To make loan decisions, digital lenders collect an array of data points, your call records, GPS information, and messages. Although no digital lender will tell you what they check for, based on the data they ask for, we can make some guesses.
In an audited report published this week, Carbon, the Nigerian fintech company, declared that it made the naira equivalent of $312,905 in profit after tax in 2019. It’s a second successive year of profit for the business. First conceived as a lending platform, it now projects a “full-service” financial services menu that features investments, personal […]
The Central Bank of Nigeria (CBN) wants banks to lend more. This time it’s not just talking. It is compelling them, somewhat. But the new policy it has issued could set the stage for the first real tussle between banks and fintechs.