Build your own web and mobile apps with our core services API

Hello there! 👋

Happy new month and welcome to September!

We are just a month to the last quarter of the year. How time flies! As we look forward to the final quarter, we’re inspired by the words of Peter Drucker: “The best way to predict the future is to create it.” At Lendsqr, we are continuously committed to making lending seamless and reducing the credit gap by providing technology that empowers you to offer credit to underserved populations one country at a time. 

With this in mind, here’s what we have in store for you this month: 

What’s New

💻 Build your own web and mobile apps with our core services API 

We are excited to announce that you can now use our APIs to build web and mobile applications tailored to your business needs. These APIs are designed to give you full creative and technical control over how you develop and deploy your applications. Whether you want to manage your loan business or integrate with an existing lender in the Lendsqr ecosystem, our API empowers you to do just that. Get started today by reviewing the APIs and their documentation https://adjutor.io

View documentation

💸 Charge fees separately after loan disbursement

You can now set up fees to be charged separately after loan disbursement. We understand that transparency regarding loan fees is important to your users. To address this, we’ve introduced a configurable fee type that allows you to charge fees at the point of disbursement instead of deducting those fees from the principal before disbursement. These fees will be clearly identified, recorded in the user’s transactions, ensuring clarity and trust in your lending process.

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💰Charge subscription fees on your loans for as long as they run

We understand the importance of sustainable revenue, which is why we’ve introduced the ability to charge subscription fees on loans throughout their entire duration. This ongoing revenue model not only boosts your cash flow but also adds value to your loan products by enabling you to offer extended services. Whether it’s for enhanced loan management features or continuous support, this feature allows you to maintain a steady income while providing ongoing value to your customers. It’s a win-win for both your business and your clients.

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🧠 Configure your decision model to use data from a source

We’ve reimagined how you make loan decisions by giving you the flexibility to configure custom decision models using scoring data from any source. We understand that your business might require additional data to make more informed decisions. Based on your feedback, we’ve implemented this feature to allow you to call a data source and update how your users’ loan eligibility is scored. This enhancement ensures that your lending decisions are more accurate and tailored to your specific needs.

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What’s Better?

📈We have made equity contribution on your loans better

We’ve fine-tuned the equity contribution process for loans, making it more seamless and transparent. Your users can now complete their loan application even if they don’t have the entire equity contribution at the time of application. However, the system automatically triggers the equity contribution payment  upon loan approval, simplifying the process.

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🔍You can now view logs for each app created on Adjutor 

Transparency and traceability are essential when managing multiple applications. With our improved logging feature on Adjutor, you can now easily monitor each app’s activity. This update provides detailed insights into all the API calls made using the app’s API key, making it easier than ever to track and monitor your API activities.

View now

What’s Cooking?

💼Set up restricted wallets and control customer transfers

You will soon be able to set up restricted wallets for your loan products, giving you greater control over where your customers can transfer and use the loans disbursed to them. This feature is particularly useful if you have a specific app or account in mind where you want the disbursed loans to be utilized. It ensures that the funds are used exactly as intended, providing both security and peace of mind.

🆔 Our NIN verification API will soon be available 

We’re excited to announce that our NIN (National Identification Number) verification API will soon be available. This API will enable you to verify customer identities with greater accuracy and speed, ensuring compliance with regulatory requirements and reducing the risk of fraud. With the NIN verification API, you’ll be able to confidently validate the identities of borrowers, making your lending process more secure and reliable.

📅 Missed Our Webinar? Watch the recording today!

We recently hosted a webinar on how to be a successful lender without cutting corners. The session featured Dr. Abayomi Sule, an accomplished Lendsqr lender; Babatunde Irukera, former Vice Chairman of the FCCPC; and Grace Effiom, Head of Enterprise at Lendsqr. They shared key insights on maintaining a thriving lending business while upholding the highest ethical standards. Don’t miss out on this valuable discussion—watch the full webinar now!

Watch now

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.