A full list of all Lendsqr products updates – from big improvements to obscure bug fixes – updated weekly. Made possible by your ideas and bug reports. Thank you!


April 18, 2024

  • With Kolo, you can now conveniently retrieve all bank accounts linked to a single email address at once. Kolo, a new project freshly developed by Lendsqr Labs, is capable of fetching recent transactions, corresponding account balances, and more from all bank accounts associated with your email.

    Here is how you can link your email to retrieve your bank accounts:
  • Log in to your Kolo account or Sign up as a new user
  • Navigate to your account profile settings
  • Click on the option to “Link a data source”
  • Enter the email address that you want to link as the data source.
  • Click on confirm


  • New "Balance Before" and "Balance After" columns have been incorporated into the disbursement transactions table on the Lendsqr admin console's disbursement transactions page. With these additions, you can now track your transaction history along with the corresponding balances before and after each transaction. Check this out today!


April 11, 2024

  • We've updated the date selector on your customers' web app to streamline the process of entering dates. Now, customers have the option to manually input dates, in addition to utilizing the calendar feature available across all pages.


  • A new feature has been introduced to the user interface of your customers' web app for loan applications. Detailed descriptions of the required documents are now provided at the document upload stage, ensuring that customers are well-informed about the specific documents needed.


  • We've optimized the onboarding experience for Adjutor, our API service. This includes addressing various issues to enhance intuitiveness and fixing the email verification bug. Signing up for Adjutor is now a smoother process.Sign up today!


March 28, 2024

  • The loan repayment process has been made better for your customers. This new update combines the convenience of manual loan repayments with the efficiency of mandates. Your users now have the option to manually repay their loans before the due date, all while seamlessly triggering the mandate process.


  • We have made some new enhancements to make subscribing to Lendsqr’s features better which gives you greater control and flexibility over your subscription. These enhancements make upgrade and downgrade of your access to Lendsqr's features easier than ever. There has also been an addition of a quarterly billing cycle in addition to the monthly and yearly options. The yearly options offers a 20% discount. Additionally, you now have control on when your new subscription should take effect whether immediately or until after your current subscription expires. Subscribe today and elevate your lending experience!

           

  • Adjutor API, one of our products, now offers direct debit capabilities. This means you can integrate the Adjutor API into your systems for direct debit operations, enhancing your lending business. Click here to start your journey with Adjutor.


March 14, 2024

  • As part of our ongoing efforts to facilitate direct debit transactions, we've introduced a new feature that lets lenders make e-mandate creation a part of the user onboarding process. With this new addition, mandates can now be created for every bank account added to a user profile during the onboarding process. This ensures that you can seamlessly collect payments without delays and that all user bank accounts can be utilized for payments. To learn more about how you can opt in for this feat, click here.


  • We have implemented proactive mandate activation reminders. Now, customers will receive daily email and SMS reminders each day until the 7-day mandate expiry deadline. These reminders will include clear instructions on what needs to be done and the deadline for activation. This will minimizing the risk of mandates expiring and maximize transaction efficiency.
     

February 22, 2024

  • We introduced OTP Verification for enhanced security on Lendsqr. Now every lender without a verified phone number on the admin console will now be required to verify their phone number after logging in to the platform. This is to ensure your security as well as ours.


  • We've added a new setting which allows you as a Super Admin to require 2-Factor Authentication (2FA) from your team members. With this new setting, team members without 2FA will be unable to perform any actions, bolstering account protection against unauthorized access. 

            

          How to enable this setting

  1. Navigate to the Preferences page by clicking on the settings icon at the top right of your screen 
  2. Click on system configurations under system settings
  3. Click on Organization settings in the second page of system configurations or Click here to go the setting.
  4. Edit the Require 2FA setting and check the box.


  • In case of lost 2FA access, lenders now have the ability to recover their accounts seamlessly using recovery codes. In order to generate recovery codes, you need to deactivate your 2FA and then activate again. In the last stage of activation, click the download button to get your recovery codes. Generate your recovery codes now!


February 1, 2024

  • We introduced One-Time Passwords (OTP) to your customers' accounts on your web app to validate their transactions. Your customers' will now enjoy heightened security when performing transactions providing a worry free-lending experience for you and your customers.


  • Our direct debit system has a new addition, E-Mandate, which allows your customers' to activate their mandates without having to wait for bank officers to approve the mandates. Activate direct debit now!


  • We have implemented a separation of permissions for loan bookings. You can now give distinct access for just loan bookings to your team members while maintaining control over sensitive operations. 


January 22, 2024


  • The redesigned admin console comes with improved functionality and a user-friendly interface, aimed at providing you with a more efficient and seamless experience.


  • We have ensured a smooth transition process, and your existing login credentials will remain the same. Your data and settings will also be seamlessly transferred to the new console. Sign in now