VeendHQ says AI platform recovers N69m as lenders battle rising defaults

Businessday | 16-06-2026 10:25pm |

VeendHQ has announced that its artificial intelligence-powered credit platform successfully recovered N69 million from a total loan portfolio of N172.5 million. This recovery comes at a time when lenders are facing increasing challenges due to rising defaults on loans. The platform's capabilities in managing and recovering debts are being highlighted as essential tools for financial institutions navigating the current economic landscape.

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