QuickCheck, a micro-lending mobile platform that provides collateral-free loans, has announced its new partnerships with Jumia and PayAttitude, which will provide credit access as a catalyst for economic growth and development.
According to the Chief Executive Officer, Fabiano Di Tomaso, increased e-commerce transactions and smartphone penetration are indicative of a population segment seeking a higher quality of living, which also relate to the underbanked.
He said QuickCheck, for six months, had been the only credit provider for Jumia customers subscribed to the JumiaOne app.
“We have taken it one step further by partnering with Jumia to provide access to loans, through its own credit scoring algorithm used for the underwriting of borrowers. This affiliation will allow customers to take loans easily through the app. QuickCheck is also collaborating with PayAttitude,” he added.
CEO, PayAttitude, Babatunde Okeniyi, said the partnership shows their commitment to democratizing access to financial services and make loans available to customers.
Di Tomaso expressed his excitement at the opportunity QuickCheck has in reducing the inclusion gap in the country and enabling consumers’ participation in the economy through its digital financial services.
“What does this mean for Nigerians? People who have been financially excluded now have multiple avenues to take loans from, on platforms they are already using. These digital partnerships support the rapid emergence of new cross-industry business models as everything becomes connected and digital.
“Yes, we do rely on our leading product, the QuickCheck app, which is our main focus. However, we are driven by the relentless pace of innovation – we see challenges every day and we want to solve them and improve people’s lives.
“We have a team dedicated exclusively to problem validation and testing of new ideas. If we can imagine a solution, we can build it. We also have a few other projects in the pipeline with third parties We believe they will push us to an even wider audience and help to achieve our end goal- financial inclusion,” Di Tomaso added.