Best loan management software for Kenyan lenders: Lendsqr vs. Presta
Digital lending has completely transformed Kenya’s financial landscape, thanks in large part to mobile money platforms like M-Pesa. With over 83% of Kenyans using mobile money, access to quick credit has never been easier. This rise in digital lending has driven adoption rates sky-high—making it simpler for millions of Kenyans to access loans in minutes […]
Best loan management software in South Africa: Lendsqr vs. ACPAS
While both ACPAS and Lendsqr provide loan technology, they offer unique features to meet lenders' needs. But which one is right for you?
How to get started as a lender in South Africa
Thabo noticed a troubling pattern in his community. People were stuck in a relentless cycle of debt, borrowing from mashonisas (Local name for unregistered lenders) ) at crippling interest rates. Despite their sky-high fees, the residents had little choice. Formal credit options were scarce, and when cash ran low, shady lenders seemed to be the […]
How AI Agents will empower lenders
Earlier this year, Lendsqr set out to test how well a generative AI could support its internal teams. Using OpenAI’s custom GPT, they created a Lendian GPT specifically for their Product Support team, and it worked like a charm.
What are the problems associated with lending money in Nigeria?
Every day, thousands of Nigerian lenders wake up to face a market that’s equal parts promising and precarious. The nation’s vast population, entrepreneurial spirit, and rapidly growing SME sector make it an attractive ground for credit services. Over 40 million MSMEs account for nearly half of Nigeria’s GDP, and many of these businesses rely on […]
5 things you need to do before you launch your loan app
You see, building an app is one thing. Launching it successfully? That’s an entirely different ballgame. Steve’s mistake? He rushed to market without setting up the right foundation. Today, we’ll help you avoid that mistake. If you’re thinking of launching a loan app, here are five things you absolutely must do first.
Why Lendsqr is Africa’s most affordable loan management software
The end-to-end loan management software that’s rewriting the rules for lenders globally by offering enterprise-grade features without the enterprise-grade costs.
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.
Don’t have access to GSI? Use direct debit to achieve same result
With the right strategies in place, you can substitute GSI with direct debit and still achieve similar results. Let’s break this down.
What are the legal consequences of failed direct debit due to insufficient funds?
Today, we’ll look at the legal implications of failed direct debits in three very different places: Nigeria, the UK, and Dubai. Each country handles the situation differently, and the differences might surprise you.
When to go legal with loan defaulters
Whether you're a small lender or a big institution, the decision to pursue legal action against a defaulter is governed by various factors, including the loan type, the borrower's behavior, and, most importantly, the legal framework in your jurisdiction.
