What is loan fraud and red flags to spot fraudulent borrowers
FAQs

What is loan fraud and red flags to spot fraudulent borrowers

Lending comes with its risks, and adding tech into the mix can make things even trickier. Loan fraud has gotten pretty sophisticated, here's what you need to watch out for

Answering your most asked questions

Answering your most asked questions

As requested, here are answers to some of the most frequently asked questions about your go to financial management app, Kolo.

How to verify borrower’s ID
How to

How to verify borrower’s ID

In a country where there’s a huge consumer credit gap, high inflation and poverty rates, loans are definitely in high demand. As a lender, this means you get a high influx of loan applications daily. And guess what? You have to verify the identities of every single borrower that passes through your funnel. Character is […]