As Nigeria’s microfinance industry celebrates two decades of driving financial inclusion and empowering communities, Qore, Africa’s leading Fintech Infrastructure and Banking-as-a-Service provider, has been announced as the headline sponsor of the 20th Anniversary of the National Association of Microfinance Banks (NAMB).
According to a statement from the company, the partnership reflects Qore’s commitment to supporting the next phase of growth for Nigeria’s microfinance institutions by enabling them to digitise faster, improve collections, and serve customers more efficiently through scalable financial technology.
For 20 years, Nigeria’s microfinance institutions have played a critical role in extending access to credit and essential financial services for entrepreneurs, small businesses, and low-income households. The subsector has become a vital part of the national economy, driving inclusion and financial empowerment in urban and rural areas alike.
As the umbrella body for more than 900 licensed microfinance banks across the country, NAMB has been at the forefront of policy advocacy, capacity development, and stakeholder collaboration. The association’s 20th anniversary serves as both a milestone and a platform to chart the sector’s future direction in a rapidly changing financial environment.
In line with this celebration, Qore says its partnership with NAMB is aimed at accelerating the digital transformation of microfinance banks through innovative solutions that modernise core banking operations, automate lending, and enhance customer experience.
With more than 15 years of experience in fintech infrastructure, Qore has established itself as one of the most trusted technology partners in Nigeria’s financial services sector. The company currently powers over 600 financial institutions, processes over 250 million transactions monthly, manages ₦155 billion in customer deposits, and facilitates ₦150 billion in loans every month.
Qore’s flagship platform, BankOne, serves as a core banking system built to help financial institutions transition from manual operations to digital-first processes. The platform supports open APIs, integration with partner ecosystems, and modular scalability — giving microfinance banks the flexibility to expand and innovate.
Other Qore solutions include Recova, a platform that automates the entire lending cycle, from loan origination and disbursement to repayment tracking and reporting. Recova provides transparency and efficiency, helping institutions reduce defaults and improve compliance with regulatory standards.
Through Cluster, Qore enables real-time 60-second collections on POS devices, allowing microfinance institutions and agents to manage payments more easily. Meanwhile, Pryme offers instant card issuance — physical or virtual — backed by reliable uptime support and strong service-level agreements.
Together, these solutions demonstrate Qore’s goal to build a robust, digital financial backbone for microfinance banks and other financial institutions in Africa. The company’s technology is designed to help institutions operate sustainably, reduce costs, and serve customers better in a competitive digital economy.
Speaking on the partnership, Patrick Irebo, Vice President of Core Banking and Merchant Services at Qore, described Nigeria’s microfinance journey as one of “courage, innovation, and community spirit.”
“For 20 years, NAMB and its members have expanded access to finance for millions of Nigerians,” Irebo said. “At Qore, we are privileged to power the next frontier — helping microfinance banks strengthen their operations, build digital resilience, and continue driving inclusion at scale.”
He added that the future of financial inclusion in Nigeria lies in the ability of microfinance institutions to embrace technology that allows them to scale services securely and efficiently.
The organisers of NAMB @ 20 said the celebration is not only a commemoration of past achievements but also an opportunity to foster collaboration and innovation across the industry. As headline sponsor, Qore will engage directly with stakeholders, share success stories, and showcase its technology-driven solutions that are redefining microfinance operations in Africa.
During the event, visitors will have the opportunity to book a free 45-minute consultation or sign a non-binding Letter of Intent at the Qore exhibition stand to access a readiness assessment and other exclusive digital transformation offers.
Industry analysts note that Qore’s partnership with NAMB highlights the growing importance of technology infrastructure in strengthening Nigeria’s financial inclusion ecosystem. By helping microfinance banks adopt digital platforms, the company is contributing to a more resilient and efficient financial system capable of supporting inclusive growth.
