Accelerated and precision-driven credit decisions

Access powerful insights with open finance methodologies and advanced intelligence to drive informed decision-making, while improving the lending experience for your users.

Africa's open lending protocol

Increase Conversion
To maximize the number of successful loan applications, we aim to simplify the application process, provide clear eligibility criteria, and implement a seamless user experience. Our lending platform is designed to cater to the diverse financial needs of African communities, helping potential borrowers access the funds they need.
Value 1/4
Increase Volume
Utilising Open Banking techniques, Beam can effectively assess the creditworthiness of 'thin file' applicants — individuals who would have otherwise remained 'credit invisible' to traditional lending institutions.
Value 2/4
Decrease Admin Costs
Our lending API business leverages automation, machine learning, and other innovative technologies to minimize manual processes and administrative costs. This allows us to pass on cost savings to our borrowers and maintain a competitive edge in the market.
Value 3/4
Reduce Bad Debt
To reduce the risk of bad debt, our platform utilizes advanced algorithms and data analytics to accurately assess creditworthiness. We focus on responsible lending practices, ensuring that borrowers can afford the loans they receive, and providing them with the tools and resources necessary to manage their debt.
Value 4/4
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A fully integrated suite of lending tools

We bring together everything that’s required to power loan origination and credit decisioning. Beam’s products power lending online and in-person, for buy-now-pay-later, telco, automotive, property, secured or unsecured and everything in between.

We also help companies fight fraud, improve customer experience, reduce bad debt and much more.

APIs

Ship more quickly with powerful and easy-to-use APIs

Streamline decisioning tasks with unified, consistent golden source data and automated credit analysis. We meticulously navigate the fragmented lending, regulatory, and banking sectors in the African credit landscape, enabling your teams to build solutions from one comprehensive platform.

Considering Affordability as a Key Factor

We acknowledge the economic diversity in Africa, and our lending protocol takes affordability into account when determining loan eligibility. Our goal is to provide financial products that are accessible and suitable for individuals from various income levels.

Using Up-to-Date Information

Our platform connects to bank accounts and categorises financial data to ensure that we make informed credit decisions. By staying current with the latest information, we can more accurately assess risk and make better lending decisions.

Integrating Credit Decisioning as a Function Within the Organization

Credit decisioning is a core function of our platform. We have invested in building a robust credit decisioning system, supported by a team of experts, to ensure that we maintain the highest standards of credit analysis and risk management.

1 Platform, 1 API

Our platform leverages automation, machine learning, and other innovative technologies to minimize manual processes and administrative costs. This allows us to pass on cost savings to our borrowers and maintain a competitive edge in the market.

Speed

Our platform is designed for speed and efficiency. We understand the importance of quick loan approvals and disbursements, and we have built our infrastructure to handle large volumes of loan applications without compromising on response times.

Advanced UI / UX with Progressive Design Principles

Our lending API leverages automation, machine learning, and other innovative technologies to minimize manual processes and administrative costs. This allows us to pass on cost savings to our borrowers and maintain a competitive edge in the market.

Our product

Discover our product in detail

If you are in secured, unsecured, telco, property, by-now-pay-later, or any other form of credit provider, get in touch to understand how Beam works. Leave your details in the form below and we will reach out to you.

Blog

This article is Part 3 of our series of articles on Beam’s data science philosophy, our machine learning principles and our approach to machine learning. We’ll be continuing the discussion here, unpacking the more technical aspects around our approach.
In line with our mission to develop technologies that provide best-in-class credit decisioning and infrastructure, we have been hard at work developing the first product in our line up: Vet Your Customer (VYC) by Beam.
In this post, Beam's Head of Data Science, Nicolas Gonatas, discusses Beam’s machine learning principles.

Frequently asked questions

Everything you need to know about the product and billing.

Beam’s free tier permits limited use of the platform to allow you to gain access and test the service. Contact us for more information.

Beam provides a state-of-the-art credit vetting solution, underpinned by the most current and comprehensive affordability information available. Our focus is not only on thorough and accurate evaluation, but also on ensuring a seamless onboarding process and an exceptional user experience for our borrowers.

All data and insights are delivered through our powerful and easy-to-use API.

Beam specialises in providing Bank Statement analysis, categorisation, risk insights and spending behaviour to our customers. We onboard and manage your customer’s credit life cycle.

Traditional data aggregators do not offer seamless solutions which can be set up in 24 hours. Startups can use Beam for free within hours.

Beam adheres to the guidelines and standards prescribed by the National Credit Regulator (NCR) and other relevant regulatory authorities.

Borrowers who connect permit the exchange of their data exclusively between the lender and Beam, ensuring no unauthorized parties can gain access. Upon the borrower’s request, this data-sharing arrangement can be terminated.

Beam is a completely white labelled solution.

Our customers brand image is a top priority for us. Beam is integrated into your corporate identity.

Beam’s enterprise tier provides SLA level support and account management.

Still have questions?

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Contact us

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