7 reasons why most lenders fail within a year
Starting a lending business can be profitable, but many lenders struggle to survive their first year. From poor risk assessment and weak cash flow management to inadequate systems and regulatory challenges, several factors can quickly put a lending business at risk. In this article, we explore seven common reasons why most lenders fail within a year and what you can do to avoid them.
How we built Oraculi to help lenders make informed decision
At the core of any decent loan management software is something that helps a lender decide whether a loan should be given. Decisioning is, therefore, a challenge every lender must solve. If you get it wrong, your loan business will fail.
Requirements for publishing Nigerian loan apps on Google Play Store
An increasing number of Nigerian lenders are launching mobile loan apps, but getting approved on the Google Play Store requires more than just uploading an APK. Google has strict policies for financial services, including proof of regulatory compliance, transparent loan terms, privacy requirements, and proper app disclosures. This guide explains the key requirements for publishing a Nigerian loan app on the Google Play Store and the steps lenders can take to ensure a smooth approval process.
