Lendsqr launches voice, video AI for loan assessments
- Lendsqr has developed an AI-centred voice and video analysis model for loan assessments.
- The model targets underserved populations in Nigeria, especially those in the informal sector.
- Only 6% of Nigerian adults used credit products from regulated financial institutions in 2023, highlighting the need for innovative credit assessment methods.
TechCabal - Apr 29, 2025
Lendsqr develops AI to assess Nigerian borrowers by face and voice
Nigerian startup Lendsqr is developing an AI model that analyzes borrowers' voices and faces to asse
Lendsqr's innovative approach to credit assessment through AI technology is a significant step towards enhancing financial inclusion in Nigeria. By addressing the needs of the underserved populations, this initiative could serve as a model for similar efforts across Africa. However, it is crucial to ensure that the implementation of such technologies adheres to ethical standards and protects user privacy.
