The gap between collecting data and using it well is where most digital lending companies either grow or stall. Here is how to close it.
There is a conversation I have had many times with Nigerian digital lending companies and some fintech startups. It usually starts the same way. Someone in leadership, a founder, a CFO, sometimes a COO, leans across a table or joins a virtual meeting and says some version of this: “We have all the data. We just need to do more with it.”
It is an honest statement. And it almost always signals the beginning of a real and important journey because, in my experience working with Nigerian fintech companies on their data infrastructure, what that statement usually means is this: the data is there, but the capability to turn it into decisions is still being built. Whether the right data is being collected consistently, structured
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