5 best Paystack alternatives for card payment in Nigeria
When it comes to getting paid as a lender, having a dependable card payment solution is paramount. So, if you're curious to find the right fit for your lending business, come along.
5 types of lending model
Lending is not a one-size-fits-all business. Different lenders operate with different structures, risk models, customer segments, and repayment approaches depending on their market and goals. Understanding the various lending models is important for choosing the right strategy, technology, and operational process for sustainable growth. In this article, we explore five common types of lending models, how they work, and the kinds of borrowers and institutions they are best suited for.
How to set up CRC Credit Bureau for Lendsqr
Integrating CRC Credit Bureau with Lendsqr helps lenders make faster and more informed credit decisions by giving them access to borrower credit history directly within their lending workflow. This guide walks through the setup process step by step, from obtaining your CRC credentials to configuring the integration on Lendsqr. Whether you are onboarding a new lending operation or improving an existing credit process, setting up CRC correctly can help reduce risk, strengthen underwriting, and improve overall loan performance.
How we built our URL shortener (Monstrator) as a replacement for Bitly
Monstrator is Lendsqr’s in-house URL shortener built as a scalable replacement for Bitly, designed to give us full control over link tracking, reliability, and performance across our marketing and product communications. In this article, we break down why we moved away from third-party tools, the architecture behind Monstrator, and how it was engineered to handle high-volume link generation while providing accurate analytics and seamless integration across our ecosystem.
Important regulators every Nigerian lender should know
The ease at which one can wind up in trouble when handling money is unprecedented. For an industry as delicate as lending, it’s even 10x faster to end up in one regulatory mishap or the other. Unless you know your way around...
What is a loan management software?
A loan management software is the operating system for lenders, without which most modern and progressive lenders cannot succeed. Any idea what it is?
Legal compliance pitfalls lenders must avoid in Nigeria
Gone are the days of loan-sharking tactics in Nigeria's modern, regulated lending ecosystem. Lenders who hope to make a lasting impact and withstand the hurdles in this space must be prepared to toe the line of honest, legal and ethical lending. Else, they risk being booted out of the ecosystem. Stay out of trouble with these 10 legal compliance areas.
How to differentiate your loans in a crowded market
In today’s competitive lending space, offering loans is no longer enough. Borrowers now have countless options, making differentiation a key factor for lenders looking to stand out. From flexible repayment structures and faster approvals to niche-focused products and better customer experience, successful lenders are finding new ways to make their offerings more attractive. This article explores practical strategies lenders can use to differentiate their loans in a crowded market and build stronger customer loyalty.
Does your loan business really need an app?
Many lending businesses assume that launching a mobile app is the next step to growth, but is it always necessary? While apps can improve accessibility and customer engagement, they also come with development, maintenance, and adoption costs. For some lenders, a responsive web platform or alternative digital channels may be more effective and cost-efficient. This article explores the factors lenders should consider before deciding whether their loan business truly needs an app.
How to get your FCCPC license as a Nigerian digital lender
As digital lending continues to grow in Nigeria, regulatory compliance has become increasingly important for lenders operating in the space. One of the key requirements for digital lenders is obtaining an FCCPC license, which helps ensure transparency, consumer protection, and legal operation. However, many lenders are still unclear about the process, requirements, and documentation involved. This article breaks down how Nigerian digital lenders can apply for and obtain their FCCPC license successfully.
7 factors to consider when choosing a loan management software
Choosing the right loan management software can significantly impact the efficiency, scalability, and customer experience of a lending business. With so many options available, lenders need to look beyond basic features and consider factors such as automation, compliance, integrations, reporting, security, and ease of use. The right platform should not only support current operations but also grow alongside the business. This article explores seven important factors every lender should consider before selecting a loan management software.
