Richard Nii Armah Quaye, born on March 21, 1984, in Jamestown, Greater Accra, Ghana, is a testament to perseverance and innovation. As the founder and board chairman of Bills (formerly Quick Angels Limited/Quick Credit and Investment Micro-credit Limited), his entrepreneurial journey is both relatable and inspiring.
Overcoming Early Challenges
Like many start-ups, Richard faced a tough beginning. When traditional banks and venture capitalists turned him away due to his lack of financial records, he had no choice but to rely on family and friends. The experience of rejection and financial scarcity ignited a determination in him to not only succeed for himself but also to pave the way for other aspiring entrepreneurs.
Turning Struggles into Opportunities
In May 2019, Richard founded Quick Angels Limited, a company designed to fund and support Ghanaian start-ups and small businesses. His venture has since played a pivotal role in launching and nurturing a variety of businesses. Some of the supported enterprises include:
• Food and Beverage: Pizzaman Chickenman, Doughman Foods, Goldcoast Food, Addicent Foods, manufacturers of Benjie and Duke rice, Zaconut, and even the internationally recognized Burger King.
• Healthcare: Ridge Medical Center.
• Technology and Services: CoLi Network.
• Agriculture and Natural Products: Manufacturers of Sankofa Natural Spices and Herbs and Spices.
By providing crucial financial support, these investments have not only helped individual businesses thrive but have also created jobs and improved livelihoods across Ghana.
Accolades and Recognition
Richard’s innovative spirit and commitment have not gone unnoticed. His awards include:
• The Investment Award at the 40 under 40 Awards in October 2019.
• Overall winner and Investment Award at the 2020 40 under 40 Awards in Accra.
• European CEO Entrepreneur of the Year Award in 2020.
Outstanding Financial Service Entrepreneur and Outstanding CEO at the 2021 Ghana Entrepreneur and Corporate Executive Awards.
• Outstanding Business Investor and Business Leader at the 2021 Ghana Business Standards Awards.
Sharing His Vision
Beyond business, Richard has made his voice heard on major platforms. He shared his insights at the Ghana Investment Promotion Council’s Entrepreneurs Forum in August 2019 and at Harvard Business School’s Entrepreneurship Through Acquisition conference in December 2019, inspiring many with his story.
A Lasting Impact
Richard Nii Armah Quaye’s journey reminds us that , even the narrowest, rockiest roads can lead to success with resilience and vision. By transforming early challenges into opportunities, he built a thriving business empire and empowered countless Ghanaian entrepreneurs. His support for diverse ventures—from food and healthcare to technology and natural products—illustrates his commitment to fueling economic development and innovation in Ghana.
Whether you’re an aspiring entrepreneur or simply looking for inspiration, Richard’s journey offers a clear message: never give up, and always find a way to turn challenges into stepping stones for success.
