Lending software for The Bahamas

The Bahamas launched the Sand Dollar CBDC, and lenders across the islands want digital payouts to match. lendhero arrives with Bahamas credit bureau, NIB number and Bank transfers already connected, so your team configures products instead of plumbing.

See the local stack
  • BSD (B$)
  • English
  • 13 local connectors
  • 1–2 weeks to launch

Hi, Danielle

ApprovedB$ 8,000

811

Credit score

On-time payments

Monthly paymentB$ 787

Market profile

The Bahamas at a glance

What lendhero is set up for in The Bahamas before your team logs in.

Currency

BSD (B$)

Languages

English

Supervisor

Central Bank of The Bahamas

Credit data

Bahamas credit bureau

Payout rails

Bank transfers, Sand Dollar, Kanoo

Data protection

the Data Protection Act

13
local connectors wired in before kickoff
BSD
for pricing, payouts and repayments
1–2
weeks from kickoff to the first loan
1
interface languages: English

Working with borrowers in The Bahamas

Tools for every borrower conversation

Borrowers in The Bahamas apply, sign, pay and come back for repeat loans in English and BSD.

Applications in minutes

Borrowers apply on the web or in the app, and staff file applications from the back office. A half-filled form waits for them to come back.

New application

Draft saved
Step 2 of 4 · Personal detailsStep 2/4

Reminders that get read

Approvals, due dates and overdue notices go out by WhatsApp Business and Infobip automatically.

Your application is approvedWhatsApp Business
Your payment is due tomorrowInfobip
New receipt in your portalSMS

Rewards for repeat borrowers

Points for on-time payments, promo codes for campaigns and manual adjustments by staff.

WELCOMEfirst loan
Bonus balance1,240 pts

A portal for repeat loans

Repeat borrowers reapply without retyping data, extend or repay from their phone.

Extend loan
Repay early
Refinance

Contracts without paperwork

Loan agreements, extension requests and receipts are generated and e-signed in English.

Loan agreementSigned
Extension requestReady
Payment receiptDraft

Decisioning

Decisions in seconds, explained in plain words

Third-party and built-in checks run in one flow, for individuals and businesses. Every approval and decline shows the rules and scores behind it.

  • Every check in one passAnti-fraud, identification, credit bureaus, sanctions and digital footprint.
  • Rules you can readYour team can answer any borrower about why.

Application #48213

Danielle · Consumer loan, 6 months · B$ 8,000

Approved
Credit score712
  • IdentityVerified
  • Anti-fraudPassed
  • Credit bureau712
  • Debt-to-income31%
  • Sanctions & watchlistsClear
Decision time28 s

Local stack

The The Bahamas stack, connected before kickoff.

lendhero ships with the connectors lenders in The Bahamas use every day, from Bahamas credit bureau to Kanoo. New ones are added through the open API.

  • Credit bureaus & registries1 connector
    • BBahamas credit bureau
  • Identity & KYC2 connectors
    • NNIB number
    • SSumsub
  • Bank & alternative data1 connector
    • BBank statement parsing
  • Disbursement rails3 connectors
    • BBank transfers
    • SSand Dollar
    • KKanoo
  • Repayments & collections2 connectors
    • KKanoo
    • BBank debit
  • Messaging3 connectors
    • WWhatsApp Business
    • IInfobip
  • E-signature2 connectors
    • DDocuSign

Checks and payments

Who borrows and how money moves in The Bahamas

Applicants are checked with Bahamas credit bureau, and money moves via Bank transfers and Sand Dollar.

Client checks

Checks connected in The Bahamas:

  • Anti-fraud servicesDevice, behaviour and blacklist checksPass
  • Identity verificationNIB number, SumsubPass
  • Credit bureausBahamas credit bureauPass
  • Government registriesNational ID and tax registriesPass
  • Bank and alternative dataBank statement parsingReview
  • Additional data sourcesTelco, open banking and your own listsAuto

Payment infrastructure

Payment rails connected in The Bahamas:

DisbursementBank transfers, Sand Dollar, Kanoo in BSD
RepaymentKanoo, Bank debit
Status checksEvery payment tracked until it settles
Reversals and refundsCancel or refund with a full audit trail
  • Bank transfers
  • Sand Dollar
  • Kanoo
  • Bank debit

Loan servicing

Every loan and every repayment on one screen

Edit terms, recalculate interest, apply penalties and follow the full schedule without exporting anything.

  • Automatic calculations for every loanInterest, fees and penalties in BSD are calculated by a dedicated engine with 200+ configurable parameters. Staff can still adjust any amount by hand, and every change is logged.
  • Loan products in minutesSet up consumer, instalment and business products with their rules and scenarios in the admin panel, without a release.
  • Notifications tied to every calculationEach due date, penalty and recalculation sends the right message to the borrower and your team.

Loan #48213

B$ 8,000

On track
Auto-calculated · 200+ parametersManual edit
Repaid B$ 2,850 of B$ 8,5602 of 6 payments
DateAmountStatus
Sep 4B$ 1,430Paid
Oct 4B$ 1,430Paid
Nov 4B$ 1,430Due in 7 days
Dec 4B$ 1,430Upcoming
Jan 4B$ 1,430Upcoming
Reminder sentYour payment of B$ 1,430 is due Nov 4

Loan flow

How a loan runs in The Bahamas. Five steps, all local.

  1. 01ApplyBorrowers apply on the web, in the app or via WhatsApp, with forms in English.
  2. 02VerifyIdentity and documents are checked through NIB number and Sumsub.
  3. 03DecideScorecards pull Bahamas credit bureau data and return a decision in seconds.
  4. 04DisburseFunds go out via Bank transfers or Sand Dollar in BSD, straight after signing.
  5. 05CollectRepayments arrive via Kanoo and Bank debit, with reminders over WhatsApp Business.

Portals

One platform, three portals

Everyone works in the same system and sees only what their role allows.

My loan

B$ 8,000

Next payment

B$ 1,430 · Nov 4

Pay now

Extend loan

Customer portal

Borrowers apply, repay, extend and track loans online.

Applications

DanielleVerifierApproved
Daniel O.AnalystReview
Maria L.RiskApproved
Tomas K.AnalystDeclined
Lena P.VerifierReview

Staff portal

Managers, analysts, risk, verifiers and collectors work side by side.

Role · Verifier

12 users
View applications
Verify documents
Approve loans
Edit loan terms
Export reports

Super-admin portal

Products, roles, permissions and rules change without a release.

Products

What lenders in The Bahamas launch on .

Credit union lendingMember loans with savings-linked limits and share pledges.
Consumer loansPersonal credit with digital applications and e-signature.
Auto and asset loansVehicle and equipment financing with dealer origination.

Compliance

Configured for CBOB and the Data Protection Act.

lendhero is software: the licence stays yours. We set the platform up for the rules you operate under in The Bahamas.

Hosting & data residency

Cloud or on-premise deployment, with data stored where the Data Protection Act requires.

Consent & privacy

Borrower consents are captured, versioned and logged under the Data Protection Act.

Pricing & disclosures

Rates, fees and cost-of-credit disclosures set per product for CBOB rules.

Audit trail

Every decision, edit and message is logged for internal and external audits.

More markets in Caribbean

All Latin America markets

Questions

Frequently asked

Didn’t find the answer? Write to us and we’ll reply within one business day.

Can lendhero run a lending business in The Bahamas?+

Yes. The platform is set up for BSD, English and CBOB requirements, with 13 local connectors ready on day one.

Which credit data sources are connected in The Bahamas?+

Bahamas credit bureau. On top of that, identity checks run through NIB number and Sumsub and bank data comes from Bank statement parsing.

How do borrowers get paid and repay?+

Payouts go out via Bank transfers, Sand Dollar and Kanoo in BSD. Repayments arrive via Kanoo and Bank debit, with reminders over WhatsApp Business and Infobip.

How long does a launch in The Bahamas take?+

Usually 1–2 weeks from kickoff to the first loan, including connecting 13 local services, product setup, staff training and a test run.

Can we run several countries on one platform?+

Yes. One installation serves several countries, each with its own currency, products, languages and local connectors.

Book a demo

Lending in The Bahamas? Let’s plan the launch.

We’ll walk you through the platform, show what matters for your products and answer questions about your business.

  • A 30-minute call
  • A walkthrough on your products and markets
  • Answers on timeline, integrations and pricing

Tell us about your lending

We reply within one business day.

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