Competition Commission
The Competition Commission of South Africa ensures that businesses comply with competition laws, investigates anti-competitive practices, and promotes fair market conditions.
The best digital lending software in South Africa
Lending can be profitable, but it is hard work. Lendsqr's digital lending 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 South Africa at a glance
- Regulators
- Competition Commission, Competition Tribunal, National Consumer Commission, National Consumer Tribunal, National Credit Regulator (NCR), and South African Reserve Bank
- Credit bureaus
- Consumer Profile Bureau (CPB), Experian, Managed Integrity Evaluation (Pty) Ltd, Tenant Profile Network (Pty) Ltd, TransUnion, Xpert Decision Systems (XDS), and Inoxico
- Local currency
- South Africa Rand (ZAR)
- Lenders listed
- 30
Regulators
Who regulates lending in South Africa
Lenders in South Africa answer to these bodies. Check their current licensing and reporting rules before you start lending.
Competition Tribunal
The Competition Tribunal of South Africa adjudicates cases referred to it by the Competition Commission.
National Consumer Commission
The National Consumer Commission protects consumer rights in South Africa, investigating complaints and ensuring that businesses follow consumer protection laws.
National Consumer Tribunal
The National Consumer Tribunal adjudicates disputes and enforces consumer protection laws in South Africa.
National Credit Regulator (NCR)
The National Credit Regulator in South Africa oversees the country’s credit industry, ensuring that lenders and credit providers operate fairly.
South African Reserve Bank
The South African Reserve Bank regulates monetary policy, manages the country’s currency, the rand, and ensures financial stability.
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 South Africa
30 lenders in South Africa are listed in the Lendsqr lender directory.
Lenders by type
30lenders listed
- Fintech10
- Bank9
- SME Lender5
- Money Lender4
- Microfinance Bank1
Typical loan size
ZAR 500 to ZAR 87,500
USD 4,250 to USD 45,000
Typical loan tenor
6 to 60 months
Shortest to longest typical term
What borrowers usually need
- Proof of income
- Proof of identity
- Must be 18 years or older
- Credit check
- Proof of residence
Lenders to explore
How to get licensed in South Africa
Guides from the Lendsqr blog on getting a lending license in South Africa.
Lending
How to get a lending license in South Africa
What started as a tiny tuck shop selling ice-cold drinks for Khaya soon evolved into something much bigger. However, it wasn’t long before customers, in between…
October 14, 2024
Digital lending software for South Africa
Lendsqr lets lenders in South Africa take loan applications online. Borrowers apply on the web, in your own mobile app, on USSD or on WhatsApp.
A credit decision model checks each application against your own rules, and you track disbursement and repayment from one dashboard.
Pricing in South Africa
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 South Africa
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 South Africa work with
Credit Bureau
Consumer Profile Bureau (CPB)
Consumer Profile Bureau (Pty) Ltd is a South African Payment Profile Hosting Credit Bureau offering innovative, real-time solutions. Their services include bespoke reporting, analytics, digital identification, paperless FICA, and online data analytics. In addition to standard credit bureau offerings like tracing, credit verification, and debtor profiling, they leverage big data using in-house algorithms and matching tools through API integration to optimize every aspect of the credit life cycle.
Experian
Experian is a global information services company that provides data-driven solutions to help businesses manage risk, prevent fraud, and make informed lending decisions. It also empowers consumers with tools to monitor and improve their credit health.
Managed Integrity Evaluation (Pty) Ltd
MIE is a registered credit bureau in South Africa, specializing in advanced due diligence, background screening, and business assurance solutions. Through cutting-edge technology and industry-aligned best practices, MIE supports organizations in making informed decisions, reducing risk, and ensuring regulatory compliance.
Tenant Profile Network (Pty) Ltd
Tenant Profile Network Credit Bureau is the largest and most trusted collector of employment, rental, and school fee payment information in South Africa. It has integrated over 40 data provider systems to guarantee accurate and secure data inflow from organizations of all sizes and types.
Payments
Paystack
Paystack is a technology company powering payments and growth for businesses in Africa. Founded in 2015, Paystack aims to transform and simplify the payments landscape across the continent. With a mission to help businesses in Africa become profitable, envied, and loved, Paystack provides a seamless and secure way to accept payments from customers anywhere in the world.
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.
2checkout
2Checkout is a leading digital commerce and payments platform that enables companies to sell products and services globally through multiple channels. It helps businesses acquire customers across diverse touchpoints, improve retention, optimize subscription billing models, and increase revenue through flexible payment solutions.
Bottomline Technologies
Bottomline Technologies is a global provider of payment solutions, empowering businesses to streamline their payment processes. They offer a comprehensive suite of payment solutions designed to improve efficiency and reduce costs.
Mobile money
MTN Mobile Money
MTN Mobile Money (MoMo) is a mobile financial services platform offered by MTN in South Africa that lets users manage money directly from their phones with no traditional bank account required. It’s part of MTN’s broader fintech strategy to support digital and cashless financial services.
NedBank Money App
The Nedbank Money App is a digital banking and mobile money platform that allows users to manage their finances conveniently from their smartphones. It is designed for both individual and business customers to provide secure, fast, and easy access to banking services without visiting a branch.
M-KOPA
M-KOPA is a UK-based fintech platform that operates in Kenya, Uganda, Nigeria, Ghana, and South Africa.
Verification
Civic
Civic is a digital identity and authentication platform that enables individuals and businesses to securely verify identities online. Using blockchain‑enabled technology, Civic provides decentralized identity solutions that help reduce fraud, speed up onboarding, and give users control over their personal data.
Data Zoo
Data Zoo is a global financial technology company specializing in identity verification solutions. Their services include identity data verification, business verification, and online fraud detection, enabling businesses to streamline onboarding processes, ensure compliance, and reduce fraud. With access to authoritative data sources across key global markets, Data Zoo offers real-time verification, helping businesses onboard customers efficiently while maintaining security and compliance standards.
Dojah
Dojah is a leading African fintech company that provides a range of financial services, including identity verification, payment processing, and fraud prevention.
GBG
GBG is a global leader in digital identity solutions, providing advanced technology that helps businesses verify identities, protect customer accounts, and prevent fraud. With extensive international data coverage and cutting-edge analytics, GBG enables organizations to confirm who their customers are, validate their locations, and ensure safe, compliant digital interactions.
Loan Recovery
Debitura
Debitura is a leading provider of debt recovery solutions. The company helps businesses recover outstanding debts through a combination of technology and human expertise.
Debt Kontrol
Debt Kontrol LLC is a debt collection and recovery agency that provides comprehensive debt management services in Venezuela and globally. The company specializes in helping creditors recover overdue payments while maintaining respectful and professional communication with debtors.
Able Tracers & Debt Collectors
Able Tracers & Debt Collectors is a South African agency offering comprehensive recovery solutions, including tracing debtors, amicable settlements, and legal enforcement
Collect 4u
Collect 4u provides debt recovery services to businesses across South Africa.
Questions about lending in South Africa
Who regulates lending in South Africa?
Lending in South Africa is regulated by Competition Commission, Competition Tribunal, National Consumer Commission, National Consumer Tribunal, National Credit Regulator (NCR), and South African Reserve Bank. Check their current license and reporting rules before you start lending.
How do you get a lending license in South Africa?
The Lendsqr blog has a guide to getting a lending license in South Africa.
How to get a lending license in South Africa (opens in a new tab)
How many lenders in South Africa are listed on Lendsqr?
The Lendsqr lender directory lists 30 lenders in South Africa.
How much do lenders in South Africa typically lend?
Typical loans from lenders listed in South Africa range from ZAR 500 to ZAR 87,500 and USD 4,250 to USD 45,000.
Which credit bureaus operate in South Africa?
Lenders in South Africa can check a borrower's credit history with Consumer Profile Bureau (CPB), Experian, Managed Integrity Evaluation (Pty) Ltd, Tenant Profile Network (Pty) Ltd, TransUnion, Xpert Decision Systems (XDS), and Inoxico.
How much does Lendsqr cost in South Africa?
Paid plans in South Africa start at USD 200 a month. The pricing section on this page shows what each plan includes.
Which payment providers do lenders in South Africa use?
Lenders in South Africa disburse and collect with providers such as Paystack, Flutterwave, 2checkout, Bottomline Technologies, DPO, Ebanx, Enza, and ETranzact.
How do lenders verify borrowers in South Africa?
Identity and verification providers in South Africa include Civic, Data Zoo, Dojah, GBG, GBG Idology, IDanalyzer, IDnow, and Innovatrics.
Who helps lenders recover loans in South Africa?
Loan recovery providers in South Africa include Debitura, Debt Kontrol, Able Tracers & Debt Collectors, Collect 4u, Collect A Debt, Debt Tec, DEBT-IN, and Hahn Collections.
