Are lenders evil for charging high interest rates?
Lending

Are lenders evil for charging high interest rates?

The average lender today typically charges 4% — 10% per month (48% — 120% per year). Whoa. It makes you wonder how they recover loans at these rates. At first glance, it seems outrageous, even exploitative but there’s more to the story when you consider the risks and costs lenders face in Nigeria’s financial landscape.

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:

The 4 best Monnify alternatives for virtual accounts
How to

The 4 best Monnify alternatives for virtual accounts

Even with Monnify’s solid reputation, you may have specific business needs, pricing differences or want specific features so your business might benefit from exploring other options.