Digital Loan Portal

Development
Consultant
PROPOSAL FOR FEED THE FUTURE NIGERIA
AGRIBUSINESS ACTIVITY (FTF)

RubikPay Limited
CONFIDENTIAL | DECEMBER 2020
1.0 Vendor Declaration
REF: RRFP-CNFA-1220-01
To:
FTF Nigeria Agribusiness Investment Activity
28A Danube Street, Maitama Abuja

Dear Sir/Ma,

RE: CONSULTING SERVICES PROPOSAL FOR FEED THE FUTURE NIGERIA AGRIBUSINESS
ACTIVITY (FTF)

We, the undersigned, hereby provide the attached offer to perform all work required to complete the activities and
requirements as described in the above-referenced RFP. Please find our offer attached.

We hereby acknowledge and agree to all terms, conditions, special provisions, and instructions included in the
above-referenced RFP. We further certify that the below-named firm – as well as the firm’s principal officers and
all commodities and services offered in response to this RFP are eligible to participate in this procurement under
the terms of this solicitation and under USAID regulations.

Furthermore, we hereby certify that, to the best of our knowledge and belief:

 We have no close, familial, or financial relationships with any CNFA or project staff members;
 We have no close, familial, or financial relationships with any other offerors submitting proposals in response
to the above-referenced RFP; and
 The prices in our offer have been arrived at independently, without any consultation, communication, or
agreement with any other offeror or competitor for the purpose of restricting competition.
 All information in our proposal and all supporting documentation is authentic and accurate.
 We understand and agree to CNFA’s prohibitions against fraud, bribery and kickbacks.
 We understand and agree to CNFA’s prohibitions against funding or associating with individuals or
organizations engaged in terrorism or trafficking in persons activities.
 We hereby certify that the enclosed representations, certifications, and other statements are accurate, current,
and complete.

We, the undersigned further agree that if our offer in this document is accepted by CNFA, the resulting contract, if
any, shall be based on the CNFA Standard Terms and Conditions issued with the RFP (subject to any permitted
variations attached to the RFP).

Authorised Signature: Name and Title of Signatory:

Mr. Henry Mba

Date: 18-Dec-2020 Company Name: RubikPay Limited

Company Address: 12 Landbridge Avenue Oniru Telephone: +2349079054908
Estate, Victoria Island, Lagos Website: www.rubikpay.net

Company Registration or Taxpayer ID Number: Does the company have an active bank account?
21488043-0001 (Y/N): Yes

Official name associated with the bank account (for payment): RUBIKPAY LIMITED

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2.0 Document Information
Document Title: Digital Loan Portal Development Consultant
Document No.: RRFP-CNFA-1220-01
Date: 18-December-2020
Revision History
Rev # Date Section(s) Revision Summary

Presented to:
Company: CNFA
Contact Person:
Phone Number:
Email Address: operations@ag-invest.org

3.0 Contents
1.0 Vendor Declaration.........................................................................................................................1
2.0 Document Information....................................................................................................................2
4.0 Conflict of Interest Statement..........................................................................................................4
5.0 Purpose............................................................................................................................................4
6.0 About Us.........................................................................................................................................4
6.1 Technical Consultancy......................................................................................................................4
6.2 Agency Banking................................................................................................................................4
Our Products...........................................................................................................................................4
6.5 RubikPay Limited’s Experience........................................................................................................5
6.6 Business Structure & Governance.....................................................................................................5
7.0 Our Competitive Edge.....................................................................................................................6
8.0 Our Scorecard.................................................................................................................................6
9.0 Deliverables & Scope of Work........................................................................................................7
9.1 Work Concepts & Innovations..........................................................................................................7
10.0 Methodology...................................................................................................................................7
10.1 Project Framework........................................................................................................................10
10.2 Project Milestones.........................................................................................................................10
10.3 Development Personnel.................................................................................................................11
10.4 Site Specification Summary..........................................................................................................11
11.0 Timeline........................................................................................................................................12
12.0 Implementation & Cost Summary.................................................................................................13
12.1 Payment Terms..............................................................................................................................14
13.0 Implementation Team...................................................................................................................14
14.0 Conclusion....................................................................................................................................17

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4.0 Conflict of Interest Statement
We wish to state authoritatively that there is no conflict of interest issues that will prevent our firm from
taking up this engagement.

5.0 Purpose
a) Design and launch the MSME Development Fund loan portal to support profiling of MSMEs across
13 local government areas, loan application, monitoring/management and recovery.
b) Ensure the developed portal adheres to the nine Principles for Digital Development and Web Content
Accessibility Guidelines.
c) The portal should be designed to allow access to the following user groups:
i. MSME applicants as the front end users for the loan application processes and fund
management,
ii. Ebonyi State Government Ministry of Business Development for viewer access and monitoring
iii. Participating Financial Institutions (PFIs) will be given access as back office users for the loan
review, approval and monitoring.

6.0 About Us
RubikPay Limited is a leading financial technology company that provides innovative, data-driven, end-
to-end technology platforms addressing mobile lending, financial inclusion, reconciliation and payment
processing inefficiencies across multiple sectors of the Nigerian economy. By providing industry-leading
technology solutions and expertise, we help customers reach new levels of efficiency, reliability and
sustainability.
RubikPay has provided a variety of payment solutions for internal external customers. Services rendered
are tied to agency banking and mobile banking space, with focus on the provision of banking services to
end users in the low and middle income group.
RubikPay Limited’s expertise is in the development, design and implementation of payment solutions,
ranging from USSD, to web and other mobile platform based solutions. Our unique value proposition is
our speed to market. Our in-house team can provide the 3 key online banking modules (Web, mobile and
USSD) in record time, using already beta tested templates and designs that meet your branding
requirements.

6.1 Technical Consultancy

Business advisory on payments & collection requirements; Project management specialists.

6.2 Agency Banking

Branchless banking services; improving financial inclusion & access; modern financial technology
adoption & propagation

Our Products
Here is a summary of services our vendors have launched with, which are live and active today:

PayBuddy Mobile Lending App (Web, USSD, Mobile App)

RubikCube Agency Banking Solution leveraging Mobile App integrated to Mobile POS
Mobile Loans, Account Opening, Wallet, Agency Banking etc. (Web, USSD and
SpectrumPay
Mobile App)
Mobile Loans, Account Opening, Wallet, Agency Banking etc. (Web, USSD and
BiziPay
Mobile App)

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6.5 RubikPay Limited’s Experience
In terms of existing banks/MFIs that we have implemented similar solutions for, we are currently live
with ACCION MFB & SPECTRUM. We are also currently working on 3 implementations for MFIs.
These implementations are for mobile, web and USSD based solutions for customers of these MFIs.
In terms of similarity to the RFP published, our solution is 100% in tune. However, we are currently
using our agency banking platform to collect payments for commodity-based transactions at various
markets in the middle belt. This is a unique proposition that can allow RubikPay to provide 3rd party
banking services for CNFA in target markets.

 Team expertise across the finance industry, producing financial technology solutions.
 Significant global experience and international deployment capabilities
 Project management and oversight, as well as tactical strategy development and execution

6.6 Business Structure & Governance

As our core corporate governance culture, RubikPay Limited focuses on balancing the interests of the
company’s many stakeholders, including our shareholders, the senior management executives, our
customers, suppliers, financiers, the government, and the community. We channelize the resources of our
company and business by applying our corporate governance to our People, our Performance, our
Purpose and our Processes.
Additionally, we maintain principles that embrace transparency, accountability, and security. We reach
out to members of the community to encourage lines of communication that promote the company
transparency.
Security is a serious matter with RubikPay Limited. We push for our customers/clients need to feel
confident that their personal information is not being leaked or accessed by unauthorized users.

7.0 Our Competitive Edge

Specifically on this project, we have personnel on the implementation team who played significant roles
in the development of a few e-learning platforms with different objectives.

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In addition, we currently have a Loan Management Module that takes a dynamic and innovative approach
to providing loan management services that offers an exciting and interactive user experience. We plan to
integrate the solution as a customized fit into our platform.
The modular software platform is:

 Flexible
 Easy to customize
 Highly adaptable

Data
Capture

Funds Bill
Transfer Payments

Integrated
System

Customer Loan
Mgt Application

Asset
Mgt

8.0 Our Scorecard

Over the years, we have garnered experience from delivering results to our clients in line with our range
of services. Based on your need, here are a few examples of the work we have done:

Client Service Description Client Contact

Accion MFB Customized and deployed a Digital Simon Aderinola,
Banking Solution that features Digital Phone: +2348062758802
savings product, Digital Loan Products, Email: saderinola@accionmfb.com
Pay Bills, Transfer Money Investments,
Targeted Savings, Referrals and
Rewards and Agent Banking Module
Spectrum MFB Customized and deployed a Digital Joseph Olanipekun,
Banking Solution that features Digital Phone: +2348039115424
savings product, Digital Loan Products, Email:
Pay Bills, Transfer Money Investments, joseph.olanipekun@spectrummfb.com
Targeted Savings, Referrals and
Rewards and Agent Banking Module
BizPay LTD Customized mobile, USSD, and web- Robert Akhimien
based lending platforms with airtime, Phone: +234809700773
data, and bills payment functionalities Email: Robert.akhimien@gmail.com

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9.0 Deliverables & Scope of Work
Following a review of your RFP, a summary of your requirements are as follows, and will act as the
guide for the scope of work:
a. Developing a framework for receipt and vetting of loan applications.
b. The portal should be able to perform each of the following functions:
i. Beneficiary enumeration/Data Capturing
ii. Account creation
iii. Verification
iv. Fund management

9.1 Work Concepts & Innovations

Big Data Integration, Analysis & Reporting:
We will have reporting and analysis tools that will mine user data and
display the reports for stakeholders to have full visibility and be able to
take informed decisions, while also help with proper monitoring and
evaluation of the project.

10.0 Methodology
We adopted the Agile Software development model in order to efficiently accommodate our rapidly
paced incremental development cycles. This approach facilitates a steady stream of (new) feature
releases, and improvements on existing ones. As a result, quality testing is guaranteed to ensure the
retention of our excellent software quality.
Project Management:
Our team consists of certified Project Management and ITIL Professionals who have handled complex
and multiple projects successfully over the course of their careers. We replicate success paths in a
customizable format. We use an iterative process and methodology which involves a high degree of
interaction with the client and/or end-user to maintain alignment with the project objectives.

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The above diagram depicts our methodology for implementing our solutions development.
Content Design & Development:
With our in-house experts in Data Analytics, we will collate, analyse, and arrange all collated information
appropriately to suit the corresponding features & functionalities.
Some of the key activities here will include:

 Interviews and meetings to collate requirements

 Design of Figma representations
 Content review
 Testing
Technical Services:
Here, we will conceptualize, design, and develop a web platform to house all financial services features,
including but not limited to: loan application & management, funds management, dashboard
monitoring, and document management. Platform will be fully mobile-friendly and intuitive. We will
develop a working prototype of the modules for testing and approvals.
Our Web-based dashboard lets you visualize major activities and information on user account at a glance.
Simple clicks enable users perform tasks and transactions on the go.

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The Admin dashboard, accessed only by authorized Super Users, allows for high level control,
processing, and approval of transactions and functionalities on the platform. It provides an oversight of
the solution’s full functionalities.
Monitor transaction channels. Know where your traffic is coming from so you can enhance the efforts to
that channel. Manage Loan Applications. Keep track of status of all loans – pending, disbursed,
repayments, overdue, and rejected. Download reports in PDF, XLS, or CSV. Set a date range to filer and
download reports of your choice.

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10.1 Project Framework

Phase 1 Phase 2 Phase 3

Involves the Curriculum Program
initial Development Launch
preparation Content
which includes:
Monitoring &
Development
Evaluation
• End-to-end Software
planning Development &
• Engagement of Integration
personnel &
vendors
• Budgeting and
mapping of all
activities.

The diagram below depicts how the various components of the technology solution can fit together to
deliver value and CNFA objectives.

10.2 Project Milestones

We will work with the CNFA team to agree on what the milestones will be, however, we are suggesting
the inclusion of these major milestones:

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 Phase 1
Project Initiation
Requirements analysis,
collation of materials,
specifications, planning and
design.
Phase 2 Phase 3
Content and Architecture Site Review and Approval
Review
Prototype approvals for Testing, Go-Live, Training
Aesthetics, graphics layout,
storyboard layout, navigation,
fonts, colour scheme, usability,
accessibility, etc

Content and module reviews

and approvals
We expect the following validation activities during the various stages of the development:
1. Project validation & advance paid
2. Validate project plan, scope and timeline
3. Validate Wireframe (as applicable)
4. Validate Mockup
5. Validate Content
6. Validate Design
7. Validate Usability

10.3 Development Personnel

This project will be carried out by the following key personnel, namely:
1. Project Lead x 1
2. Project Assistant x 1
3. Product Manager x 1
4. Enterprise Architect x 1
5. Content Analysts x 2
6. Web Application Developer x 3
7. Graphics Designer x 1

10.4 Site Specification Summary

 The website will be built using a content management system. This allows non-technical users to
be trained in updating the website as required with minimal difficulty. This also allows for
platform flexibility to extend the features and functionalities of the website as desired.
 Web hosting will be with a top-10 rated host company, with guaranteed 99.9% uptime.
 World-class security features will be integrated to minimise chances of site hacks.
 Hosting infrastructure is scalable, accommodating increased traffic and desired web features.
 Maintenance/Support Plan, if taken, will ensure our team is available for onsite/offsite support
all-year round (this will be within the limits covered by the support plan, if chosen)

11.0 Timeline
The timeline outlines the milestones and procedure to complete this project. We will follow a four-phase
process to ensure customer satisfaction and project efficiency. Our process begins with a discovery
phase where we plan everything clearly, then a creative phase where all visual elements are designed,
then a technical phase where the visual elements are brought to life, and finally a review and testing
phase where the modules and application functionalities are fully tested for goal/purpose achievement.

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The entire project is estimated at 14-16 weeks for completion, from date of order and depending on any
changes in project scope. As a summary of estimated duration of activities, see below.

Project Management Activities 4-5 weeks

Content Design & Development Activities 6-8 weeks
Technical Activities 4-6 weeks

Factors affecting delivery timeline may include:

1. Delays in content provision by organisation representatives
2. Delays in approvals and sign-offs from relevant personnel
3. Delays in milestone payments, where applicable
4. Unforeseen circumstances, including but not limited to political, economic, religious, or ethnic
disruptions

12.0 Implementation & Cost Summary

The portal application will be implemented as a content management solution with functionalities such
as:

 Responsive Design (Mobile Optimization)

 Statistics/Analytics
 Live Chat
The cost implications below are representative of the estimated costs to complete the scope of work as
required within the RFP.

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Project Management

Cost Items Unit Quantity/Days Unit Price Total Price Notes

Requirements Analysis &
1 4 Days 190,476.19 761,904.76  
Consulting
Business Case development 1 1.5 Days 190,476.19 285,714.29  
Wireframes Maps
1 1 Day 190,476.19 190,476.19  
Development

Process Maps Development 1 1.5 Days 190,476.19 285,714.29  

Functional Requirement
1 1.5 Days 190,476.19 285,714.29  
Document
Development of Final Project
1 0.5 Days 190,476.19 95,238.10  
Report

    SUB TOTAL ₦1,904,761.92

Content Design and Development

Cost Item Unit Quantity/Days Unit Price Total Price Notes
Design & Mockups 4 Days 190,476.19 761,904.76  
       
    SUB TOTAL ₦761,904.76

Technical Services

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 Cost Item Unit Quantity/Days Unit Price Total Price Notes

Web Design (GUI & Layout) 1 4 Weeks 190,476.19 5,333,333.33  

Web Applications
Development (including
1 4 Weeks 190,476.19 5,333,333.33  
functionality modules and
plug-ins)

API Integration +
1 4 Weeks 190,476.19 5,333,333.33  
Configuration

Application Testing 1 7 Days 190,476.19 1,333,333.33  

    SUB TOTAL ₦17,333,333.33

The above is one-off cost, but based on the current design requirements. Additional requirements may attract
further charges.

Website Infrastructure
Cost Item Unit Quantity/Days Unit Price Total Price Notes
Domain Registration &
1 2 Days 190,476.19 380,952.38  
Administration

Web Hosting (Linux Scalable

Dedicated Servers; fortified
with core security features,
SiteLock Essentials, 500k 1 5 Days 190,476.19 952,380.95  
Visits Per Month, 3GB
CodeGuard Backups, SSL
Certificate)

    SUB TOTAL ₦ 1,333,333.33

Note that the above is to be paid ANNUALLY.

TOTAL BUDGET       ₦21,333,333.33

Amount in Words: Twenty-One Million, Three Hundred & Thirty-Three Thousand, Three Hundred &
Thirty-Three Naira, Thirty-Three Kobo Only.

12.1 Payment Terms

1. An advance payment of 50% of total sum is to be made as mobilization towards commencing
work.
2. Project is divided into targeted milestones, and the remaining 50% is spread across the fulfillment
of the set milestones, made before the commencement of the next phase.
3. Applications will only be loaded to live server after receipt of final milestone payment.

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13.0 Implementation Team
As mentioned, we have a highly qualified team who have shown competence across various industries
over the past 25 years. Meet some of our team and resource persons that help in delivering top notch
service every single time since the founding of RubikPay Limited.
1. Henry Mba: Henry Mba possesses over 10years experience in building and designing financial
technology solutions. He has worked in several renowned FinTech companies and has executed
multiple projects that revolve around data aggregation/collection, data processing and mining,
payments and collections, revenue assurance and business intelligence products for both
corporate and government parastatals. Currently, the CEO and founder of RubikPay Limited with
a passion for finance and technology, his wealth of experience in the design and implementation
of digital banking products is second to none. A graduate of computer science and MBA in
finance and investments with several professional certifications not limited to PMP, ITIL and
more.

2. Kunle Sadare: Kunle is a charismatic leader and people manager with a distinctive passion for
excellent service delivery and process improvement. He holds a post graduate degree in
Information Systems Management from University of Greenwich in the United Kingdom. He has
worked with Sky TV, CashPlus – a MasterCard company, and AirPlus International (A Lufthansa
Company), during which period he created and designed operational & administrative processes
for the organization, which was adopted across board by the company’s European offices. He is
an MCP (Microsoft Certified Professional) with training and knowledge of CCNA (Cisco
Certified Network Associate) and PRINCE 2 project management. He has a flair for operational
process improvement, business development, and training. Kunle has been a facilitator and
trainer on various professional platforms for government institutions such as: Federal Airports
Authority of Nigeria (FAAN), Industrial Training Fund (ITF), Corporate Affairs Commission
(CAC), Ministry of Defence (MoD), Federal Road Safety Commission (FRSC), and the Federal
Ministry of Health. His core competencies include: Project Lead and Management, People
Management, Training and Change Management, Business Process Improvement, Business
Development, Strategy and Innovation, Business/Report Writing.

3. Chekwube Udeogu: An electronic Engineering graduate of the prestigious University of Nigeria,

Nsukka. A software engineer with 4+ years of experience participating in the complete product
development lifecycle of successfully launched products. He is currently the Lead Developer for
RubikPay Limited.

4. Ikenna Ezemamku: Ikenna is a goal driven individual with exceptional skills in product
research, requirements elicitation, stakeholder management and quality perspective approach on
processes, workflows and procedures. Also being a Quality Assurance Engineer, he is a good
advocate for the user experience and a solid expert in conducting alpha and beta testing of
features, modules and applications. Ikenna has a Bachelor’s degree in Computer Education and
has obtained professional certifications such as MCP (Microsoft Certified Professional), CCNA
(Cisco Certified Network Associate), CCNP Routing (Cisco Certified Network Professional),
ITIL (Information Technology Infrastructure Library) and ISTQB Foundation (International
Software Testing Qualification Board). He has worked as Product Test Manager for Tea-Pot NG
– a software testing consultant and August-Pee International – an E-Commerce Merchant;
creating and executing software test plans, cases and scripts to uncover, identify and document
software problems and their causes, delivering thorough testing reports that determine product
quality and release readiness.

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5. Opeyemi Sangobowale: Opeyemi is passionate about the future of technology and continuous
process improvement which translates to, not just the development of new technology but the
optimization of existing technology. She has delivered technology projects across multiple
sectors including Fintech, Utility, Healthcare and Manufacturing. Opeyemi is the Product
Specialist for RubikPay Limited.

6. Michael Iduku: Michael Iduku is a full stack software developer with over 5 years’ experience
in developing a wide range of tools and software solutions for a range of clients. He has proven
expertise in building products for FinTech companies, educational institutions and services
industries. He understands the software development life cycle in depth and very capable at all
aspects of development from project planning to requirements gathering through to writing and
testing codes, creating documentation and support. Currently, a software developer at RubikPay
developing world class FinTech products and agency banking solutions. He is a computer science
graduate and highly skilled in the use of technologies and frameworks such as java programming
language, spring boot, NodeJS, angular, ionic framework, react, react native, MongoDB, and
MySQL.

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14.0 Conclusion
In all, we are confident of our ability and capacity as an organisation to deliver on your objectives. We
remain flexible and adaptable as well, looking to leave a legacy for the many who will benefit from the
Feed the Future Nigeria Agribusiness Activity, directly and indirectly, in the various target communities.
Where any clarifications are required, kindly reach out to a member of our team via email
(info@rubikpay.net) or phone (08034654797), and we will be glad to assist as best possible.
We thank you for the opportunity, and look forward to playing this significant role in this globally
impactful project.
Best Regards,

Henry Mba
Chief Executive Officer
RubikPay Limited

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