Regxta disburses ₦10 billion to micro-businesses using alternative-data credit scoring

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Lagos-based Regxta Global Services says it has disbursed more than ₦10 billion in loans to individuals and micro-business owners across Nigeria. Its lending model uses alternative data to assess borrowers with little or no conventional credit history.

Lagos-based Regxta Global Services Limited has disbursed more than ₦10 billion in loans to individuals and micro-business owners across Nigeria, as the lender expands a credit model designed for borrowers who may have little or no conventional credit history. The milestone comes against a broader challenge facing many small businesses and informal-sector borrowers, where access […] The post Regxta disburses ₦10 billion to micro-businesses using alternative-data credit scoring appeared first on Nairametrics.