Lendsqr, a global loan management technology provider, has launched its Lending-as-a-Service (LaaS) platform in Ghana, bringing automation and data-driven lending to banks, fintechs, and digital lenders.
Why it matters
Ghana’s lending industry is growing, but many lenders still rely on slow, manual processes. Lendsqr aims to modernize the sector, making loan origination, credit assessment, and risk management more efficient.
What they’re saying
- Adedeji Olowe, CEO of Lendsqr: “Lending in Ghana is growing, but outdated processes hinder scalability. Our technology enables lenders to process loans faster, reduce risk, and serve more people without manual workflows.”
- Joy B. Bello, Head of Growth: “For SMEs and individuals without formal banking histories, access to credit is limited. With Lendsqr, lenders can verify identities, assess creditworthiness, and process loans faster, helping more borrowers while reducing default rates.”
How it works
Lendsqr’s platform offers:
- Advanced KYC and credit scoring – Uses over 100 risk parameters and integrates with Ghana Card databases and KYC providers like BSystems.
- Proprietary license verification – Enhances fraud detection and borrower authentication.
- Multi-channel access – Supports mobile and web platforms for seamless borrower interactions.
- Payment and credit data integration – Connects with MoMo services (MTN Mobile Money, Vodafone Cash, AirtelTigo Money) and credit bureaus for real-time borrower insights.
