How to find a profitable lending niche and target the right borrowers
As a loan business owner looking to succeed, scale and stand out in the lending ecosystem, you must recognize that you can’t lend to everyone. We’ve highlighted several ways to target the right borrowers and find a profitable niche.
7 strategies to avoid SME loan defaults as a Nigerian Lender
While SMEs are generally considered low-risk borrowers, given the ease of verifying their operations through cash flow assessments, on-ground assessments and more. Lending to them is not without its challenges. We’ve done the grunt work for you. Learn the strategies to avoid SME loan defaults as a Nigerian lender.
Collect smarter, not harder: Ethical debt collection with technology
As a digital lender, how can technology be ethically employed for effective debt recovery? To find out how...
How to differentiate your loans in a crowded market
Whether you’re a new lender or years in the game, we’ve carefully curated 8 ways to help you differentiate your loan business amongst others.
How to get your FCCPC license as a Nigerian digital lender
The FCCPC license is regarded as one of the toughest licenses to get in Africa. But we’ve done the grunt work of putting together all the necessary requirements and information you need to obtain your mandatory FCCPC license.
What it takes to be a digital money lender
Fintech, especially digital lending, is one of the fastest growing sectors in every economy in the world. It’s no surprise that everyone wants to dabble into digital lending as their first foray into the exciting and extremely innovative world of fintech. But should you be a digital lender?
Handle payment collection like a pro with Direct debit
Several moons ago, we told you about our new Direct debit feature and how soon it would be available for our lenders. We're proud to announce that "we did a thing" with the new direct debit feature.
If your employer won’t give you a staff loan, ditch them!
Read how staff loans drive employee happiness and productivity
How to utilize configurable loan forms for your lending business
Learn more about Lendsqr's configurable loan forms today!
Let’s help you separate sheep from wolves!
We both know that not all customers are the same: some are angels, others are less salubrious; some are good for the money, and others will probably fleece you. How then do you separate the wheat from chaff or the sheep from the wolves? Or how do you even meet regulatory demands of Know Your […]
Use multiple credit bureaus to double your protection
Lendsqr has taken a bold step to make lending more secure and effective by offering a feature that allows lenders to link multiple credit bureaus services. This innovative feature is a game-changer for the lending industry in Nigeria, where access to accurate credit information is vital for managing credit risk and reducing non-performing loans. At […]
A Guide to Nigeria’s Financial Ecosystem: Players, Services, and Regulators
The Nigerian financial industry is a vast and complex landscape that can be challenging to navigate, even for experienced professionals. For fintechs looking to enter this market, understanding the intricacies of the financial ecosystem is crucial to success. However, with so much information to sift through, it can be daunting to know where to start.
