Nigerian Fintech Lendsqr Expands into Kenya with Advanced AI-Driven Loan Management Platform
Lendsqr, a Nigerian fintech startup known for its loan management software, has expanded into Kenya, launching an advanced loan processing platform aimed at enhancing the efficiency of banks, microfinance institutions, and digital lenders in the country. This expansion aligns with Lendsqr’s mission to empower financial institutions across Africa.
The platform offers a full suite of tools to streamline loan origination, management, credit decisioning, and data analytics. With advanced AI technology supporting the entire lending lifecycle, the platform ensures faster, safer, and more efficient processes. One unique feature is its integration of video into the loan origination process, leveraging AI to enhance underwriting speed and security, and providing a better experience for both lenders and borrowers.
Seamlessly integrating with existing core banking and ERP systems, Lendsqr’s platform enables financial institutions to build a customized lending infrastructure that fits their specific needs.
In October 2024, Lendsqr further demonstrated its commitment to supporting lenders by launching a ₦1 billion on-lending initiative in Nigeria, aimed at increasing digital lenders’ capacity to extend credit. This initiative provides a vital capital pool for licensed lenders, supporting sustainable growth and expansion.
Through its entry into Kenya, Lendsqr seeks to replicate its success in Nigeria, offering a comprehensive, AI-driven loan management platform that simplifies loan origination, decisioning, and recovery processes, while fostering confidence in credit decision-making for lenders across Kenya’s evolving financial landscape.
