The Mifos Initiative

Global 501(c)3 fintech non-profit leveraging the cloud, mobile & open source community to democratize financial services & digitally transform the world’s 3B poor & underbanked. Our mission is to scale the development and impact of inclusive fintech through an open community to advance the financial health of the underbanked.

We guide the OSS community, steer the roadmap, and steward the vibrant ecosystem of organizations building solutions on top of Mifos & Apache Fineract. Our building blocks for banking, recognized as digital public goods and digital public infrastructure to achieve the UN SDG of No Poverty, make core banking commoditized infrastructure, empowering any organization, anywhere to embed any financial service to any customer via any channel.

The Mifos Initiative is a global 501(c)3 fintech non-profit leveraging the cloud, mobile & open source community to democratize financial services worldwide and digitally transform the world’s 3 billion poor and underbanked. Our mission is to scale the development and impact of inclusive fintech through an open community to advance the financial health of these 3 billion underbanked. Mifos has pioneered open source banking technology for the past fifteen years transforming the entire sector at each major stage of evolution from microfinance to financial inclusion to digital financial service. Mifos guides the open source community, steers the roadmap, and stewards the vibrant ecosystem of organizations building solutions on top of Mifos and Apache Fineract. Their building blocks for banking, recognized as digital public goods and digital public infrastructure to achieve the UN SDG of no poverty, make core banking commoditized infrastructure, empowering any organization, anywhere to embed any financial service to any customer via any channel. Mifos was chosen as an MIT Solver for the 2021 Digital Inclusion Global Challenge and awarded the 2021 Banking Tech Award for Best Contribution to Economic Mobility in Banking & Finance. More than 20 million clients are reached by 500+ financial institutions across 56 countries using solutions powered by its APIs

Company Size

2-10 employees

Website

mifos.org

Foundation

2011

Industry

Information Technology & Software Development

Company Type

Private