National Bank of Rwanda
The National Bank of Rwanda is the central bank responsible for regulating monetary policy, overseeing financial institutions, and ensuring financial stability.
The best BNPL software in Rwanda
Lending can be profitable, but it is hard work. Lendsqr's BNPL software makes it easier: start, launch and grow your loan business across multiple channels and make smart decisions, all at a fraction of the cost.
Quick Integration. Set up your lending business with time-saving integration.
Automated Processing. Real-time automation to optimize your business.
Fully Customizable Choose from powerful features that work for your business.
Lending in Rwanda at a glance
- Regulators
- National Bank of Rwanda
- Credit bureaus
- TransUnion
- Local currency
- Rwandan Franc (RWF)
- Lenders listed
- 26
Regulators
Who regulates lending in Rwanda
Lenders in Rwanda answer to these bodies. Check their current licensing and reporting rules before you start lending.
All the capabilities
you need to simplify your lending process
Our robust end-to-end loan management software enables us to offer support throughout the entire lending lifecycle.
Origination means receiving and setting up loan requests.
origination
We’ve digitized the entire loan origination process
Launch your lending business effortlessly across multiple channels including web, mobile, WhatsApp, USSD, and APIs. Our lending software solutions get your loan business up and running in as little as 30 minutes.
Channels & Distribution
Create and manage diverse loan products that cater exactly to what your customers want, all with our easy-to-use management tools.
Learn more about Channels & Distribution
Loan Product Management
Savings & Investment Management
Manage your entire lending operations all-in-one place
With Lendsqr's advanced loan management back office, you gain total control and clarity over every aspect of your loan business.
customer MANAGEMENT
The most efficient customer management tool for lenders
Easily scale to manage your growing customer base. Track your most important customer metrics such as onboarding attempts, active and inactive users, and logins.
transaction monitoring
Track real-time data on all the transactions in your business
Gain a wider overview and summary of all the transactions that happen in your loan business. View and download all settlement summary data for faster resolutions and planning.
automations
Reduce the risk of manual errors
Our back office is fully equipped with powerful automations that reduce the time it takes to complete repetitive tasks like approvals, disbursement and repayments, allowing you to spend more time on growth.
teams
Unleash efficient collaboration within your business
Simplify teamwork by inviting team members and assigning specific permissions for streamlined business management. From risk assessment to client interactions, Lendsqr makes collaboration easy, enhancing your overall lending efficiency.
reporting
Get detailed insights on your business
Our dashboard and reports provide you with extensive data on how your products and customers are doing. Monitor your top performing products, customers and other metrics, helping you channel your efforts better.
Lenders in Rwanda
26 lenders in Rwanda are listed in the Lendsqr lender directory.
Lenders by type
26lenders listed
- Bank8
- Microfinance Bank6
- SME Lender6
- Fintech3
- SACCOs2
- Money Lender1
Typical loan size
RWF 30,000 to RWF 12,500,000
USD 275,000 to USD 2,500,000
Typical loan tenor
1 to 60 months
Shortest to longest typical term
What borrowers usually need
- Proof of income
- National ID
- ID
- Business plan
- Local phone number
Lenders to explore
How to get licensed in Rwanda
Guides from the Lendsqr blog on getting a lending license in Rwanda.
Lending
How to obtain a lending license in Rwanda
As a lender getting the hang of the lending industry in Rwanda today, a thorough understanding of the legal frameworks is required.
April 11, 2024
Buy now, pay later software for Rwanda
Lendsqr lets lenders and merchants in Rwanda offer buy now, pay later. Shoppers split a purchase into installments, your decision model checks each shopper, and every installment is tracked until the last one is paid.
You set the installment plans, fees and limits, and manage BNPL loans from the same back office as the rest of your lending.
Pricing in Rwanda
Choose the plan that suits your needs. Paid plans also have a one-off setup and licensing fee, quoted during onboarding.
Free
$0
Per month, billed monthly
Free Features:
Loans and loan Products
Decision Models
Disbursements
Customer Web App
Pro
$200
Per month, billed monthly
+ one-off setup fee, quoted during onboarding
All features in Free +
Team management
Offer letters
Approval Workflows
Web App Customizations
Business
$500
Per month, billed monthly
+ one-off setup fee, quoted during onboarding
All features in Pro +
White label mobile app (with additional cost)
Customer Groups
Referral Configurations
Savings and Investment
Adjutor API Service
Enterprise
Custom
+ one-off setup fee, quoted during onboarding
All features in Business +
External loans (Web SDK)
Custom mobile app
CBA/ERP Integrations
3rd party integrations
On-premise deployment license
WHY LENDSQR?
We've overcome every challenge to empower your success.
Having encountered nearly every issue a lender might face, we offer comprehensive solutions. By choosing Lendsqr as the backbone of your digital lending platform, you are choosing guaranteed growth and success.
Cost effective
Launch at 5% of the cost of building your own proprietary platform.
Faster time to market
Launch on the web in as little as 30 minutes, add USSD within hours, and go live with a mobile app in weeks.
Community immunity
Access to tons of data from other lenders to collaboratively block bad borrowers.
Expertise
Lendsqr talents have extensive experience with credit, data, and tech.
Lenders love Lendsqr!
Our strong capability and robust platform enable us to offer support across the entire lending lifecycle.
3.7m+ customers
Our Lending-as-a-Service platform helps lenders serve over 3.7m humans across the world.
Available in 190+ countries
We're global but also localized for every currency and locale.
Cost effective solution
Getting started with Lendsqr is very affordable. Our lenders leverage a robust infrastructure at a fraction of the cost it would take to build theirs!
30 mins average time to market
It can take as little as 30 minutes for a lender to sign up and start accepting loan requests. Yet, we also deliver customized features in record time.
Trusted by lenders world-wide
We're helping lenders across the world scale their loan business
Trusted by established lenders around the world
Enterprise and small teams rely on Lendsqr.
Lendsqr has significantly expedited our entry into the difficult but large retail lending market. Their solution not only shortened the time to market but also at a significantly reduced cost.
Abubakar Suleiman
CEO, Sterling Bank (SnapCash)
Get providers to power your lending in Rwanda
Need the right providers to support your lending? We’ve gathered everything from payment solutions to KYC tools, credit checks, and bank statement services all in one place. Let’s help you get started with the right partners today.
Explore now (opens in a new tab)
Providers lenders in Rwanda work with
Credit Bureau
TransUnion
Transunion offers total credit protection all in one place from credit score, credit report and credit alert. Transunion is a registered credit bureau and a repository of credit information on consumers and businesses. TransUnion provides a spectrum of risk and credit analysis products that help business make smarter decisions.
Payments
Flutterwave
Flutterwave is a fintech company founded in 2016, focused on building seamless payment infrastructure for businesses worldwide, with a strong emphasis on the African market. The company's mission is to simplify payments for endless possibilities, enabling businesses of all sizes to accept, process, and disburse payments through a range of versatile payment solutions. With a robust platform that supports multiple currencies and payment methods, Flutterwave has become a key player in connecting Africa to the global economy.
Airtel Money
Airtel Money Rwanda is a mobile money service operated by Airtel Rwanda, part of Airtel Africa. It provides a digital wallet that allows users to send, receive, store, and manage money directly from their mobile phones without needing a traditional bank account.
CapitalPay
CapitalPay provides a range of digital payment services for merchants and consumers, including mobile wallet integration, online payment gateways, and secure transaction processing. It focuses on providing seamless, scalable solutions for businesses of all sizes.
DPO Pay Rwanda
DPO Pay Rwanda is part of DPO Group (Direct Pay Online), a leading African payment service provider that enables businesses to accept and process digital payments across multiple channels. The company operates in Rwanda as part of its wider African footprint, supporting merchants, SMEs, and large enterprises with secure and scalable payment solutions.
Verification
Uqudo
Uqudo is a digital identity company with a mission to bring trust to digital interactions. The company’s award-winning technology platform is at the forefront of innovation in identity management, driving digital transformation worldwide.
iiDENTIFii
iiDENTIFii is a biometric identity verification platform providing secure, real-time identity validation.
Questions about lending in Rwanda
Who regulates lending in Rwanda?
Lending in Rwanda is regulated by National Bank of Rwanda. Check their current license and reporting rules before you start lending.
How do you get a lending license in Rwanda?
The Lendsqr blog has a guide to getting a lending license in Rwanda.
How to obtain a lending license in Rwanda (opens in a new tab)
How many lenders in Rwanda are listed on Lendsqr?
The Lendsqr lender directory lists 26 lenders in Rwanda.
How much do lenders in Rwanda typically lend?
Typical loans from lenders listed in Rwanda range from RWF 30,000 to RWF 12,500,000 and USD 275,000 to USD 2,500,000.
Which credit bureaus operate in Rwanda?
Lenders in Rwanda can check a borrower's credit history with TransUnion.
How much does Lendsqr cost in Rwanda?
Paid plans in Rwanda start at USD 200 a month. The pricing section on this page shows what each plan includes.
Which payment providers do lenders in Rwanda use?
Lenders in Rwanda disburse and collect with providers such as Flutterwave, Airtel Money, CapitalPay, DPO Pay Rwanda, DusuPay, Esicia, I&M Bank Rwanda, and Jambo Pay.
How do lenders verify borrowers in Rwanda?
Identity and verification providers in Rwanda include Uqudo and iiDENTIFii.
