Half of the year is gone but the other half is going to be awesome
We’ve officially blown through 50% of 2024, and we want to extend our gratitude for your continuous support and trust in us. Over the past six months, we've rolled out important features and enhancements to help you manage your loan business better.
Your admin console is now an Android app and on the Google Play Store
The Lendsqr admin console now has an Android version that is available for download on the Google Play Store. You can now access all of Lendsqr’s features directly from your mobile device and manage your lending operations on the go.
You can now assign account managers to your customers
We’ve made customer management more streamlined for you and your team. We’ve added an ‘Account Manager’ role to the admin console. Now, you can invite a team member, assign them as an account manager, and link them to a customer. T
Kolo, your key to financial management
Fresh out of Lendsqr Labs, we're excited to present Kolo—an all-in-one for managing your bank balances and transactions.
You can now recover your Lendsqr account
We have introduced a seamless process for account recovery, even if you've lost access to your two-factor authentication (2FA) devices. Now, when activating 2FA, you'll generate recovery codes to ensure access in case of emergencies.
You can now activate your direct debit mandates in 1 minute
Our direct debit system is now equipped with E-Mandate, an addition that puts control directly in the hands of your customers. Gone are the days when you and your customers have to chase bank officers around to approve mandates.
We will use AI to transform lending in Nigeria and Africa
So, find a comfortable spot, maybe with a warm bowl of your favorite soup, and let's explore the January edition of the Lendsqr newsletter together!
What repayment methods are available for lenders to get paid?
Ensuring that loans get repaid can be a real headache for lenders, and the stakes are high. Whether you’re looking for the steady reliability or quick turnarounds, each method provides a different way to manage and secure loan repayments.
What factors affect loan interest rates?
But here's the thing: interest rates aren't plucked out of thin air. Many factors shape them. Things you and I might not think about when we're in the heat of the moment.
Credit bureaus not enough? Try these alternatives
Credit bureaus are supposed to be the backbone of the lending process, yet they often fall short. Let’s explore three other alternatives
4 reasons why most loan defaulters are fraudsters
It’s time we stop sugarcoating this. Loan defaulters, in many cases, are fraudsters and here’s how they reveal themselves as such.
5 issues that lenders have with Nigerian credit bureaus
Before Nigerian credit bureaus were created, banks operated as lone wolves, reluctant to share credit information with third parties. They also didn’t have ways of knowing if a borrower had unpaid loans with other banks/financial institutions. As such, borrowers could easily secure multiple loans and cart away funds from different institutions without the lenders knowing. […]
