5 Freshworks features to improve your customer support team’s productivity
Company

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

How to obtain a moneylenders’ license in Nigeria
How to

How to obtain a moneylenders’ license in Nigeria

Now that you have succeeded in your building efforts so far, you mustn’t forget the final hurdle. You need a moneylenders license to operate your lending business in Nigeria.

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 […]

How to assess loan applications for individual borrowers  
How to

How to assess loan applications for individual borrowers  

While lending is globally known to be very profitable, after all even in the bad economy of Nigeria, banks routinely deliver superlative returns, the thoughts of Non Performing Loans (NPL) ratios would make any lender worry. The reputation of Nigerians not paying back their loans poses a red flag and emphasizes the need to develop […]

How to start lending for free with Lendsqr 
Lending

How to start lending for free with Lendsqr 

A typical state lender who has about N20 million capital is targeting the working class Nigeria, targeting loan sizes of N30,000 to N150,000. Knowing they stand no chance of growing the business if they demand their borrowers come to an office, they invariably would need technology, such as a mobile or website, to reach their […]

Boosting your lending app rating on Google and Apple app stores
Growth marketing

Boosting your lending app rating on Google and Apple app stores

Think about all the apps you’ve installed over the last few years. What was the first thing that caught your eye and would ultimately determine whether you would proceed to download the app or bypass it in search of a better alternative? If you’re like everyone else with commonsense, then ratings and reviews tend to […]

Lendsqr teams up with Freshworks, offering $10k credit to startup lenders
Growth marketing

Lendsqr teams up with Freshworks, offering $10k credit to startup lenders

Lendsqr has partnered with Freshworks to bring advanced back-office tools that make it easier to deliver a seamless customer and employee management experience.

Why using bank statements is important for loan decisions
How to

Why using bank statements is important for loan decisions

Perhaps the greatest head-scratcher for lenders is the fact that an average Nigerian doesn’t have a credit report (yikes!) but bank statements have proven to be a solid tool for assessing a borrower’s capacity to take a loan. Sometimes, it may even be a means of assessing their character as well (Interesting right? Stay tuned). […]

Hurdles to scale to become a lender
Growth marketing

Hurdles to scale to become a lender

Lending is a profitable business and is probably as old as time itself. Lending has subsequently evolved into fintech, which when done well, grows faster and attracts significant valuations than traditional banks. But lending is a tough business and those who do it deserve special praises and sometimes even prayers; they help the sick get […]

Make Better Informed Decisions

Our decision model Oraculi helps you handle all modules required to form the decision model for your lending business, convenient and easy.

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Lendsqr and Mono partner to power the next generation of lenders
Growth marketing

Lendsqr and Mono partner to power the next generation of lenders

Most Nigerians don’t have a credit history which affects lenders’ ability to assess loan applications and hence, limits borrowers’ access to credit. However, Lendsqr has partnered with Mono to provide lenders with customers’ bank statement data which assists them in making better informed decisions about borrowers’ capacity to repay their loans. Access to credit is […]

A borrower’s right to data privacy is not negotiable
Growth marketing

A borrower’s right to data privacy is not negotiable

Nothing gets your heart racing several miles per minute like the chance that you may not recover your loans right?

Ethical ways to recover loans
Growth marketing

Ethical ways to recover loans

A not-so-fun fact you need to know about running a lending business is that the biggest challenge every Nigerian lender faces is not technology, capital or regulatory constraints, but how to recover loans and the scary fact is that Nigerians don’t pay back their loans. While one might be tempted to sympathize and assume that […]