{
  "id": 12310638,
  "title": "Regxta disburses ₦10 billion to micro-businesses using alternative-data credit scoring",
  "url": "https://urgent.news/2026/10/06/regxta-disburses-10-billion-to-micro-businesses-using-alternative",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T05:41:24.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/06/regxta-disburses-%e2%82%a610-billion-to-micro-businesses-using-alternative-data-credit-scoring/"
  },
  "original_language": "en",
  "account": "Lagos-based Regxta Global Services Limited disbursed over ₦10 billion in loans to individuals and micro-business owners across Nigeria, expanding a credit model for borrowers with little or no conventional credit history. This milestone comes as many small businesses and informal-sector borrowers face challenges accessing credit, often relying on formal identification, documented income, collateral, and established borrowing history, which many micro-business owners lack. To bridge this gap, Regxta developed a lending model combining alternative customer data with an agent-led distribution network. Since its launch in October 2023, Regxta has written more than 100,000 loans and onboarded 35,000 customers. Previously, Regxta's loan record-keeping and monitoring were manual, making it difficult to track the loan book and identify repayment issues. The company's Chief Technology Officer, Moses Obika, aimed to move away from scattered manual processes by introducing a central system for tracking loan activity, enabling real-time visibility into the portfolio. This system, developed over a year, assesses customers with no credit history and no collateral, offering visibility into the portfolio in real-time. The alternative information used by Regxta allows borrowers to establish a financial record even without one. The agent network continues to reach customers who may not complete an entirely digital lending process. Regxta's lending volumes have grown from ₦10,000 in the platform's first month to over ₦10 billion in cumulative disbursements.",
  "summary": "Lagos-based Regxta Global Services Limited has disbursed more than ₦10 billion in loans to individuals and micro-business owners across Nigeria, as the lender expands a credit model designed for borrowers who may have little or no conventional credit history. The milestone comes against a broader challenge facing many small businesses and informal-sector borrowers, where access […] The post…",
  "key_points": [
    "Regxta disbursed over ₦10 billion to micro-businesses in Nigeria.",
    "Company uses alternative-data credit scoring for borrowers with little credit history.",
    "Real-time loan tracking system introduced to monitor loan activity."
  ],
  "editors_take": "Regxta's use of alternative-data credit scoring has successfully expanded access to credit for micro-business owners and individuals with little or no conventional credit history in Nigeria.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}