Qevolt was a digital product aimed at helping businesses accept cashless and cardless payments, primarily bank transfers, in seconds. The goal was to make accepting offline payments easy and reduce time wasted.

It was built under Qevolt Limited, co-founded by Raphael Fynecontry and Michael Aluko. The duo began thinking about the product/company with friends (Divine and Afolabi) in early 2022. Four of them researched and brainstormed the MVP to a good point, but the co-founders were left to execute when the going got tough.

The company was incorporated on July 4, 2022, but didn't launch until November 13, 2022. During that time, they recruited people, secured funding from an investor, leveraged a bank's technology, and built the product.

The product remained in beta because the team knew what they had wasn't enough to dominate the space. They ideated and tested more innovations, but the market moved quickly, more significant players entered the space, and the countryside became a bustling city.

The company stopped accepting new merchants in November 2023 but closed officially in February 2024. In a year plus of operations, they entered an accelerator, reached the finals of a national innovation competition, secured funding from another investor, and partnered with more banks.

Qevolt Limited still exists and will develop new products and services, but the flagship product is no longer available to the public.