Nigeria's fintechs pivot to banking licenses
Nigerian fintech companies are increasingly obtaining Microfinance Bank (MFB) licenses. This shift allows them to accept deposits and issue loans, diversifying their revenue beyond transaction fees.
Search
Tag: #credit-scoring9 results
AI Moves Into Corporate Lending Decisions
AI is beginning to enter loan-screening workflows, potentially addressing delays and other inefficiencies in corporate financing. The article examines how AI-based assessment could change both lenders’ review processes and the conditions companies must meet to obtain funding.
Slow-lending strategy challenges Nigeria's fast-paced fintech model
While Nigerian fintech lenders prioritize speed through automation, some microfinance banks are finding success with a 'slow-lending' strategy. This approach contrasts with the industry standard of instant disbursement, suggesting a shift in risk management models.
Fintech lending shifts from blind trust to data-driven visibility
The fintech lending sector is moving away from broad, automated lending to strangers. Instead, companies are prioritizing credit models that leverage verifiable income and real-time cash flow data.
M-KOPA pivots smartphone financing into digital lending gateway
M-KOPA is leveraging its established smartphone asset financing model to expand into broader digital credit services. By using device repayment data, the company is building a foundation for scalable financial inclusion in African markets.
CreditChek raises $600k for East African expansion
Nigerian fintech CreditChek has secured $600,000 in funding to scale its credit data infrastructure into East Africa. The company aims to help lenders better manage credit risk while promoting financial inclusion.
Blnk secures $37M to scale Egyptian credit lending
Egyptian fintech startup Blnk has raised $37 million to expand its lending products and strengthen its underlying technology infrastructure. The company aims to address the underserved credit market in Egypt through enhanced digital financial solutions.
📰
How Huabei Turned Data into Leverage
The article traces Ant Group's path from Yu'ebao and Huabei to a broad financial ecosystem, arguing that user data, algorithmic credit scoring, and the company's technology positioning helped drive its extraordinary valuation. It also revisits the suspension of Ant's 2020 IPO and the regulatory tensions surrounding its fintech model.
Nigerian Banks Favor Corporate Lending Over Retail Consumers
Data from four major Nigerian banks reveals a significant disparity in lending, with corporate entities receiving 10 times more credit than individual retail consumers. Despite holding ₦89.94 trillion in deposits, the banking sector prioritizes large-scale corporate loans.