Twolenders is an AI-powered credit scoring and lending infrastructure designed to make loans credible and accessible for Africa's informal sector, using alternative data to unlock financial opportunity.
These articles shed light on the deep credit-access gap facing Nigeria's informal sector and the huge opportunity waiting to be tapped.
This news report cites the National Credit Guarantee Company (NCGC) warning that about 80% of Nigerian micro, small and medium enterprises (MSMEs) are excluded from formal credit, mainly due to collateral shortfalls and lenders' risk aversion. It notes that MSMEs make up 40% of the economy and contribute roughly 48% of GDP, yet face a "staggering" funding gap that need to be closed.
Read the full articleSummarizing the 2024 Moniepoint Informal Economy Report, this article explains that most informal businesses generate over ₦1 million in revenue, but ...
Read full articleAfter years of anticipation, the Central Bank of Nigeria has officially approved the rollout of open banking, with full implementation set for August ...
Read full articleBuilt for Africa's financially underserved using advanced machine learning algorithms and alternative data sources.
Scores users using SMS alerts, call logs, geolocation and app metadata for comprehensive credit assessment.
Returns comprehensive credit scores and loan recommendations in under 5 seconds with 99.5% uptime.
While traditional lenders stay at the surface and fintechs explore mid-depths, Twolenders' AI dives deepest to unlock Nigeria's $20+ billion informal credit market.
Traditional Banks, MFIs and Cooperatives - Limited to surface-level risk assessment, missing 90% of potential borrowers
Fintech, Mobile and Digital platforms - Partial market reach with limited risk appetite, still excluding most informal businesses
Diving deepest to unlock Nigeria's $20+ billion informal credit market with trusted community signals and alternative data
See how Twolenders transforms borrower data into actionable credit insights in real-time for corporate organizations and individuals across Africa.
Agent or fintech app collects user data
SMS history
Call logs
Location data
App usage
"Accepted by Banks, Fintech lenders, MFIs, Cooperatives and Peer-to-Peer lenders across Nigeria to unlock credit for the informal sector worth $20+ billion."11+ financial institutions and Cooperatives already signed up.
See how Banks, MFIs, Cooperatives, PoS agents and Peer-to-Peer lenders will leverage Twolenders
FirstBank will leverage Twolenders to assess creditworthiness of small business owners without traditional collateral, increasing their SME loan portfolio by 45% while maintaining low default rates.
Everything you need to know about Twolenders' AI-powered credit scoring platform
Twolenders is an AI-powered credit scoring and lending infrastructure designed specifically for Africa's informal sector. We use alternative data sources like SMS patterns, call logs, geolocation, and app usage to assess creditworthiness in real-time. Our API provides instant credit scores and loan recommendations to help financial institutions make informed lending decisions.
Our team is here to help you get started with Twolenders. Get instant answers on WhatsApp!
Join the waiting list and be among the first to benefit from making lending credible and accessible to all by unlocking AI-powered credit scoring for Africa's informal sector with alternative data sources. Anyone can join the waiting list today.