Qore Powers the Digital Future of Microfinance as NAMB Celebrates 20 Years of Financial Inclusion

As Nigeria’s microfinance industry marks two decades of empowering small businesses and deepening financial inclusion, Qore, Africa’s leading Fintech Infrastructure and Banking as a Service provider, has reaffirmed its commitment to driving digital transformation in the sector. The company has been unveiled as the headline sponsor of the 20th Anniversary Celebration of the National Association of Microfinance Banks (NAMB).

This partnership reflects Qore’s mission to accelerate the growth and efficiency of microfinance institutions by providing them with scalable digital infrastructure, automation tools, and reliable technical support.

For the past 20 years, Nigeria’s microfinance banks have served as lifelines for entrepreneurs, traders, and low-income earners, offering critical access to credit and financial services. As the umbrella body for more than 900 licensed microfinance banks, NAMB has played a key role in policy advocacy, capacity building, and collaboration within the subsector.

Now, Qore is helping these institutions transition to the next phase from manual operations to digital-first banking. The company’s flagship solutions, including BankOne, Recova, Cluster, and Pryme, are designed to streamline lending, collections, payments, and customer engagement.

BankOne offers an open API-driven platform that enables seamless integration, automation, and service delivery. Recova digitizes the entire lending lifecycle from origination to repayment boosting transparency and efficiency. Cluster enables real time 60 second collections through POS devices, simplifying payments for agents and customers. Pryme supports instant card issuance physical or virtual enhancing accessibility and convenience for users.

With over 15 years of experience, Qore currently powers more than 600 financial institutions, processes over 250 million transactions monthly, manages ₦155 billion in customer balances, and facilitates ₦150 billion in loans each month a testament to its leadership in Africa’s digital finance ecosystem.

Speaking on the collaboration, Patrick Irebo, Vice President, Core Banking and Merchant Services at Qore, described Nigeria’s microfinance journey as one of “courage, innovation, and community.

“For 20 years, NAMB and its members have expanded access to finance for millions of Nigerians. At Qore, we’re proud to power the next chapter helping microfinance banks build digital resilience, strengthen operations, and scale inclusion across the nation,” Irebo said.

The NAMB @ 20 celebration serves not only as a commemoration but also as a platform for reflection, innovation, and partnership in advancing inclusive finance. As headline sponsor, Qore will engage with industry leaders, share success stories, and showcase cutting edge solutions shaping the future of microfinance in Africa. During the event, visitors can book a free 45 minute consultation or sign a non binding Letter of Intent at the Qore stand to access digital readiness assessments and exclusive transformation offers, marking a bold step toward a more inclusive and tech driven financial ecosystem.