VIDA is an AI-powered credit decision engine built to streamline lending and BNPL (Buy Now, Pay Later) services. It gives both lenders and merchants the tools to acquire customers, assess their financial profiles, and manage repayments efficiently.
VIDA Use Cases for Lenders:
Customer Onboarding via Personalized Link
Lenders receive a unique link to onboard customers directly.
This helps them control their application pool and monitor traffic sources.
Automated Credit Evaluation
VIDA analyzes customer bank statements, income patterns, and credit history using AI.
Lenders get smart insights to determine eligibility and risk level.
Loan Offer Management
Lenders can set custom terms: amount, interest rate, tenure, and repayment frequency.
Offers are sent through VIDA, and customers can accept or decline digitally.
Collections and Recovery
VIDA links to customers’ bank accounts (via BVN) and supports automatic debits.
Enables recovery of overdue loans by debiting from any linked account.
Team Member Management
Lenders can add field agents or relationship managers to assist with customer onboarding.
Each team member gets their own referral token to track performance.
VIDA Use Cases for Merchant:
BNPL Setup and Onboarding
Merchants can register on VIDA and set up their products for BNPL offerings.
Allows customers to shop and split payments over time.
Customer Credit Checks
Before checkout, VIDA evaluates customer creditworthiness to approve the BNPL purchase.
Payment Settlement
Once a transaction is approved, the merchant receives upfront payment from the lender.
VIDA handles customer repayments in the background.
Sales Growth and Marketing
Merchants can use VIDA to attract more customers with flexible payment options.
Integrated dashboards help track performance, transactions, and revenue growth.
Withdrawal of Funds
Merchants can easily withdraw settled funds from their VIDA wallet to their bank accounts.
VIDA helps you manage credit, serve more customers, and reduce risk, whether you’re a lender or a merchant.
To get started, click on https://app.askvida.ai/signup
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