December 26, 2021
QuickCheck is a FinTech company founded in Nigeria in March 2017, incorporated under the Nigerian entity Arve Limited with a Money Lender’s Certificate from Lagos Chief Magistrate’s Court Registry. It provides underserved Nigerian consumers and micro-businesses with near-instant document-free loans 24/7 via a mobile application. For the moment, QuickCheck offers microloans up to 30 days tenor and NGN 30,000 (~USD 80). Quickcheck builds its success on its loyalty-building user experience (returning customers represent 70%+ of granted loans each month) and its proprietary algorithm that uses big data and machine learning to score clients automatically.
Since its inception, the company has issued loans worth over $40m, approving 1.1 m loan out of 3.3 m applications.
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