Fintech startup Lendsqr is launching a ₦1 billion working capital fund to support lenders
- Lendsqr offers a line of credit to clients to expand their lending operations.
- The company has a ₦1 billion fund for overdrafts to its clients.
- Qualified lenders will be charged 4% per month on disbursed funds.
Lendsqr's initiative to provide credit lines to digital lenders is a significant step towards enhancing the lending ecosystem in Nigeria. By addressing the critical need for affordable funding, Lendsqr not only supports its clients but also fosters a more inclusive financial environment. This could potentially lead to a more robust lending market, benefiting both lenders and borrowers.
