Frequently asked questions on starting a lending business in Nigeria
Industry Information

Frequently asked questions on starting a lending business in Nigeria

Starting a lending business in Nigeria offers big opportunities, but many founders struggle with regulations, setup steps, and risk management. This FAQ-style guide answers the most common questions, from licensing and CAC registration to choosing a lending model and handling collections, so you can launch your lending business with confidence.

Lendsqr and HyperVerge partner to thwart loan fraudsters in Africa
How to

Lendsqr and HyperVerge partner to thwart loan fraudsters in Africa

At least 6% of loan applications to digital lenders contain identity fraud. 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 […]

The hidden costs of cheap lending software
Lender information

The hidden costs of cheap lending software

What many lenders discover later is that “cheap” often means paying the same money in other ways, only with more stress involved.