Lendsqr
Lendsqr is a comprehensive lending-as-a-service platform providing digital infrastructure for lenders to launch, manage, and scale credit operations with automated decisioning and integrated payment processing.
Loan Performer
Loan Performer is a specialized microfinance banking software designed to help you manage loans, savings, shares, and accounting within a single integrated platform for financial institutions.
Quick Comparison
| Feature | Lendsqr | Loan Performer |
|---|---|---|
| Website | lendsqr.com | loanperformer.com |
| Pricing Model | Freemium | One_time |
| Starting Price | Free | $99/month |
| FREE Trial | ✘ No free trial | ✓ 30 days free trial |
| Free Plan | ✓ Has free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2018 | 1998 |
| Headquarters | Lagos, Nigeria | Kampala, Uganda |
Overview
Lendsqr
Lendsqr is a digital lending platform that gives you the infrastructure to launch your own lending business in minutes. Instead of building complex systems from scratch, you get a complete suite of tools to manage the entire loan lifecycle—from user onboarding and credit scoring to disbursement and automated collections. You can reach your customers through web, mobile apps, or USSD channels while maintaining full control over your risk parameters.
The platform solves the headache of manual credit processing by integrating with credit bureaus and payment gateways automatically. You can define your own loan products, set interest rates, and use the built-in decision engine to approve or decline applications instantly. It is designed for lenders of all sizes, including microfinance institutions, commercial banks, and individual lenders looking to digitize their operations efficiently.
Loan Performer
Loan Performer is a comprehensive management information system built specifically for microfinance institutions, credit unions, and SACCOs. You can automate your entire operational workflow, from initial client registration and loan application processing to complex interest calculations and regulatory reporting. The software helps you maintain tight control over your portfolio by tracking repayments in real-time and generating automated delinquency alerts to minimize financial risk.
You can choose between local desktop installations or cloud-based deployment depending on your infrastructure needs. The platform supports multi-currency transactions and multi-language interfaces, making it a flexible choice if you operate across different regions. By integrating your front-office banking activities with back-office accounting, you eliminate manual data entry and ensure your financial statements always reflect your current portfolio status.
Overview
Lendsqr Features
- Multi-Channel Origination Reach your customers wherever they are by offering loans through web portals, mobile apps, and USSD codes.
- Automated Credit Scoring Make instant lending decisions using integrated data from credit bureaus and social data to evaluate borrower risk.
- Smart Loan Management Track your entire portfolio in real-time and manage repayments, extensions, and penalties from a single dashboard.
- Integrated Payments Disburse loans instantly and automate collections through built-in integrations with major payment processors and banks.
- KYC and Verification Verify your borrowers' identities automatically using BVN, government IDs, and facial recognition technology.
- Custom Loan Products Create and launch diverse loan offerings with your own specific interest rates, tenors, and repayment schedules.
Loan Performer Features
- Loan Portfolio Management. Track every stage of the loan lifecycle from application to final payout with automated interest and penalty calculations.
- Savings and Shares. Manage member savings accounts and share capital easily while calculating dividends and interest based on your specific rules.
- Integrated General Ledger. Automatically post all your banking transactions to the accounting module to keep your balance sheets accurate and up-to-date.
- Mobile Money Integration. Connect your system to mobile payment providers so your clients can deposit savings or repay loans directly from their phones.
- Regulatory Reporting. Generate standard central bank reports and internal financial statements with a few clicks to stay compliant with local laws.
- Biometric Identification. Secure your client transactions using fingerprint scanning to prevent identity fraud and ensure only authorized users access accounts.
Pricing Comparison
Lendsqr Pricing
- Web and Android apps
- Standard credit bureau checks
- Automated loan disbursement
- Basic reporting tools
- Email support
- Everything in Free, plus:
- Custom domain branding
- Advanced risk management tools
- Priority technical support
- Lower transaction processing fees
- API access for integrations
Loan Performer Pricing
- Full module access
- Single concurrent user
- Local database support
- Standard reporting tools
- Email technical support
- Everything in Single User, plus:
- Multiple concurrent users
- Wide Area Network support
- Branch synchronization
- SQL Server database support
Pros & Cons
Lendsqr
Pros
- Extremely fast setup for new lending businesses
- Robust integration with African credit bureaus
- Automated collection features reduce default rates
- User-friendly interface for non-technical staff
Cons
- Transaction fees can add up quickly
- Customization options limited on free tier
- Learning curve for complex risk configuration
Loan Performer
Pros
- Extremely detailed functionality tailored for microfinance
- Strong compliance with international accounting standards
- Works reliably in areas with low internet connectivity
- Supports a wide variety of loan products
Cons
- Interface feels dated compared to modern web apps
- Initial configuration requires significant technical expertise
- Steep learning curve for non-technical staff