Are you a bank or a financial institution in Singapore and are facing one of the following challenges?
- Customer acquisition costs are increasing
- Marketing campaigns are either restricted or not delivering the desired results
- Rejection rate is increasing as wrong type of customer is applying for your products
- Difficult to find new channels to acquire customers, as referrals and walk-ins are decreasing
- Struggling to scale your business and to meet internal targets
Lendela can help you!
How to partner with us
Please reach out to [email protected]
Doing it by yourself
Banks are used to paying high costs for running campaigns by themselves, offline or online via platforms like Facebook and Google. Some banks spend additional resources on branding and promotions to try to sway the intending customers.
Financial comparison platforms
The alternative has been to use financial comparison sites that have a similar approach with paying for sponsored content to rank high on their lists. In the best cases, banks and financial institutions are paying a high fixed cost per customer who has either landed on or has completed the application form.
Some loan providers rely on agents to bring them new customers. The agent does not always have the loan provider's best interest at heart. Frequent unethical behaviour can be found, where the agent neither has the customer nor the loan provider's best interest at heart.
Lendela was set up to help banks and financial institutions acquire customers digitally, without incurring any upfront fixed costs.
We do our own marketing and build the systems for you as a loan provider to work with these applications. As our service is completely driven by successful outcomes for our lending partners, Lendela and its partners are fully aligned.
What does Lendela offer?
- A service that is always 100% free of charge to the consumer
- A service that is free of charge for banks and financial institutions to use
- A service that provides risk-free customer acquisition, as no cost are incurred until there is a successful outcome
- Access to intending borrowers that each individual loan provider cannot reach
- An opportunity to better understand how to scale a lending business online, and to have insights to how the lending market is evolving
Below is a selection of partners that are very happy with our service.
"The team at Lendela has been an absolute pleasure to work with so far. The communication channels and tech solutions that Lendela provides allows us to have real-time updates and responsiveness to the needs of our customers, engaging them in a feedback loop that brings them higher value. Over the past month, we worked closely with the team at Lendela to optimise our work-flow, and the results speak for themselves showing an increase in our conversion rate. We are glad we onboarded! Special thanks to Adiba, Ben, Danny and the rest of the team."
– Director, financial institution in Singapore
"With Lendela we were able to increase the number of loans we can approve each month. Through our partnership we minimise touch points with the customer and are able to spend more time on underwriting customers, rather than chasing documents."
– CEO, digital loan provider in Hong Kong
"Thanks to Lendela for the quality of work and service they put together for our business, we have achieved growth in the number of monthly applications as well as our loan portfolio."
– Head of marketing, loan provider in Hong Kong