As Nigeria’s microfinance industry celebrates 20 years of promoting financial inclusion, Qore, one of Africa’s leading Fintech Infrastructure and Banking-as-a-Service providers, has reaffirmed its commitment to advancing the sector’s digital transformation.
Qore is the headline sponsor of the 20th Anniversary of the National Association of Microfinance Banks (NAMB), an event marking two decades of microfinance banks empowering entrepreneurs, small businesses, and low-income earners with access to financial services.
In a statement, Qore said the partnership highlights its goal of helping microfinance institutions accelerate digitisation, improve efficiency, and serve customers better through scalable financial technology solutions and infrastructure.
Over the years, NAMB — which represents more than 900 licensed microfinance banks across Nigeria — has played a pivotal role in policy advocacy, capacity building, and collaboration within the sub-sector.
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Building on this foundation, Qore aims to support microfinance banks eager to modernise their operations — from automating lending systems to offering instant, digital-first financial services adaptable to Nigeria’s diverse markets.
With more than 15 years of experience in fintech infrastructure, Qore powers over 600 financial institutions, processes about 250 million transactions monthly, manages ₦155 billion in customer balances, and facilitates ₦150 billion in loans each month.
The company’s flagship platform, BankOne, enables financial institutions to transition from manual operations to flexible, API-driven digital systems. Meanwhile, Recova streamlines the lending cycle — covering origination, disbursement, repayment, and reporting — to boost transparency and operational efficiency.
Other innovations include Cluster, which powers real-time payment collections on POS devices within 60 seconds, and Pryme, which offers instant card issuance in physical branches, vending machines, or as virtual cards, backed by strong uptime guarantees and service-level commitments.
According to Patrick Irebo, Qore’s Vice President of Core Banking and Merchant Services, the story of microfinance in Nigeria is one of “courage, innovation, and community.”
“For 20 years, NAMB and its members have expanded access to finance for millions of Nigerians,” Irebo said. “At Qore, we are proud to power the next frontier — helping microfinance banks strengthen their operations, build digital resilience, and deepen financial inclusion at scale.”
Organisers described NAMB @ 20 as not just a celebration but also a moment for reflection and collaboration to define the future of inclusive finance in Nigeria. As headline sponsor, Qore will engage with industry leaders, share success stories, and demonstrate how its technologies continue to redefine microfinance operations across Africa.
Visitors at the event will also have the opportunity to book a free 45-minute consultation session or sign a non-binding Letter of Intent at the Qore stand for a digital readiness assessment and other exclusive transformation offers.
