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.

7 strategies to avoid SME loan defaults as a Nigerian Lender
How to

7 strategies to avoid SME loan defaults as a Nigerian Lender

While SMEs are generally considered low-risk borrowers, given the ease of verifying their operations through cash flow assessments, on-ground assessments and more. Lending to them is not without its challenges. We’ve done the grunt work for you. Learn the strategies to avoid SME loan defaults as a Nigerian lender.

How to use Remita for your loan repayments on Lendsqr
Finance

How to use Remita for your loan repayments on Lendsqr

As a digital money lender, you want to make getting paid a breeze for you and your customers. Direct debit is one of the best ways to get repaid. In Nigeria today, Remita happens to be one of the leading direct debit providers.

How to use Paystack for your loan repayments on Lendsqr
Finance

How to use Paystack for your loan repayments on Lendsqr

As a digital money lender, you need different technologies to ensure you get paid back. Lendsqr has done a fantastic job of making all these technologies available to you. Paystack happens to be one of the companies we’ve integrated with and is available to all our lenders.

How to restructure loans and work with struggling borrowers
How to

How to restructure loans and work with struggling borrowers

Loan restructuring is a common aspect of being a money lender. Borrowers, with sincere intentions to repay, often face hurdles such as economic shifts, unexpected emergencies, and other unforeseen circumstances. So, here are the ways you can help restructure loans for these borrowers.

How to find a profitable lending niche and target the right borrowers
How to

How to find a profitable lending niche and target the right borrowers

As a loan business owner looking to succeed, scale and stand out in the lending ecosystem, you must recognize that you can’t lend to everyone. We’ve highlighted several ways to target the right borrowers and find a profitable niche. 

4 alternative lending channels to reach underserved borrowers
Information

4 alternative lending channels to reach underserved borrowers

Most African countries need easier access to credit. While there has been substantial progress over the past decade, access to finance remains a daunting constraint in Africa. So, how do we connect with these underserved populations and bring credit closer to them?

7 must-have features in your loan management software for enhanced business performance
Information

7 must-have features in your loan management software for enhanced business performance

Lending without technology is a step backwards which can adversely impact your profitability. To navigate the complexities of lending, having the right loan management software is indispensable.

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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Collect smarter, not harder: Ethical debt collection with technology
How to

Collect smarter, not harder: Ethical debt collection with technology

As a digital lender, how can technology be ethically employed for effective debt recovery? To find out how...

Can I use a cooperative license to lend in Nigeria?
FAQs

Can I use a cooperative license to lend in Nigeria?

One question that prospective Nigerian lenders always ask is if it’s legal to use a cooperative license to lend. Yes, it is.

Categories of low-risk borrowers lenders should target
Information

Categories of low-risk borrowers lenders should target

Saying, “I don't want high-risk borrowers,” is one thing; articulating the low-risk customers you seek is another. We have done the grunt work of identifying and categorizing traditionally low-risk borrowers.