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Author: Mayo Deji Omotayo

Urgent10k: Meeting the emergency cash needs of Nigerians

Understanding the consumer credit landscape in Nigeria Nigeria’s untapped consumer credit needs currently stands at about N109 trillion. While individuals and MSMEs in certain more developed economies are able to turn to the banks to fulfill their credit needs, the reality …
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Mayo Deji Omotayo
Mayo Deji Omotayo
  • September 27, 2022
Blog cover: how Urgent10k is meeting Nigerian's emergency cash needs

FCCPC regulations for digital lenders

The Federal Competition and Consumer Protection Commission (FCCPC); the regulatory agency responsible for ensuring consumer protection and regulating competition in Nigeria, recently released a Limited Interim Regulatory/Registration Framework for Digital Lending. This regulatory framework is enforceable whilst they work on a …
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Mayo Deji Omotayo
Mayo Deji Omotayo
  • September 19, 2022

How to design a customer centric lending product

The importance of having your products suited to the needs of customers is often understated. A good product is one which fits/ addresses specific needs of the market. It’s almost impossible to gain market share or domination without tailoring one’s offerings …
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Mayo Deji Omotayo
Mayo Deji Omotayo
  • September 5, 2022
Lendsqr blog cover title: how to design a customer centric lending product

What do borrowers want from lenders?

It’s a widely spread belief amongst lenders that handing over cash or processing loans faster is all that borrowers want. Unfortunately, lending is more nuanced than this. To have a deeper understanding into what drives Nigerians towards one lender or the …
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Mayo Deji Omotayo
Mayo Deji Omotayo
  • August 29, 2022
Blog cover title: what do borrowers want from lenders

Why you should digitize your Ajo lending business

Savings and investment have been an integral part of our local community from pre-colonial times. This largely due to the communal nature of the African community – we naturally tend to look out for each other, even where finances are concerned. …
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Mayo Deji Omotayo
Mayo Deji Omotayo
  • August 23, 2022
Why you should digitize your Ajo lending business

Drafting a strategy for your lending business

The business strategy is the foundation of every business, it provides guidance to what the organization is set-up to achieve. The first step towards building a strong lending business, with long-term sustainable growth is having a clearly defined strategy. In simple …
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Mayo Deji Omotayo
Mayo Deji Omotayo
  • August 11, 2022
Drafting a strategy for your lending business

Expand your lending business with customer incentives

Human psychology indicates that human beings make purchase decisions based on emotions which are subsequently justified by rational suggestions. According to Simon Sinek, it’s easier to sell a product that’s emotionally charged. This is where incentives come in. Humans as consumers …
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Mayo Deji Omotayo
Mayo Deji Omotayo
  • August 9, 2022
Lendsqr blog cover: expand your lending business with customer incentives

Author: Mayo Deji Omotayo

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Lendsqr.com is a property of Lending Technologies Limited, duly registered on November 7, 2018, with RC 1539403 and operates under the laws of the Federal Republic of Nigeria. Lendsqr.com is NOT a lender, does not make offers for loans, and does not broker online loans to lenders or lending partners. Lendsqr.com is not a representative or agent of any lender or lending partner. Lendsqr.com is a lending-as-a-service cloud platform for licensed lenders. These disclosures are intended for informational purposes only and should not be construed as or considered legal advice.