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.

How we are using AI and ChatGPT to transform our internal support
Company

How we are using AI and ChatGPT to transform our internal support

We loaded all our existing knowledge base into our internal ChatGPT support system and the results were impressive!

3 alternative data to credit report for enhancing underwriting quality
Growth marketing

3 alternative data to credit report for enhancing underwriting quality

Smart lenders must incorporate alternative data sources to improve underwriting and make more informed lending decisions.

7 reasons why most lenders fail within a year 
Growth marketing

7 reasons why most lenders fail within a year 

Even the tech industry giants owe much of their success to the backing of lenders and bankers. However, despite its potential for high returns, many lenders still face challenges and fail.

3 best React Native alternatives for building mobile loan apps 
Engineering

3 best React Native alternatives for building mobile loan apps 

In the world of mobile app development, there are many ways to skin a cat, and React Native is one of them.

What is loan fraud and red flags to spot fraudulent borrowers
FAQs

What is loan fraud and red flags to spot fraudulent borrowers

Lending comes with its risks, and adding technology into the mix can make things even trickier. Loan fraud, in particular, has gotten pretty sophisticated, so lenders need to stay alert and watch out for common scams and sneaky tactics.

What are lending APIs and how do you get them?
Engineering

What are lending APIs and how do you get them?

Lending APIs are specialised APIs within the financial system designed specifically for lenders, who use them in part or in whole to decide loan approvals, onboard new borrowers, disburse loans, and collect repayments.

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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Common mistakes lenders make when choosing a business model
Information

Common mistakes lenders make when choosing a business model

The secret weapon of any thriving lending business is a smart business model. Unfortunately, lenders make mistakes when choosing one.

How Artificial Intelligence (AI) can transform lending
Industry Information

How Artificial Intelligence (AI) can transform lending

It’s lending’s turn to experience this breakthrough, with companies like Lendsqr leading the charge. So, how will AI transform lending? Let's explore three key ways:

Why we built our lenders’ web app and how it has changed lending forever
Company

Why we built our lenders’ web app and how it has changed lending forever

“It’s going to change lending forever and we’re not ashamed to say we will be the ones to do that.” Adedeji Olowe, Founder, Lendsqr

What is on-lending and how does it work?
FAQs

What is on-lending and how does it work?

While there are several ways to finance a lending business, on-lending remains one of the most underutilized methods, likely due to a lack of information.

5 key qualities borrowers look for in a lender
Growth marketing

5 key qualities borrowers look for in a lender

While countless articles detail what lenders want in a borrower, we've flipped the script to highlight what borrowers look for in a lender. So, what qualities convince a borrower that a lender is the right choice?

Finance house vs. Microfinance: A comparative overview of digital lending license
Information

Finance house vs. Microfinance: A comparative overview of digital lending license

To operate a lending business in Nigeria, you must get a license. Figuring out which license suits your needs can be tricky. So, it's necessary to understand what each license allows and doesn't allow.