What investors want to see before they fund your loan startup
So, what exactly do investors want before they fund your loan startup? Let’s break it down.
5 ways to raise capital to bootstrap your loan business
So, where do you start if you're looking to bootstrap your loan business? Let's explore five practical and proven methods for raising capital that won’t leave you with crippling debt or force you to give away chunks of your company.
What repayment methods are available for lenders to get paid?
Ensuring that loans get repaid can be a real headache for lenders, and the stakes are high. Whether you’re looking for the steady reliability or quick turnarounds, each method provides a different way to manage and secure loan repayments.
What factors affect loan interest rates?
But here's the thing: interest rates aren't plucked out of thin air. Many factors shape them. Things you and I might not think about when we're in the heat of the moment.
Credit bureaus not enough? Try these alternatives
Credit bureaus are supposed to be the backbone of the lending process, yet they often fall short. Let’s explore three other alternatives
How to start a lending business in Nigeria from Canada, UK, and the US
So, if you’re serious about starting a lending business in Nigeria from the comfort of your Japa base, you’re in the right place. We’ve laid out the steps you need to turn that vision into reality.
Effective strategies to market your loan products
As of 2023, the global lending market was valued at over $7 trillion, with thousands of institutions vying for the attention of borrowers. So, how do you make your loan products stand out in such a full market?
3 alternative data to credit report for enhancing underwriting quality
Traditional credit reports can give lenders useful insights into a borrower’s financial history, but they do not always tell the full story. Alternative data can help lenders assess borrowers with limited or incomplete credit histories and make more informed underwriting decisions. In this article, we explore three types of alternative data lenders can use to strengthen credit assessment, improve risk evaluation, and make better lending decisions.
7 reasons why most lenders fail within a year
Starting a lending business can be profitable, but many lenders struggle to survive their first year. From poor risk assessment and weak cash flow management to inadequate systems and regulatory challenges, several factors can quickly put a lending business at risk. In this article, we explore seven common reasons why most lenders fail within a year and what you can do to avoid them.
5 key qualities borrowers look for in a lender
Borrowers are looking for more than access to funds. They want lenders they can trust, communicate with easily, and rely on when they need financial support. From transparent terms and fair pricing to responsive customer service and a simple borrowing process, these qualities can shape a borrower’s experience and influence their decision to return. Here are five key qualities borrowers look for in a lender.
Requirements for publishing Nigerian loan apps on Apple App Store
There are several good reasons for a digital lender to have a loan app, with one of the key ones being the ability to scale and attract a large customer base. So, the big question is: where’s the best place to launch your loan app to reach the most users?
