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How to sign up for Lendsqr: A step-by-step guide for lenders
Starting a lending business today no longer requires building complex technology from scratch, hiring a large tech team, or waiting months for setup. Traditional lending often depends on manual processes, spreadsheets, and disconnected tools. These approaches can be slow, error-prone, and difficult to scale.
Lendsqr is a cloud-based loan management software designed for fintechs, microfinance institutions (MFIs), salary lenders, and independent lenders. It provides a complete digital lending infrastructure through an intuitive admin console (back office). This includes loan origination, automated credit decisions, borrower onboarding, disbursements, repayments, and reporting, all in one place.
Signing up is your first step to accessing these tools. Once verified, you can configure loan products, share a branded borrower web app, manage credit risk, and start disbursing loans without writing code.
Real-world scenario:
Imagine you run an HR department that wants to offer salary advances to employees, or you are a small fintech targeting underserved borrowers in Nigeria. With Lendsqr, you sign up, set up a simple payroll-linked loan product, onboard employees via a web link, automate approvals using your own rules, disburse funds directly to bank accounts, and track repayments, all from one dashboard. No more manual tracking or compliance headaches.
This guide walks you through the sign-up process, explains why each requirement matters for secure and compliant lending, and shows what happens next.
The entire process takes about 10 to 15 minutes, and Lendsqr offers a free plan to help you get started quickly.
Why these sign-up requirements matter
Lendsqr powers real financial transactions, so it must verify that every lender is legitimate, licensed (where required), and accountable. This protects borrowers from unlicensed operators, reduces your liability, and ensures smooth operations such as fund disbursement and repayment collection.
Regulatory compliance in lending (especially in Nigeria with CAC and CBN rules) is essential. The documents you provide during sign-up unlock full platform capabilities, such as connecting disbursement accounts and activating lending products.
What do I need to sign up to Lendsqr?
Lendsqr works for different kinds of lenders, and the role you select during sign-up determines which features and tools the platform activates for your account. Have the following ready before you begin:
Personal and business identification
Full name: Use the name on your government-issued ID or CAC registration.
Mobile number: This will be used for account recovery and important alerts. Use a number you check regularly.
Email address: A business email such as admin@yourcompany.com is strongly recommended over a personal one. This becomes the primary login and communication address for your account.
Address: Your home or registered office address works.
These details help personalize your account and support secure access.
Business documents
Certificate of incorporation: This is the document issued to your business after registration with the CAC (Corporate Affairs Commission) in Nigeria. It confirms your business exists as a legal entity. Accepted formats are PDF or JPEG, with a maximum file size of 2MB. Without this, your account cannot be fully verified.
Company license: This is your proof that you are legally permitted to lend money. It could be a CBN microfinance license, a state-level lending permit, or another relevant regulatory approval depending on your business type. Uploading this is what allows Lendsqr to activate your lending products.
Logo: Upload your company logo in PNG or JPEG format. This appears on your borrower-facing web app and helps build trust with your customers from day one.
Why these matter: Without verified documents, you may be limited to exploration mode. Full verification connects you to real lending workflows, for example receiving repayments into your settlement account.
Bank account details
Bank information: Add your account number, bank name, and account name exactly as they appear with your bank. This is required to set up your disbursement account, which is how you fund loans, and your settlement account, which is how repayments are returned to you.
Why this is essential: It sets up your disbursement account (to fund and send out loans) and settlement account (to receive repayments). This closes the loop on the lending cycle: origination to approval to disbursement to repayment.
Step-by-step sign-up
Step 1: Visit the Lendsqr website and click “Create free account”
Go to lendsqr.com and click the “Create free account” button at the top right corner of the homepage.
Step 2: What brings you to Lendsqr?
Choose the option that best matches what you want to do, whether you are a lender or a borrower.
Step 3: Complete the form and submit your details
Fill in your personal information and business information. Double-check that all information matches your official documents exactly before submitting. Mismatches between your submitted name and your CAC registration, for example, can delay verification.
Step 4: Check your inbox for a verification email
After submitting, Lendsqr will send a verification email to the address you provided. Check your inbox within a few minutes. If you do not see it, check your spam or junk folder.
Step 5: Click the link to activate your account
Open the email and click the activation link. This will confirm your email address and take you to the next step of setting up your lending business on Lendsqr.
Common issues and what to do
If you run into any problems during sign-up, here are some quick fixes:
Issue
What to Do
Verification email not received
Check spam/junk; wait 5 minutes and request resend.
Document upload fails
Ensure PDF/JPEG format and file size under 2MB.
Email already in use
Try logging in or use password reset; you may have an existing account.
Name mismatch with documents
Use the exact legal name from CAC or ID. Contact support if needed.
Wrong role selected
Reach out to Lendsqr support after sign-up to adjust.
What you can do after signing up: Discover Lendsqr’s capabilities
Sign-up is just the beginning. Once your account is active and verified, the admin console (Back Office) opens a full suite of tools for end-to-end lending:
Loan origination and product setup: Create and customize loan products with interest rates, repayment schedules, limits, and eligibility rules. Use the Oraculi decision engine for automated credit scoring based on your risk criteria.
Borrower onboarding: Share your branded web app or use channels like USSD. Onboard customers individually or in bulk, collect KYC, and manage documents.
Credit decisioning and approvals: Set up workflows, approval chains, and checks. Automate decisions while keeping manual overrides for complex cases.
Disbursement and repayments: Connect your bank accounts to disburse funds quickly and receive repayments through multiple digital channels (cards, mandates, etc.). Track everything in real time.
Portfolio management and reporting: Monitor active loans, savings (if offered), delinquencies, and performance metrics. Add team members with role-based permissions.
Customization and scaling: Customize offer letters, borrower portals, and configurable services. Integrate with payments and data providers for smoother operations.
Simple lending workflow enabled by Lendsqr
Sign up and verify → Set up loan products → Customize your borrower app → Onboard borrowers → Automate decisions and approvals → Disburse funds → Track and collect repayments → Analyze performance and grow.
Many lenders start with the free plan and scale as their portfolio grows. Features like bulk disbursement, audit logs, and compliance tools help reduce manual work, lower risk, and improve efficiency.
Next steps after activation
Complete any remaining profile setup and document verification.
Create your first loan product in the Back Office.
Explore the dashboard for quick metrics and navigation (Customers, Back Office, Settings sections).
