A1 Credit: Using digital channels to give loans to Nigerians and SMEs
A1 Credit is helping millions of Nigerians and small businesses get access to credit without asking for an arm and a leg.
Paystack vs. Flutterwave – which is better for loan collection?
For anyone running a lending business, loan repayment from customers on time is the number one priority. Now that a significant portion of lending is digital, getting paid online is very critical. This is where many lenders get into arguments about which of Flutterwave or Paystack is better for loan collection. We decided to find […]
FCCPC regulations for digital lenders
The Federal Competition and Consumer Protection Commission (FCCPC); the regulatory agency responsible for ensuring consumer protection and regulating competition in Nigeria, recently released a Limited Interim Regulatory/Registration Framework for Digital Lending. This regulatory framework is enforceable whilst they work on a more comprehensive framework to guide the operations of digital lenders in Nigeria. The Commission […]
CBN’s Global Standing Instruction (GSI) explained
Understand what the CBN's Global Standing Instruction (GSI) is and how it affect loan repayments within the Nigerian financial ecosystem
Requirements for a moneylenders license in Nigeria
Lending is a profitable business whose economic significance can’t be disregarded. There are a few hurdles to scale to become a lender and getting a moneylenders license is one of them. Lenders need to be licensed, if not, they can’t start a money lending business legitimately. You can read more about how to determine the […]
APIs for lenders to reduce NPL
The threat that bad loans pose to lenders can’t be overemphasized. A lot of lenders have had to write off an alarming amount of non-performing loans (NPL). As a lender, a big concern you’re often confronted with is “what if they don’t pay back?” It’s imperative to be able to recover your loans. This is […]
What makes a great loan software
Whether you decide to build your loan software or use a LaaS platform like Lendsqr, consider these things
What is Lending-as-a-Service?
Lending-as-a-service (LaaS) is in the business of technology and not money lending
How to report unethical lenders
Are you aware that you can report bad lenders who couldn’t possibly care less about conforming to lawful and responsible lending practices? We sincerely hope so. But we don’t live in an ideal world. As much as there are good and responsible lenders who recover loans ethically and understand that borrowers’ have a right to […]
How mobile SDK works for lending decisions
Are we the only ones who find it alarming that there are digital lenders who give out loans to Nigerians without a credit history? Where exactly is the confidence coming from? Many Nigerians don’t have a formal credit history but this is no surprise. The credit gap in Nigeria is N109 trillion wide and the […]
5 Freshworks features to improve your customer support team’s productivity
Lendsqr recently partnered with Freshworks to give every lender on our platform $10k credit to use on their customer support channels
