Micheal Orji, a construction engineer in Lagos, is used to receiving sizable payments from clients. He gets alerts on his phone after the money has la
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When people think about debt recovery and debt collection in the Nigerian context, the image that comes to mind is one of harassment: the use of thugs
Read MoreExclusive: Techstars-backed BlackCopper set out to disrupt lending, now it owes investors ₦1 billion
Lending is a tough nut to crack, and Nigeria’s biggest banks, valued at trillions of naira, know this too well. Only 6.2% of Nigeria’s adult populatio
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Digital lending is notorious for teaching expensive lessons. While every lender will talk up their proprietary algorithms and foolproof loan decision
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Tanzania’s Central Bank will no longer allow unlicensed digital lenders to operate in the country and has told customers to look out for valid l
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Sycamore, a Nigerian fintech startup, offers loans for individuals and businesses, including salary and business loans. It also enables users to lend
Read MoreBefore consumer protection laws were passed, any lender could run a digital credit business. Kenya has approved the operation of 17 new digital credit
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