgent 5,000 naira loan in Nigeria
How to

Where and how to get an urgent 5,000 naira loan in Nigeria

With loan apps, you can get the money you need deposited straight into your bank account, in just a few minutes after they approve your loan.

Why and how to migrate from Loandisk to Lendsqr
How to

Why and how to migrate from Loandisk to Lendsqr

For whatever reason you decide to migrate from Loandisk to Lendsqr, rest assured that the grass is greener on this side.

How to secure a loan without collateral
How to

How to secure a loan without collateral

All over the world, loans are frequently tied to the risk of losing personal items, known as collateral. However, what isn’t commonly known is that not all loans require collateral. While this benefits borrowers, it raises the question: how do lenders handle such risky loans?

Essential loan pricing strategies for every lender
Industry Information

Essential loan pricing strategies for every lender

Loan pricing is deciding how much interest to charge on a loan. In this article, we'll look at some factors influencing loan pricing and discuss different strategies for setting loan prices.

BVN is great, but here are 5 ways CBN can make it better
Industry Information

BVN is great, but here are 5 ways CBN can make it better

Creating BVN was a commendable first step, but if it doesn’t evolve with technology, it risks becoming  more bureaucratic than valuable.

The 3 best Google ads alternatives for promoting loan apps
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The 3 best Google ads alternatives for promoting loan apps

In this article, we’ll list some of the best alternatives to Google Ads, explain what they offer, and show you how to use them to boost your lending business.