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. […]
Build your own web and mobile apps with our core services API
At Lendsqr, we are continuously committed to making lending seamless and reducing the credit gap by providing technology that empowers you to offer credit to underserved populations one country at a time.
How to spot and block fraudulent borrowers
Grace Effiom, the Head of Enterprise at Lendsqr, hosted a webinar featuring Ope Adeoye, CEO of OnePipe, where they discussed the latest approaches to combating fraud in the digital lending space.
Offline lending vs online lending: pros and cons
Not to declare one better than the other, but offline and online lending have their benefits and drawbacks.
How to secure your MFB license in Nigeria
Thinking about starting a microfinance bank in Nigeria? Securing an MFB license is an important step, but the process involves specific regulatory requirements, documentation, capital requirements, and approval procedures. This guide explains how to secure an MFB license in Nigeria, the different licensing options available, what you need to prepare, and the key steps involved in the application process.
Embed BNPL into your platform without becoming a lender
Want to offer Buy Now, Pay Later (BNPL) on your platform without becoming a lender yourself? With the right lending infrastructure and partnerships, businesses can give customers flexible payment options while leaving the lending and credit responsibilities to a licensed provider. This guide explains how to embed BNPL into your platform, how the model works, and what businesses need to consider before getting started.
Are you still chasing payments? Direct debit can turn your loan collections around
Why endure the headache of chasing payments when direct debit can do the hard work for you?
Paycient Finance is transforming healthcare with credit
Access to affordable healthcare can be a challenge when patients need treatment but cannot afford to pay the full cost upfront. Paycient Finance is addressing this gap by using credit to make healthcare more accessible and flexible for patients. Thanks to Lendsqr, Paycient Finance was able to reach more healthcare providers and help close the funding gap in Nigeria’s healthcare sector. This article explores how Paycient Finance is transforming healthcare with credit, the problem it is solving, and how financing can help patients access the care they need while supporting healthcare providers.
Starting lending in Canada? Here’s how to get licensed
Thinking about starting a lending business in Canada? Getting the right licence is an important part of operating legally, but the requirements can vary depending on the type of lending business, the province or territory where you operate, and the activities you plan to offer. This guide breaks down the key licensing and regulatory considerations for lenders in Canada, helping you understand what you need before launching.
5 reasons why you should embed credit into your products and services
Embedding credit into your products or services can help businesses give customers more flexible ways to pay while creating new opportunities for growth and revenue. From increasing customer purchasing power to improving retention and creating additional revenue streams, embedded credit can become a valuable part of the customer experience. In this article, we explore five reasons why businesses should consider embedding credit into their products and services and what it takes to get started.
