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Loanspot

ActiveFintechDigital Lending & CreditLagosFounded 2020

What it does

Loanspot was created as an online loan comparison portal and digital credit aggregator matching borrowers with vetted African lenders. The system evaluates a applicant's credit profile to recommend customized loan products from licensed institutions. It is recognized for bringing transparency to consumer loan discovery.

Consumer / retail lendingCredit scoring & underwriting

Known for

  • Digital credit marketplace platform
  • Loan product comparison engines
  • Borrower-lender matching algorithms
  • Transparent credit aggregation

Model & industry

Marketplace / Aggregator modelBanking & Financial Services