1,260+ licensed microfinance and payment operators.
Yet, 64M Nigerians remained unbanked!
MICROFINANCE BANK
Expanding Financial Inclusion with Nigeria’s Most Reliable Microfinance Banking System
A microfinance banking system for Nigeria’s unbanked majority, Quick Microfinance Bank enables individuals, vendors, businesses, and cash-oriented masses to have easy and secure access to savings, payments, credit, loans, and rewards through one connected ecosystem designed by SandCup.
Powering the way Nigeria Banks
$1B+
In Transactional Value
Fintech was Expanding. Inclusion was not.
Nigeria’s fintech market had moved from early momentum to nationwide adoption, with real-time payment transactions rising from 2B in 2020 to 11B in 2024.
36%
Financial Exclusion
The Nigerian banking sector faces severe issues, with many excluded from formal financial services.
20%
Interest Rate
Sky-high interest rates over 20% are crippling access to affordable loans in Nigeria.
52,000+
Fraud Cases
39%
Banking Penetration
Rural banking remains drastically underserved, leaving many without essential financial access.
SandCup’s Opportunity to Build from the Ground Up
Not a challenge. Changing the digital workflows that benefit everyone in a nation’s economy came as a dream project for SandCup!
The ultimate goal was to ideate, design, and deliver access, trust, and feasibility for the daily needs of all Nigerians.
On-Ground Research Revealed a Staggering Reality
As we stepped into Nigeria, what unfolded was a serious constraint for the economy. Many users still depended on cash, informal agents, limited documentation, rural access, and high-cost credit.
Cash was not a weakness to remove immediately. It was the existing behavior the system had to respect.
The Solution
In collaboration with Quick MFB, SandCup entered early to ideate the digital journey of any Nigerian willing to bank, even if they don’t have a conventional bank account!
By acquiring and repositioning a neobank into a microfinance-led banking network across Nigeria, the first step reduced dependancy on physical banks.
With QuickMFB, the vision was simple:
Every Nigerian should be able to bank
Thus, a stage was setup for financial access to expand beyond regions and physical infrastruction, especially rural regions.
Capabilities We Brought To The Table
Business Strategy & System Foundation
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Business Consultancy
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Brand Positioning
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Business Model Design
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Strategic Design Advisory
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Market Entry Strategy
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Market Research
Digital Product Design & Execution
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Payment Flows & Onboarding
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UX Writing
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Business Model Design
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Graphics & Illustrations
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System Testing and Feedback
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UX Design
System & Banking Architecture
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Service Design
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Ecosystem Design
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Information Architecture
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Ecosystem Integration
Brand Identity & Business Collateral
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Asset Design
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Marketing Strategy
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Content Strategy
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Visual & Motion Design
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Identity Design
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Branding
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Website
The Making of a True People’s Bank
QuickMFB is microfinance in function, reducing the gap between people and seamless banking.
NIN-Led Access
Users can begin with their National Identification Number (NIN), reducing the friction of complicated and slow documentation process that makes people dislike conventional banking.
Guided Onboarding
The first step into Quick MFB needed to be as simple as possible. So we kept individual onboarding simple through mobile number, OTP, and basic details like NIN. Business and corporate onboarding include identity checks, business details, document uploads, and director verification.
Designed for Trust
Trust had to be visible in every step. Clear consent, progressive KYC, transparent fees, and audit-ready controls help customers and agents feel safe while regulators retain the oversight a licensed microfinance bank requires.
Banking Layers That Power Quick MFB’s Purpose
Quick MFB is built on connected banking layers for access, transactions, credit, and ecosystem participation.
Resilient for the Real World
Quick MFB works where internet access, advanced devices, and nearby branches could not be assumed.
USSD Integration
Extended access into low-smartphone and low-connectivity zones.
250+ Smart POS systems set up
Smart POS deployment brought payment access into physical commerce.
iOS system integration
iOS integration supported app-based users.
Hear it from Our Partner
Feedback from clients who turned their ideas tnto success with our expertise
Working with SandCup helped us bring structure to a very ambitious idea. Quick MFB had to work for everyday Nigerians while still supporting the controls needed for a true micro finance bank.
SandCup understood that balance and helped build the system in a way that made the whole vision clearer and achievable.
More than a bank. An Ecosystem.
Quick MFB is designed as the financial core of the wider Quick Ecosystem.
QuickFuel
QuickFuel extends Quick MFB into the fuel economy by digitizing fuel purchase, voucher redemption and station payments. It shows how banking can move beyond accounts and become part of high-frequency daily transactions.
QuickRide
QuickRide connects banking with mobility by turning ride booking and fare payments into a unified digital experience. Quick MFB acts as the financial engine behind every wallet top-up, ride payment and transaction record.
QuickMart
QuickMart expands Quick MFB into retail commerce by connecting users, merchants and everyday purchases. It strengthens the ecosystem by making banking part of the shopping, payment and settlement journey.
