Nigerian fintech Evolve Credit score launches cloud-based lending software program

Nigerian lending market Evolve Credit score has launched Configure, its new cloud lending software program that it says will energy hundreds of recent mortgage suppliers over the subsequent 5 years.

The Evolve Credit score market brings lenders and debtors collectively in a single place, and makes comparability simpler. 

The startup raised pre-seed funding simply over a 12 months in the past, and has now rolled out Configure, an reasonably priced bank-level core lending platform that permits lenders to construct, launch, and handle any kind of mortgage product end-to-end throughout a number of distribution channels.

Configure goals to make it simpler and sooner for microfinance gamers, upstart lenders, and non-bank suppliers to deploy credit score merchandise in days quite than months, whereas present lenders are additionally capable of digitise their processes. Constructed to be versatile and configurable, the cloud-based lending platform is ready to help lending end-to-end — frontend net types, backend dashboards, and third-party integrations. 

The platform is already dwell with lenders in Nigeria and Zimbabwe, who’ve originated and disbursed over US$500,000 in loans because the non-public beta launch in August. 

“We wish to energy hundreds of recent mortgage suppliers over the subsequent 5 years,” stated Akan Nelson, founder and chief government officer (CEO) of Evolve Credit score. “We wish to make billions of {dollars} in credit score accessible to hundreds of thousands of individuals and SMEs.”

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