Today, banks and financial institutions in Nigeria are more than keen to partner with us and launch new and innovative products for new-to-credit segment<\/p><\/blockquote>\n<\/div>\n
Yabx has partnered with several African banks to create large, scalable and profitable digital lending portfolios by leveraging its fintech platform. Nigeria, where banks generally have faced challenges in underwriting its own captive base optimally, Yabx will not only help banks to widen the horizon of services they offer to their captive base but also allow them to launch new and innovative products like Buy Now Pay Later, Personal Loans, Payday loans, MSME loans etc.<\/p>\n
Commenting on the expansion, Rajat Dayal, CEO & Founder of Yabx<\/strong> said, \u201cWhile digital financial services have catalysed financial inclusion, access to financial services and credit remains an obstacle in countries like Nigeria. Without available credit services, smalls farmers, SME owners, and the new to credit segments face difficulty in obtaining loans to make profitable investments or pay off debts\u201d.<\/em><\/p>\n\u201cToday, banks and financial institutions in Nigeria are more than keen to partner with us and launch new and innovative products for new-to-credit segment.<\/em> Our platform doesn\u2019t only increase the reach of such banks but also helps them play a major role in creating a global credit score which will eventually help the new to credit segments in the country build a life without any external aid\u201d, <\/em>further added Rajat.<\/p>\nYabx uses Big Data Analytics and AI\/ML algorithms on large volumes of alternate data to create a detailed financial identity of customers and help banks underwrite them over Yabx Loan origination and Lifecycle Management System. This customer origination and servicing can be done on various channels like the bank\u2019s own digital banking app, USSD channel, website or even as embedded options in third-party apps.<\/p>\n
<\/p>\n
Yabx\u2019s growth and innovation has also been validated at the most reputed global platforms ranging from the\u00a0United Nations Capital Development Fund (UNCDF) to being recognised as the \u201cLendTech of the Year\u201d at the Asia Fintech Awards 2022. The Fintech start-up also won the \u201cBest BNPL Solutions Award\u201d at the recently concluded Global Fintech Fest 2022. With such global recognition and presence already in place, Yabx is set to accelerate its mission in the Nigerian market to open up corners of opportunities that didn\u2019t exist earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"
Plans to introduce new age fintech solutions around digital lending in the country; Will help banks to launch new and innovative products for new-to-credit segment like Buy Now Pay Later, Personal Loans, Payday loans, MSME loans etc Yabx, a FinTech venture headquartered at Netherlands, today announced its foray into Nigerian markets with a mission […]<\/p>\n","protected":false},"author":1,"featured_media":9540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,317,73],"tags":[],"class_list":["post-9539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","category-news"],"_links":{"self":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/9539","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=9539"}],"version-history":[{"count":0,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/9539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media\/9540"}],"wp:attachment":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media?parent=9539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/categories?post=9539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/tags?post=9539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}