Quickmart
Quickmart is a Nigerian digital Super App, operated by Quick Microfinance Bank Limited, enabling card-free fuel voucher purchases and digital banking services (wallet, Quick Cash, Quick Cheque, Quick Pay) for individual consumers and corporate users at MRS Holdings retail stations.
- Company typePrivate
- Founded-
- HeadquartersLagos, Nigeria
- Headcount—
- GTM typeB2C
- OfferingServices
What Quickmart does
Quickmart is a Nigerian digital Super App operated by Quick Microfinance Bank Limited (CBN-regulated) and developed by Bestaf Technologies Nig. Ltd., headquartered in Lagos. The platform enables card-free purchasing of fuel, lubricants, and petroleum station products through digital vouchers redeemed at MRS Holdings retail service stations across Nigeria. It serves both individual consumers and corporate users managing fleet or employee fuel allowances.
The platform is built on AWS infrastructure and centers on a digital wallet (with a ₦3,000 single-transaction top-up limit) as the core transactional layer. Surrounding products include Quick Cash (cardless ATM-style cash withdrawal via QR code and OTP, valid 30 minutes), Quick Cheque (P2P transfers via secret codes or QR codes), and Quick Pay (OTP-based merchant payments without card exposure). Supporting features include a reward points loyalty system, coupons, top-up cards, charity raffles, and iWitness (a user-submitted incident reporting tool). The platform is accessed via web and mobile, with station-locator functionality for nearby Quickmart-enabled outlets.
Quickmart's revenue model is transaction-fee based across four primary streams: petroleum product voucher sales, digital banking services (Quick Cash, Quick Cheque, wallet transactions), wallet top-up processing fees, and coupon-based promotional revenues. Customer acquisition is driven primarily by a referral program offering ₦100 bonuses to both referrer and referee, complemented by in-app banners, transactional email, and a Facebook community group. The company holds no publicly disclosed revenue figures, has no external institutional investors referenced, and operates exclusively within Nigeria.
Quickmart firmographics
Firmographics- Name
- Quickmart
- Legal name
- Quick Microfinance Bank Limited
- Website
- https://quickmart.com
- Company type
- Private
- Operating status
- Operating
- Short description
- Quickmart is a Nigerian digital Super App, operated by Quick Microfinance Bank Limited, enabling card-free fuel voucher purchases and digital banking services (wallet, Quick Cash, Quick Cheque, Quick Pay) for individual consumers and corporate users at MRS Holdings retail stations.
- Ownership category
- akta.pro rank
Quickmart industry classification
Industry- Product category
- Digital Payments & Mobile Banking
- NAICS
- Gasoline Stations with Convenience Stores (45711), Convenience Retailers (445131)
- SIC
- Retail-Convenience Stores (5412), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Automated/Unattended Convenience Stores (Smart/Checkout-Free) (CRAHABAK)
- akta.pro secondary industries
- Rapid Convenience/Quick Commerce (c-stores, snacks, essentials) (CRAFAFAC), Grocery & Convenience Delivery (TLAAADAD)
Keywords
Where Quickmart is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Markets served
Quickmart business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D
Revenue model
- Petroleum Product Sales: Revenue from selling fuel, oil, lubricants, and other petroleum station products through digital vouchers. Users purchase vouchers digitally and redeem at participating retail service stations.
- Digital Banking Services: Digital banking, wallet services, and payments integrated with Quick Microfinance Bank. Includes Quick Cash withdrawals, Quick Cheque transfers, and wallet transactions.
- Wallet Top-up Fees: Processing fees from wallet top-up transactions using card payments. Maximum single transaction limit of ₦3,000.
- Coupons and Discounts: Revenue generated through coupon-based product promotions offering percentage/flat discounts, raffles, and free products on orders.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Wallet top-up single transaction limit |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Quickmart product offering
Product offeringCore offering
Quickmart is an automated, card-free digital platform that enables users in Nigeria to purchase fuel, oil, lubricants, and other petroleum station products via digital vouchers redeemed at participating retail service stations (MRS Holdings network). The platform operates as part of a Super App that integrates a digital wallet, cardless cash withdrawal (Quick Cash), digital cheque transfers (Quick Cheque), secure tokenized payments (Quick Pay), and reward points, all backed by Quick Microfinance Bank Limited.
Product overview
Quickmart is a unified digital Super App operated by Quick Microfinance Bank Limited and Bestaf Technologies Nig. Ltd., providing digital banking, payments, wallet services, and e-commerce. The platform centers on the Quickmart Platform (an automated, card-free fuel and oil purchasing system) and the eVoucher System, which are supported by the Digital Wallet as the core transactional layer. Additional products include Quick Cash (cardless cash withdrawal), Quick Cheque (digital fund transfers), and Quick Pay (secure digital payments). The ecosystem is enhanced with Reward Points, Coupons, Top Up Cards, Raffle Tickets, iWitness reporting, and Donations features. Users access services through participating Quickmart Stations/eShops across Nigeria.
Differentiator
Problem solved
Functional benefit
Brands
- Quick Cash: Digital cash-on-demand service enabling users to send cash to others or withdraw cash without debit card or ATM.
- Quick Cheque
- Quick Pay
- Reward Points
- iWitness
Products and services
- Quickmart Platform Automated, card-free digital Super App that allows Nigerian users to purchase fuel, oil, and petroleum station products and redeem them at participating retail service stations, with integrated digital banking, payments, wallet, and e-commerce features.
- Digital Wallet Card-free digital wallet that stores user balance and reward points, supports top-up via Visa/Verve/Mastercard with OTP confirmation (maximum ₦3,000 per single transaction), and is used to pay for vouchers and other platform products.
- eVoucher System Digital vouchers purchased through the Quickmart platform that can be redeemed at Quick retail stations for fuel, oil, and other petroleum station products. Vouchers expire 32 hours after purchase unless bought with coupon codes.
- Quick Cash Service that lets users send cash to others or withdraw cash for themselves without a debit card or ATM by generating a secure QR code and OTP valid for 30 minutes for cash pickup at designated locations.
- Quick Cheque Digital cheque feature that enables instant transfer of money from the user's wallet to any other user as cash or directly into their wallet, redeemable using a unique secret code or QR code at Quick retail stations.
- Quick Pay Secure digital payment method where the merchant receives a one-time password/token to complete the transaction, so card numbers are never exposed, reducing fraud risk for both buyers and sellers.
- White Products (Fuel) White petroleum products — fuel and related retail station products — available for purchase through Quickmart and redeemable at participating retail service stations.
- Lubricants Lubricant products available for purchase through Quickmart at participating retail service stations.
- Top Up Cards Physical or digital cards purchased by users that entitle them to a credit amount for future usage, redeemed by entering codes in the Quickmart system.
- Raffle Tickets Charity raffle tickets purchased through the Quickmart app, with proceeds donated to charity; managed by Bestaf Technologies Nig. Ltd.
Companies that use Quickmart
Customer profileSegments2 records
Ideal customer profiles2 records
Quickmart technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature5 records
Quickmart partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Quick Microfinance Bank LimitedcoreQuick Microfinance Bank Limited operates a unified digital Super App platform with Quickmart providing digital banking, payments, wallet services, and e-commerce services. Personal information is securely shared between entities to enable wallet payments, merchant checkout, transaction reconciliation, fraud prevention, lending eligibility assessment, and regulatory compliance obligations.
Scale indicators1 record
Recent moves1 record
Expansion highlights4 records
Quickmart competitors and assessment
Company assessmentBroad incumbents
- FairMoney: Nigeria-focused digital bank offering consumer credit, deposits, and payments via mobile app. Comparable to Quickmart's super app ambitions anchored to a regulated Nigerian microfinance entity.
- Carbon (formerly Paylater): Nigerian digital lending and payments platform with a regulated banking license. Overlaps with Quickmart's Quick Microfinance Bank-led wallet and payments stack, though Carbon's core is credit-led.
Others
- MRS Holdings: Nigerian downstream petroleum marketing company whose retail service station network underpins Quickmart's voucher redemption. Strategic partner and infrastructure counterparty rather than a software competitor.
Regional players
- TotalEnergies Marketing Nigeria: Major Nigerian fuel retailer with its own loyalty and card programs at forecourts. Relevant peer because it competes for the same fuel-purchase occasions that Quickmart digitizes and could become a future voucher-redemption partner or competitor.
Direct peers
- OPay: Nigeria-headquartered super app offering mobile wallet, payments, cardless withdrawals, merchant acquiring, and ride-hailing. Directly comparable to Quickmart's digital wallet plus payment and Quick Cash-style offerings for Nigerian consumers and merchants.
- Paga: Pioneer Nigerian mobile money and payments platform with agent network for cash-in/out and merchant payments. Comparable to Quickmart's QR/OTP-based Quick Cash and wallet-based transfers for Nigerian consumers.
- PalmPay: Mobile money and payments super app operating across Nigeria with wallet, bill pay, transfers, and merchant services. Overlaps with Quickmart's wallet, Quick Pay, and reward/loyalty mechanics targeting Nigerian consumers.
- Moniepoint (TeamApt): Nigerian digital bank and merchant payments platform serving agents, SMEs, and consumers with wallet and POS acquiring. Comparable to Quickmart's wallet and digital banking features operated from a microfinance-bank perimeter in Nigeria.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights6 records
Customer concentration
Quickmart social profiles
Digital presenceQuickmart compliance and trust
Trust signalCompliance3 records
Quickmart financial estimates
Financial estimateRevenue estimate
Valuation estimate
Quickmart leadership team
Management profileNumber of profiles
Quickmart funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Quickmart M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Quickmart
What does Quickmart do?
Quickmart is an automated, card-free digital platform that enables users in Nigeria to purchase fuel, oil, lubricants, and other petroleum station products via digital vouchers redeemed at participating retail service stations (MRS Holdings network). The platform operates as part of a Super App that integrates a digital wallet, cardless cash withdrawal (Quick Cash), digital cheque transfers (Quick Cheque), secure tokenized payments (Quick Pay), and reward points, all backed by Quick Microfinance Bank Limited.
Is Quickmart a public or private company?
Quickmart is a private company. It is classified as unknown and is currently operating.
When was Quickmart founded?
Quickmart was founded in -1.
Where is Quickmart based?
Quickmart is headquartered in Lagos, Nigeria, in the Africa region.
How does Quickmart make money?
Four revenue lines are on record. Petroleum Product Sales are the primary driver. The others are digital Banking Services, wallet Top-up Fees and coupons and Discounts.
Who are Quickmart's main competitors?
Broad incumbents on record are FairMoney and Carbon (formerly Paylater). MRS Holdings is listed as an others. TotalEnergies Marketing Nigeria is listed as a regional player. Direct peers are OPay, Paga, PalmPay and Moniepoint (TeamApt).
Does Quickmart have an API?
No public API is recorded for Quickmart.
What industry is Quickmart in?
Quickmart's product category is Digital Payments & Mobile Banking. Its primary akta.pro industry code is CRAHABAK, Automated/Unattended Convenience Stores (Smart/Checkout-Free), with a secondary code of CRAFAFAC, Rapid Convenience/Quick Commerce (c-stores, snacks, essentials). Its NAICS code is 45711 and its SIC code is 5412.