QuickCheck Money when you need it

Out of the 17% of people who have a commercial bank account in Nigeria 85%+ are underserved and thats where we want to disrupt.

QuickCheck is an online/mobile company that builds financial profiles for the financially undeserved through micro-lending and hence ensuring financial inclusion.

QuickCheck uses machine learning to evaluate loans based on an estimate of the probability of default. The probability is based on both demographics filled by the applicant and non-traditional data gathered from the device. Approved loans are disbursed within seconds.

Maximum loan amount is $100 and we charge an interest of 1% daily for a maximum of 30 days.
In the past 10 months we’ve received over 90,000 applications, 43,000 of them were unique loan applications and over 11,000 were granted loans. With over 60% of customers being returning customers.

Our ultimate goal is to be the a bank in customer’s pocket where they can get very cheap loans, save and perform basic banking needs.

Fundraising

This venture is seeking finance for their venture. Are you an investor? Check out the Pro Account to see the details.

Idea

We have an elevator pitch. This is a high-risk venture that offers potentially high-rewards. We have a revolutionary new idea that will change the rules of the game.
We have an elevator pitch. This is a high-risk venture that offers potentially high-rewards. We have a revolutionary new idea that will change the rules of the game.

Our product QuickCheck aims to reach the previously financial undeserved through a micro lending system that build financial profiles for them hence ensuring financial inclusion. We assess risk using machine learning algorithms to reduce defaults. Loans are disbursed within seconds. Our target audience is 85%+ underbanked population in Nigeria

Team

We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.
We have a business network and can get introduced to the right people. We can build the product - our team has what it takes. Given the time and money, we can deliver on our promises.

Ilemobola Martins-Kuye - Co-Founder & CEO is based in Lagos,Nigeria. Computer Technology graduate with 3 years experience in Operations Management Filipe Garcia - Co-Founder & CTO based in Porto, Portugal with 4 years experience as a full-stack developer


Product

We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.
We have a working product and you can request a demonstration. We have developed the product ourselves and own all of the IP for the product.

The product is built and completely functional with over 40,000 paying customers

Revenue

We have a cash-flow prognosis. We already have revenue from paying customers.
We have a cash-flow prognosis. We already have revenue from paying customers.

We lend from $30-$100 at an interest rate of 1% daily for a maximum of 30 days. Average Revenue Per User is $11.50

Team

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