Lendsqr

At Lendsqr, we constantly contemplate on the possibility of providing every African with loan access precisely when it's required. But we cannot do all these without committed and incredibly smart people who share the same passion and vision for Africa. We need you. Join us! ?? Sales Managers Lendsqr is on the lookout for an innovative Sales Manager to join our dynamic team. As a key player in our growth journey, you'll unleash your strategic prowess, nurture client relationships, and propel our cutting-edge solutions to new heights. If you thrive in a fast-paced, collaborative environment and have a track record of exceeding sales targets, apply now https://lnkd.in/dVB8mkFd ?? Product Specialists Join our innovation journey! Lendsqr is on the lookout for a dynamic Product Specialist to drive excellence in fintech. Are you passionate about crafting cutting-edge solutions and shaping the future of lending technology? Here's your chance to make a significant impact. Be a part of a team that's revolutionizing lending. Apply now https://lnkd.in/dV4VC7mQ ???? Account Managers If you're passionate about building strong client relationships, driving business growth, and thriving in a collaborative environment, this role is tailor-made for you. As an Account Manager at Lendsqr, you'll have the chance to make a meaningful impact in the fintech industry, working alongside a talented group of professionals. Join us in reshaping the future of financial services! Apply now https://lnkd.in/dg7e_SDJ ??Product Support Officers Join us at Lendsqr as a Product Support Officer! As a key member of our dynamic team, you'll play a pivotal role in ensuring our customers receive top-notch support and guidance. If you're passionate about problem-solving and client satisfaction, this is your chance to shine. At Lendsqr, innovation and growth opportunities await you. Apply today https://lnkd.in/dGhKXEGb

A borrower takes out a loan. Instead of paying interest, they pay a small #subscription fee every month. That’s it. Subscription-based lending flips the traditional model. Instead of charging borrowers unpredictable interest, lenders collect a fixed, recurring fee. The result? Borrowers get affordable financing, and lenders get steady revenue. It works especially well for: ? Zero-interest loans that still need a revenue model. ? Buy Now, Pay Later (#BNPL) where customers prefer flat fees over compound interest. ? Business loans where companies want predictable costs. When borrowing is simple, more people borrow. And when revenue is predictable, more lenders scale. Learn how it works on Lendsqr: https://lsq.li/sl12

Borrowers love dropping guarantors’ names like it’s a referral program. But what’s the point if the #guarantor can’t actually guarantee anything? ????♂? With #Lendsqr, you can: ? Set how many guarantors a loan needs ? Make them add their cards & direct debit (so they’re on the hook too) ? Check their credit bureau records before trusting them If they won’t back the loan with more than just their name, are they really a guarantor?

Want to start a lending business in Uganda? It’s not as simple as launching an app and handing out loans. You need a clear roadmap: from licensing and funding to risk management and compliance. In this guide, we break down: ?? The licenses you need to operate legally ?? Where to get funding (and why local banks might not help) ?? The real risks of lending (and how to manage them) ?? Why compliance isn’t optional if you want to scale Read the full guide here.

#Blacklists are one of the most powerful risk management tools ever created. Once you’re blacklisted, access to financial services, loans, and even basic banking can become nearly impossible. But here’s what nobody tells you: building an effective blacklist is HARD. Every industry has blacklists: Banking & Finance – NIBSS watchlist (fraudulent BVN holders) National Security – USA No-Fly List (suspected terrorists) Email & Internet – Spamhaus (blocks email spammers) For lenders, blacklists help weed out habitual defaulters, identity thieves, and outright fraudsters before they cause massive losses. Don’t confuse it with credit bureaus though. ? Credit bureaus assess creditworthiness (scores, reports, risk levels). ? Blacklists mark individuals for specific high-risk behavior (fraud, defaults). Blacklists are also not advisory in nature so if you use it, it’s at your own risk. Here’s what goes into designing a functional, reliable, and fair blacklist: 1. You need to first define who qualifies to be on it. The rules should be specific and based on verifiable actions. What you need: ? Legal documentation ? Internal loan repayment history? ? Reports from trusted sources? ? Risk scoring system that automatically flags bad behavior patterns 2. You need trusted, real-time data to ensure accuracy. What you need: ? Fraud databases (public and private like GIACT, Sift) ? Public records (court judgments, police reports) ? APIs from credit bureaus or fraud detection systems to automatically update your blacklist with relevant data ? Data scrubbing tools (e.g., Talend, Apache NiFi) for cleaning and integrating large datasets ? Real-time data streaming platforms (e.g., Kafka, AWS Kinesis) to push updates immediately when new data comes in 3. You need complex risk algorithms that can process vast amounts of data and assign a risk score. What you need: ? Risk modeling tools (e.g., Scikit-learn, TensorFlow) for building your algorithms ? Pre-built risk scoring platforms like FICO, Zest AI, or Upstart for evaluating financial risk ? Cloud AI services like AWS SageMaker or Google AI for faster and scalable model deployment 4. You must comply with data protection laws (GDPR, CCPA, etc.), provide transparency on why someone is blacklisted, and allow them to appeal if they believe the decision is wrong. What you need: ? Legal experts or compliance consultants to make sure you’re compliant with data protection laws ? Encryption libraries (e.g., AES-256, SSL/TLS) for ensuring the security of the blacklist data ? Compliance tools like OneTrust or TrustArc for GDPR, CCPA compliance 5. You need real-time updates, regular reviews, and audits. Fraudsters constantly evolve, so your blacklist must evolve too. What you need: ? Real-time monitoring tools (like Splunk, Datadog) ? Custom reporting tools to track trends in the blacklist and adjust criteria when necessary Or you could bypass all these and outsource the job.

Approving loans shouldn't feel like flipping a coin. But if your decision process is rigid, that’s basically what you're doing. With Lendsqr, you don’t have to rely on guesswork. Plug in any scoring or data service: credit bureaus, bank statements, telco data, even your grandma’s secret borrower intuition (okay, maybe not that last one). The point? You get to decide how you assess risk, so you can approve the right borrowers and avoid the wrong ones. Because bad loans are expensive, and good ones grow your business.

?? One Credit Mistake Almost Cost Him Everything… Don’t Let It Happen to You! A few years ago, Daniel applied for a business loan, confident he’d get approved. But to his shock, the bank rejected him, his credit score was too low. The culprit? A small unpaid bill from years ago that he had completely forgotten about. Like Daniel, many people unknowingly damage their credit, making it harder to access financial opportunities. Are you making the same mistakes? In just 3 days, join us for an exclusive webinar where Mustapha Otaru and Grace Effiom will break down: ? The most common mistakes that hurt your credit score ? How lenders assess creditworthiness before approving loans ? Proven strategies to build and maintain a strong credit history ? Practical steps to correct past credit mistakes and secure better financial opportunities ?? Date: February 20, 2025 ? Time: 11: 00 AM WAT ?? Location: Online ?? Reserve your spot now: https://lnkd.in/eGnN8j78 Don’t wait until it’s too late, see you there!

Got a list of people who might need a loan? Instead of chasing them one by one, just upload their emails or phone numbers, and Lendsqr will do the work for you; sending them loan invite links automatically. Learn more here: https://lsq.li/sl10

Your credit profile is one of the most important financial assets you have, but are you unknowingly damaging your credit score? Many people unknowingly make mistakes that negatively impact their credit score, making it harder to access loans, mortgages, or even simple financial services. Whether you're a lender looking for better ways to assess creditworthiness before approving loans or an individual trying to understand how credit scoring works in Nigeria, this webinar is for you! ?? Date: February 20, 2025 ? Time: 11:00 AM WAT ??? Speakers: Mustapha Azamare Otaru. MBA, PMP?, MGIS, CDFP, CSP , Grace Effiom ?? Location: Virtual (Google Meet) Join us as we break down: ? Common mistakes that hurt your credit score without you realizing it ? How lenders review credit history before approving loans ? The key factors that influence your credit score in Nigeria ? Steps you can take to build and maintain a strong credit profile ? Practical tips to correct past credit mistakes and avoid future ones Don’t miss this chance to take control of your credit future! Register Now: https://lnkd.in/eGnN8j78 See you there!

Most lenders think #fraud starts with default, but that’s wrong. Fraud starts the moment a borrower can fake their identity. If someone can take a loan under a false name, it’s game over before you even disburse a dollar. That’s why strong identity verification is non-negotiable. At Lendsqr, we’ve made it effortless—just a #selfie, and we match it with the borrower’s BVN and NIN images. Because if you don’t truly know your borrower, you’re not lending—you’re donating.