Digital Lending Solution from Modefin
Loans in a click, Instant approval.
SUMMARY
Digital lending solution from Modefin helps financial institutions digitize and improve the lending process through intelligent automation. With seamlessly integrated functionalities and modules, our solution streamlines the process, harnesses emerging technologies, and aids lending businesses in overcoming any shortcomings with high performance and agility.
It designed for account holders with a lower float, lesser income, and greater propensity to borrow micro amounts. At the click of an icon, such a customer is taken into a virtual zone that addresses every financial need without being drawn into procedures or paperwork.
value proposition Why Digital Lending from Modefin
Providing simplified lending and improving the customer loan experience
mLoan - an app-based solution for mobile money customers
Best-in-class tools for digital loan origination
AI-powered automated credit scoring.
In-built Fees and Commission structure for banks and wallet operators
Embedded features for automated recovery and repayment of loan
USER CASE STUDY PrimeKopa - Mobile Lending Service
Prime Bank Ltd is one of the leading private banks in Kenya and was founded in 1992. Serving its customers for over 30 years, with a network of 23 branches, Prime Bank has the expertise to deliver flexible, efficient and personalized services.
PrimeKopa was launched on Oct. 1, 2021, and within a month more than 150 microloans totaling 5 million Kenyan Shillings (44,250 USD) were disbursed to Prime Bank customers. Until then, the Bank did not have a digital lending platform and customers had to apply offline for a loan at the branch which lengthened the disbursement cycle, especially during the pandemic.
Prior to PrimeKopa, Prime Bank lacked a digital lending platform, forcing customers to apply for loans offline at branches, leading to lengthy disbursement cycles, especially for those in remote locations.
To learn more about Digital Lending download our brochure
Our digital lending solution will streamline the entire loan lifecycle, from application to repayment for micro loans. The end-to-end digital platform handles origination, servicing, credit scoring, and reporting with unmatched efficiency.
Insights
Success Stories
Universal Merchant Bank Ghana
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