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Lendsqr, a Nigerian leader in loan management software, has officially launched its innovative lending-as-a-service platform in Kenya, aiming to transform how banks, microfinance institutions (MFIs), and digital lenders manage loan processes. This launch marks a significant step forward in supporting Kenyan lenders with the advanced technology needed to streamline and scale their lending operations, paving the way for increased financial inclusion across the country.
Kenya’s dynamic lending landscape is among Africa’s most vibrant, but banks, SACCOs, and lenders still face substantial challenges in managing loan portfolios and scaling efficiently. Adedeji Olowe, CEO of Lendsqr, expressed enthusiasm for the launch, emphasizing that Lendsqr’s platform will empower lenders to better serve their communities, expand into new markets, and sustain growth. The platform’s adaptable features make it accessible for lenders of all sizes, promoting a more inclusive and efficient credit landscape in Kenya.
Lendsqr’s platform offers a complete suite of tools to support the lending lifecycle, from loan origination and management to credit decisioning, data analytics, loan collection, and recovery. These comprehensive features provide Kenyan lenders with the necessary tools to build an end-to-end lending experience, boosting operational efficiency and providing deeper insights into borrower needs.
One of Lendsqr’s standout features is its affordable pricing model, which enables lenders to integrate seamlessly with their existing core banking and ERP systems. By supporting seamless integration, Lendsqr ensures that lenders can establish a cohesive, powerful infrastructure that meets their unique needs, promoting efficiency without overhauling established systems.
In a pioneering move, Lendsqr’s platform also incorporates video-based loan origination, reducing fraud and enhancing security through advanced AI capabilities. This first-of-its-kind feature uses both video and voice in the underwriting process, enabling faster and more secure approvals, which adds a new layer of confidence and reliability for lenders and borrowers alike.
By joining established players like Kwara and Presta, Lendsqr strengthens Kenya’s loan management ecosystem, providing lenders with the technology to scale and expand financial access for SMEs and the broader economic subsector. With this launch, Lendsqr is poised to make a meaningful impact on Kenya’s financial services landscape, supporting inclusive growth and economic empowerment.
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