{"id":22450,"date":"2024-10-31T13:08:28","date_gmt":"2024-10-31T13:08:28","guid":{"rendered":"https:\/\/techandbiz.com.ng\/tab-backup\/?p=22450"},"modified":"2024-10-31T13:08:50","modified_gmt":"2024-10-31T13:08:50","slug":"lendsqr-launches-ngn1-billion-on-lending-initiative-to-empower-nigerian-lenders","status":"publish","type":"post","link":"https:\/\/techandbiz.com.ng\/tab-backup\/2024\/10\/31\/lendsqr-launches-ngn1-billion-on-lending-initiative-to-empower-nigerian-lenders\/","title":{"rendered":"Lendsqr Launches NGN1 Billion On-Lending Initiative to Empower Nigerian Lenders"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>Nigerian fintech startup Lendsqr, recognized for its innovative loan management software serving banks, microfinance institutions (MFIs), and digital lenders, has announced the launch of a NGN1 billion (US$600,000) on-lending initiative. This move aims to support local lenders in expanding their credit offerings, providing them with the capital needed to scale. Since its founding in 2018, Lendsqr has streamlined lending operations and connected lenders with borrowers through its digital platform.<img fetchpriority=\"high\" decoding=\"async\" id=\"ember982\" class=\"ivm-view-attr__img--centered ivm-view-attr__img--aspect-fit update-components-image__image update-components-image__image--constrained evi-image lazy-image ember-view alignright\" src=\"https:\/\/media.licdn.com\/dms\/image\/v2\/D4D22AQGJk_0GUpaTEw\/feedshare-shrink_800\/feedshare-shrink_800\/0\/1730359189269?e=1733356800&amp;v=beta&amp;t=5yNFIoswzfESd5L6gS4O5IZ9xTRC_PtXJ1iP3OpC_ug\" alt=\"Image preview\" width=\"600\" height=\"750\" \/><\/p>\n<p>In discussing this new funding approach, CEO Adedeji Olowe noted, \u201cFor a long time, we believed that providing top-tier lending technology was enough to help lenders scale\u2026 But technology alone cannot scale a loan business without adequate capital.\u201d This initiative specifically targets licensed lenders in Nigeria, offering them critical access to growth capital.<\/p>\n<p>Lendsqr\u2019s on-lending model directly addresses a pressing issue in digital lending: access to adequate loan capital. By bridging the gap between technology and funding, Lendsqr empowers lenders to meet customer demand, enhance credit offerings, and stay competitive in Nigeria\u2019s evolving financial landscape.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<blockquote><p>\u201cFor a long time, we believed that providing top-tier lending technology was enough to help lenders scale\u2026 But technology alone cannot scale a loan business without adequate capital.\u201d This initiative specifically targets licensed lenders in Nigeria, offering them critical access to growth capital.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Nigerian fintech startup Lendsqr, recognized for its innovative loan management software serving banks, microfinance institutions (MFIs), and digital lenders, has announced the launch of a NGN1 billion (US$600,000) on-lending initiative. This move aims to support local lenders in expanding their credit offerings, providing them with the capital needed to scale. Since its founding in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22453,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,317,444,82,83],"tags":[],"class_list":["post-22450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","category-fintech","category-technology","category-technology-trends"],"_links":{"self":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/22450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/comments?post=22450"}],"version-history":[{"count":0,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/22450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media\/22453"}],"wp:attachment":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media?parent=22450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/categories?post=22450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/tags?post=22450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}