Lendsqr and HyperVerge partner to thwart loan fraudsters in Africa
Since the advent of digital lending, the time it takes to get loans has reduced from days to sometimes seconds. Unfortunately, it has also made it easier for fraudsters to use stolen identities to take loans. This has given rise to the use of globally recognized methods such as liveness checks with facial recognition, which can easily identify and verify customers instantly.
How to use Lendsqr to build your BNPL app
To build your BNPL app, first decide what kind of BNPL service you want to offer. Then, you need to set up as a lender on Lendsqr.
Hurdles to scale to become a lender
Becoming a lender is full of promise, but the road to scale is anything but simple. From compliance demands to data limitations, operational gaps, and the constant pressure to maintain healthy portfolios, new lenders face challenges that can quickly stall growth. Understanding these hurdles is the first step to building a lending business that is sustainable, competitive, and built to last.