Lendsqr
The loan management system for smart lenders
About Lendsqr
Lendsqr is a cloud loan management and lending-as-a-service platform that covers the full credit lifecycle, from origination and decisioning to disbursement and collections. Banks, fintechs, microfinance institutions, SME lenders, and employers launch loan products across web, mobile, USSD, and API channels from one back office. It also offers the Adjutor lending API suite, including direct debit and the Karma shared borrower blacklist.
Pros & Cons
Pros
- Free plan lets small lenders launch a web-based loan product before paying anything
- Covers the full lending lifecycle (origination, decisioning, disbursement, collections) in one platform
- Well-documented Adjutor APIs with a sandbox, praised by reviewers for easy integration
- Supports USSD and mobile channels, useful for reaching borrowers in emerging markets
- Shared Karma blacklist helps lenders screen out known defaulters
- Reviewers report responsive customer support
Cons
- Reviewers describe the back office interface as cluttered and hard for new users
- White-label mobile app costs extra on top of the Business plan
- Initial account setup involves many forms, per user reviews
- Native integrations with accounting tools are limited outside the Enterprise tier
- Feature set and integrations are strongest for African markets, especially Nigeria
Key Features
Loan product management
Configure diverse loan products with custom interest, tenor, fees, and eligibility rules from the back office.
Decision models
Automate credit decisioning with configurable scoring and approval rules to approve or decline borrowers in real time.
Multichannel origination
Take loan applications through a customer web app, white-label mobile app, USSD, or APIs.
Disbursement and collections
Disburse loans and collect repayments automatically, including direct debit mandates through Adjutor.
Approval workflows
Route loans through multi-level approval chains with team roles and permissions (Pro plan and up).
Offer letters
Generate and send loan offer letters to borrowers as part of the application flow.
Savings and investment management
Run savings and investment products alongside lending on the Business plan.
Karma blacklist
Check borrowers against a shared blacklist of defaulters contributed by lenders on the network.
Adjutor lending APIs
API suite for credit checks, direct debit, bank verification, and decisioning, with a sandbox for developers.
Back office dashboards and reporting
Monitor portfolio performance with dashboards, reports, and daily performance emails; the back office also has an Android app.
Pricing
- Loans and loan products
- Decision models
- Disbursements
- Customer web app
- Everything in Free
- Team management
- Offer letters
- Approval workflows
- Web app customizations
- Everything in Pro
- White-label mobile app (additional cost)
- Customer groups
- Referral configurations
- Savings and investment
- Adjutor API service
- Everything in Business
- External loans (Web SDK)
- Custom mobile app
- CBA/ERP integrations
- Third-party integrations
Best For
Digital lending startups
Launch a consumer or SME loan business in hours on the web and USSD channels without building a proprietary platform.
Banks expanding retail credit
Add digital retail lending products quickly, as Sterling Bank did with its SnapCash product.
Microfinance institutions
Run loans and savings from one configurable stack with a branded mobile app for members.
Employee salary loans
HR teams offer staff loans with repayments tied to payroll.
Fintech embedded lending
Use the Adjutor APIs and Web SDK to embed credit checks, direct debit, and loan offers into an existing app.
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