💡 Your customers can now choose how they want to fund their savings 🆖
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💡 Your customers can now choose how they want to fund their savings 🆖
Last updated June 10, 2025
Theresa Sunday
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Hello there! 👋
Happy new month and welcome to June!
Can you believe we’re already at the halfway mark of 2025? With just one month left in Q2, it’s the perfect time to evaluate the year and reprioritize if required.
Remember the goals you set at the start of the year? How are they coming along? How many of them have you checked off the list? If you need a little push, consider this your friendly nudge. 🚀
As always, we’re here to support you with the tools, updates, and insights you need to finish the quarter strong and take your lending business to new heights.
Let’s dive in! 💪
What’s New
💡 Your customers can now choose how they want to fund their savings 🆖
Ever had a customer say, “Can I top up my savings with a transfer to my virtual account instead of a card?” Now, the answer is a big YES!. You can now let customers fund their savings and investments using cards, direct debit, or manual transfers, using whatever works best for them. So whether it’s someone who prefers a quick bank transfer or another who trusts their card more, your savings product now adapts to their needs. Just head over to the savings product setup page and select your hybrid as your preferred funding method.
📝 Recording payments collected on a loan outside of Lendsqr now easier
Imagine a borrower walks into your office and hands you a cheque or says they just transferred their repayment to your personal account with a receipt in hand. Or you sold collateral on a bad loan and you want to update the repayments with the value. Before now, you had to locate the loan and manually update the loan schedule to match the payment made to avoid the system from over-debiting them and to update their loan record.
Now? You can just head over to the loan and log the payment manually and the system will automatically update the loan records. Whether it came in via transfer, cash, or something else, you can record it with ease. This helps your loan book stay tidy and up to date, no matter where the money comes from
I can’t count the number of times when a random blog post has saved a tech bro in solving an API problem. Countless humans writing on the internet are the champions of the modern economy.
This is why Adjutor, our powerful suite of APIs that helps lenders build and scale credit products, now has a dedicated blog! 🎉 This new space will house product updates, use cases, and stories to help you get the most out of Adjutor. If you’re building with our APIs (or thinking about it), this is one corner of the internet you’ll want to bookmark.
Remember the last time you had to set up a new loan product? That feeling of clicking around, trying to figure out where everything was, yeah, we’ve been there too. That’s why we rolled up our sleeves and reimagined the whole process just for you.
Now, creating and managing loan products is smoother and way more intuitive. Whether you’re tweaking tenors, setting interest rates, or choosing repayment methods, the new interface guides you step-by-step like a helpful friend. No more hunting for options or getting stuck mid-way. It’s faster, clearer, and just makes sense.
If it’s been a while since you last set up a product, now’s the perfect time to jump back in and feel the difference yourself. We think you’re going to love how easy it is.
You asked for more flexibility, and we heard you. You can now set tenors in yearly and quarterly formats, in addition to the usual days, weeks, and months. This update makes it easier to cater to a wider range of customers and tailor your products to long-term needs.
What’s Better?
🖥️ A smoother experience with savings on the web app
We’ve made some much-needed updates to how users interact with savings on your web app, and the result is a cleaner, faster, and more user-friendly experience. Whether they’re topping up, withdrawing, or editing a savings plan, the interface now feels more natural and less confusing. It’s all about reducing friction and making sure your customers stay engaged with their savings goals.
📩Failed withdrawal alerts when your disbursement balance is low
Sometimes customers try to withdraw funds, but the request fails because your disbursement wallet doesn’t have enough balance. Now, instead of finding out late (or not at all), you’ll get an automatic email notification the moment this happens. This way, you can quickly top up and avoid frustrating your users or delaying withdrawals.
⚡ Instantly trigger debits on Lendsqr DD mandates
Need to collect funds immediately? We’ve added the ability to trigger a debit action directly on a Lendsqr direct debit mandate from your admin console. This means you don’t have to wait for automatic collections to kick in, you can act when you need to, especially for urgent loan repayments.
We’ve made it easier to configure how equity works in your loan products.
You can now decide: – Whether interest should be applied on the requested loan amount or on the balance after equity is deducted. – When equity gets debited, either during loan application or after approval.
This gives you tighter control over how equity is managed in your loan products, helping you better match your risk model and cash flow preferences.
Ever wonder how many customers start loan applications but don’t finish? Now you can find out. We’ve added a section on the loan requests page that shows all abandoned applications. You’ll find it under the “More” tab. This insight helps you understand where users drop off, follow up where needed, and improve the overall loan application journey.
🍲 Fund a user’s savings right from the admin console
Sometimes your customers need a little nudge or a top-up. We’re working on a feature that lets you fund a customer’s savings account directly from the admin console. Whether it’s for a promo, reward, or operational need, this gives you more flexibility and control over customer wallets without needing them to lift a finger.
🔍 Run credit bureau checks on your own (coming soon!)
You’ve probably been here before: a promising customer is applying for a loan, but to run a credit check, you have to log into a completely different platform, or worse, wait on someone else to do it for you. It slows everything down and adds friction to your workflow.
But soon, all that changes. You’ll be able to run credit checks directly from your admin console. Just pick the customer, hit the button, and get the report. No middlemen, no platform hopping. It’s fast, reliable, and puts you in control of making smarter, data-backed decisions in real time.
🧠 Use AI to analyze customers’ bank statements
Remember those late nights trying to make sense of pages of bank statements, hunting for clues about a customer’s income? What if you had a trusted assistant who never sleeps, who can instantly spot patterns, highlight risks, and score income stability? That’s exactly what this AI-powered tool will do for you. It’ll be like having your own personal credit analyst built into your dashboard, saving you time and helping you lend with confidence.
For more information about these features and updates, view our changelog or to schedule a consultation on navigating them, please reach out to us at growth@lendsqr.com and we’ll be more than happy to help. Remember, your satisfaction fuels our commitment to excellence.
If you’re a non-profit or development finance institution (DFI), it should be easier to run a lending program if you're already doing the hard part of reaching people most others won’t.
So what is Lendsqr, and how does it work? What makes Lendsqr the go-to platform for lending? Explore its key features and how they can help you build a thriving loan business.
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.
