How to use Lendsqr for distributor financing
Distributor financing bridges the gap between manufacturers, suppliers, and distributors, accelerating trade and value creation. Lendsqr secures that bridge.
Essential platforms and tools to automate your lending business
Lending automation sets you up for measurable success, better customer relationship management, and overall business growth. Discover how!
How Lendsqr helped Sterling Bank use SnapCash to bridge the credit divide
We sat down with the Sterling team and ideated. Born from a single loan product, the name SnapCash resonated better with Sterling Bank's one goal — to provide cash to the average Nigerian at the snap of their finger. Thus, SnapCash came into being.
What is a loan management software?
A loan management software is the operating system for lenders, without which most modern and progressive lenders cannot succeed. Any idea what it is?
How to use Remita for your loan repayments on Lendsqr
As a digital money lender, you want to make getting paid a breeze for you and your customers. Direct debit is one of the best ways to get repaid. In Nigeria today, Remita happens to be one of the leading direct debit providers.
How to use Paystack for your loan repayments on Lendsqr
As a digital money lender, you need different technologies to ensure you get paid back. Lendsqr has done a fantastic job of making all these technologies available to you. Paystack happens to be one of the companies we’ve integrated with and is available to all our lenders.
How to restructure loans and work with struggling borrowers
Loan restructuring is a common aspect of being a money lender. Borrowers, with sincere intentions to repay, often face hurdles such as economic shifts, unexpected emergencies, and other unforeseen circumstances. So, here are the ways you can help restructure loans for these borrowers.
How we dumped SendGrid, built Mailer and solved our email delivery troubles
When we started Lendsqr, like every right thinking startup, we relied on SendGrid, which is well-regarded as one of the top email systems globally. While it served us well, as we grew, we found it didn't fully meet all our needs and those of our lenders anymore. After weighing the pros and cons, we knew it was time to find an alternative. So, we began building what the world would soon know as Mailer.
Legal compliance pitfalls lenders must avoid in Nigeria
Gone are the days of loan-sharking tactics in Nigeria's modern, regulated lending ecosystem. Lenders who hope to make a lasting impact and withstand the hurdles in this space must be prepared to toe the line of honest, legal and ethical lending. Else, they risk being booted out of the ecosystem. Stay out of trouble with these 10 legal compliance areas.
How to find a profitable lending niche and target the right borrowers
As a loan business owner looking to succeed, scale and stand out in the lending ecosystem, you must recognize that you can’t lend to everyone. We’ve highlighted several ways to target the right borrowers and find a profitable niche.
7 strategies to avoid SME loan defaults as a Nigerian Lender
While SMEs are generally considered low-risk borrowers, given the ease of verifying their operations through cash flow assessments, on-ground assessments and more. Lending to them is not without its challenges. We’ve done the grunt work for you. Learn the strategies to avoid SME loan defaults as a Nigerian lender.
