Lendsqr, a Nigerian loan management software, has launched its lending-as-a-service platform in Kenya to enhance loan processes for banks, microfinance institutions (MFIs), and digital lenders.
Founded by Nigerian entrepreneur Adedeji Olowe, the Kenyan launch will see Lendsqr support banks, SACCOs and lenders of all sizes with tools to manage and grow their operations, ultimately helping to increase access to credit and further financial inclusion in Kenya.
“Kenya has one of the most vibrant lending sectors in Africa, but we recognize the challenges many banks, SACCOs and lenders face in managing loan portfolios and scaling their businesses,” said Adedeji Olowe, CEO of Lendsqr. “We’re excited to bring our technology to Kenya, enabling lenders to serve their communities better, reach new markets, and grow sustainably.”
A catalyst for growth in Kenya’s lending sector
Lendsqr’s platform provides a comprehensive set of features that support the lending lifecycle, including loan origination, loan management, credit decisioning, data analytics, loan collection, and recovery. Offering advanced technology at one of the most affordable rates, Lendsqr allows lenders to integrate their existing core banking and ERP systems. This seamless integration supports lenders in building a cohesive, powerful infrastructure tailored to their needs. In a first-of-its-kind feature, lenders could request videos into the loan origination process, which not only reduces fraud but uses advanced AI capabilities that could use video and voice for faster and more secure underwriting.
Lendsqr now joins established loan management system providers in Kenya such as Kwara and Presta in providing technology to lenders in Kenya to expand the much needed growth within the SME economic subsector.
Bridging technology and financial inclusion
Lendsqr’s launch in Kenya represents more than just a technology rollout; it’s a commitment to fostering an inclusive financial ecosystem where lenders have access to the tools they need to succeed. Through its platform, Lendsqr aims to strengthen local lenders’ ability to meet the increasing demand for credit while keeping lending secure, efficient, and transparent.
This launch aligns with Lendsqr’s broader mission of driving financial inclusion across Africa. The platform enables lenders to serve both urban and underserved rural communities, helping bridge the financial gap and empowering more Kenyans to access formal and informal financial services.
“We see great potential for Kenyan lenders to thrive with the right digital tools,” added Joy B. Bello, Head of Sales at Lendsqr. “Lendsqr isn’t just about improving lending operations; it’s about building partnerships that empower lenders to make a positive impact in their communities.”
Lenders ready to elevate their operations and make a lasting impact on Kenya’s financial sector are invited to explore Lendsqr.