Credit partners

Learn how to offer credit products to Xente business clients

Overview

Our credit partners are accredited providers that collaborate with us to offer financing solutions to our shared clients. These solutions include overdrafts, invoice financing, asset financing, working capital, and more, all seamlessly integrated into our product. This partnership provides our credit partners with access to comprehensive credit scoring data, enabling them to make informed lending decisions.

How it works:

  1. We enter into a partnership agreement that enables you to offer credit to our customers.

  2. You create a Xente account for the purpose of disbursing funds to your loan customers.

  3. Our platforms are integrated to facilitate seamless loan applications, management, provision, and collection.

Loan origination

Before clients can apply for loans from you, we match you with them. They go to our credit page and request a match. You receive the match request and you can go ahead and close the deal.

Once the match is done, please let us know manually or through an API call

Loan application

Loan Application: Once you have been matched with a client, they can apply for credit from you through a HTTP and JavaScript endpoint that we embed within Xente. This redirects clients to your portal for the loan application process. It is your responsibility to make the loan decision and notify us of the outcome.

How to disburse money to loanees

After completing your internal loan scoring process, you can use Xente to disburse electronic funds. With Xente, you have several disbursement options:

  1. Xente virtual bank accounts: Transfer money from your Xente virtual bank account to the beneficiary’s virtual bank account.

  2. Other bank accounts: Disburse money to any domestic bank account using RTGS.

  3. Mobile money: Disburse money to mobile money accounts.

All of these features are accessible through our Make Payments API.

For more information, click here

Collect loan repayments

There are three ways to collect loan repayments with Xente:

  1. Virtual Bank Account Debit: We enable you to debit funds directly from the loan recipient’s bank account into your virtual account with Xente.

  2. Direct Bank Account Deposit: Loan recipients can deposit funds directly into you're virtual bank account. We will send you an instant transaction notification so that you can update your loan management system accordingly.

  3. Mobile Money Collections: You can collect payments from mobile money providers using either the Xente portal or our API.

All this functionality is available in our payments collection API.

To learn more about our collections API, please refer to our documentation here