How VeendHQ Used AI to Recover ₦69 million in Bad Loans - Tech | Business | Economy

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VeendHQ says its Vida AI platform helped recover ₦69 million from overdue loans in a pilot test. The company positions the tool as an AI-driven credit platform that supports lenders across loan approval, repayment monitoring, collections, and recovery. The pilot produced a 40% recovery rate and the company says that materially outperformed typical manual recovery benchmarks. VeendHQ is targeting banks, microfinance institutions, digital lenders, cooperatives, and merchants that need better ways to manage delinquent portfolios. The article frames loan recovery infrastructure as a growing commercial priority for lenders in Nigeria and across Africa.

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