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How do you start a digital lending business?
NewMoney
#1 Posted : Friday, October 18, 2019 7:28:47 PM
Rank: Member


Joined: 3/1/2019
Posts: 106
Location: Nairobi
Anybody familiar with this lucrative sector? Am especially curious about the capital requirements and the regulatory process if any.

Any other tips and advice is also welcome.
Mike Ock
#2 Posted : Saturday, October 19, 2019 10:31:55 AM
Rank: Member


Joined: 1/22/2015
Posts: 647
At this point the tech can be done by any reputable app development team that serves African clients. The problem is having the cash to cover the loan book, and dealing with professional mobile loan fraudsters. At the moment this business is super lucrative on the top line. On the bottom line it depends on you.
NewMoney
#3 Posted : Saturday, October 19, 2019 10:47:44 PM
Rank: Member


Joined: 3/1/2019
Posts: 106
Location: Nairobi
Mike Ock wrote:
At this point the tech can be done by any reputable app development team that serves African clients. The problem is having the cash to cover the loan book, and dealing with professional mobile loan fraudsters. At the moment this business is super lucrative on the top line. On the bottom line it depends on you.



Agree with you, am looking for some specifics if anyone has them.
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