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Key Point
- The QuickBucks platform has issued N740 billion ($456.8 million) in loans over seven years to enhance lending accessibility.
- QuickBucks, launched in 2017, has provided 18 million loans for various needs, including business and education.
- Since its founding, Access Bank has grown to over 700 branches across 22 markets and serves 60 million customers.
Access Bank, the flagship banking subsidiary of Access Holding, a leading financial services group led by Nigerian banker Aigboje Aig-Imoukhuede, has disbursed N740 billion ($456.8 million) through its QuickBucks digital loan platform over the past seven years. This initiative aims to enhance lending accessibility for Nigerian consumers.
Expanding financial solutions since 2017
Since its inception in 2017, QuickBucks has issued well over 18 million loans. The platform caters to diverse needs, including business loans, vehicle financing, and educational expenses.
Njideka Esomeju, Access Bank’s Group Head of Consumer Banking, underscored the platform’s growth and its role in providing financial freedom amidst economic pressures. “Our goal is to offer accessible digital lending solutions to all Nigerians,” she said.
Efe Obaigbena, Unit Head of Digital Lending, highlighted QuickBucks’ role in addressing urgent financial needs, while Oladisun Dawodu, Team Lead of Digital Lending, emphasized the bank’s commitment to fintech innovation.
“QuickBucks Loans utilize automation and are part of our strategy to incorporate AI, blockchain, and other technologies for improved financial solutions,” Dawodu noted.
From local bank to global presence
Founded in 1988 and launched as a private commercial bank in 1989, Access Bank has grown significantly. With over 700 branches worldwide and a presence in 22 markets, it serves 60 million customers across three continents.
The bank employs approximately 28,000 people in Nigeria and maintains operations in sub-Saharan Africa, the UK, Dubai, and has representative offices in China, Lebanon, and India. Earlier this year, Access Bank’s market capitalization surpassed $1 billion, and it recently received approval to establish a Restricted Licence Branch in Hong Kong.
