Mifos Initiative
bankingtech . new core banking solutions
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About
The Mifos Initiative is a US-based 501(c)3 non-profit whose mission is to speed the elimination of poverty by leading a global community that builds, supports, and uses Mifos X, a free and open source platform enabling financial service providers to more effectively and efficiently deliver responsible financial services to the worlds 2 billion poor and unbanked. Our unprecedented approach to technology-enabled financial inclusion unites financial institutions, local technology partners, and volunteer developers to collectively advance open source banking infrastructure so the entire sector can sustainably build impactful innovations in digital financial services. More than 6 million clients are being reached by 250 financial institutions & fintech innovators who use the Mifos software to power their operations across more than 36 countries. They are supported by a global community of 75 deployment and platform solution partners & hundreds of volunteers.For the past decade, we have been at the forefront of transformative technology for financial services to the poor. The Mifos technology stack provides complete banking infrastructure that is cloud-ready, mobile-enabled, and scalable to the billions in need of cost-effective financial services. Our projects center around web & mobile apps that leverage APIs from Apache Fineract the world's only API-driven open source platform for financial inclusion.
The Mifos Initiative is an open source foundation that stewards the development of the Mifos Platform for Financial Inclusion
Focus
PRODUCTS & SERVICES
Financial inclusion platform
REVENUE MODEL
Non-proft orginization. They provide their platform free of cost to be used by various firms for financial inclusion initiatives.
EXISTING PARTNERSHIPS
Conflux Technologies
Musoni Services
Quipu Technologies
Resilient Business Systems
Miagstan
Skyburg Systems
SanJose Solutions
OpenSolutions Co Ltd
Skooli Labs
PCG & Partners
BMost IT Solutions
Teracom Consulting Group
INSTA Intelligence Technologies
Kanopi
Chatwin Company
FINA
Singo Africa Limited
Intrasoft Technologies
Mann-India Technologies Pvt. Ltd.
GoIT Solutions
Traction
NUMBER OF TRANSACTIONS:
80 M
TRANSACTIONS VALUE:
$791 M
ACTIVE USERS:
2.6000
ACTIVE USERS COMMENT:
clients served by 110 Fis
People
FOUNDERS
James Dailey
BOARD MEMBERS AND ADVISORS
Paul Maritz
Zaheda Bhorat
James Dailey
Suresh Krishna
Dave Neary
Craig Chelius
Edward Cable
Steve Thomson
Bryan Barnett
NUMBER OF EMPLOYEES
1-10
KEY EMPLOYEES:
Ed Cable
Craig Chelius
Momentum
FUNDED
NO
IPO STATUS
Private
ESTIMETED REVENUE RANGE
Less than $1M
LISTED
NO
Web Traffic
MONTHLY VISITS
7,029
AVERAGE VISITS (6 MONTHS)
9,914.23
MONTHLY VISITS GROWTH
-6.69%
VISIT DURATION
218
VISIT DURATION GROWTH
18.18%
PAGE VIEWS VISIT
4.26
PAGE VIEWS VISIT GROWTH
43.48%
BOUNCE RATE
47.63%
BOUNCE RATE GROWTH
-6.13%
GLOBAL TRAFFIC RANK
1,518,519
MONTHLY RANK CHANGE
-707,435
MONTHLY RANK GROWTH
-31.78%
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