Card issuer processor and banking stack for businesses in Sub-…
Miden is building a modern infrastructure that facilitates the launch of card programs and various financial products for businesses in Sub-Sahran Africa. Just by reducing integration time, card fraud, improving stability, and being customer focused we quickly rose to top 5 in TPV among card issuing Fintechs in Sub-Saharan Africa within 8 months of launch. We’re going to build the first comprehensive fintech and banking software stack for Africa, based on modern technology. We’re starting with a card issuer-processor.
Active Founders
Okiemute Avworhokai, Founder
Okiemute brings more than a decade of experience in managing financial institutions within commercial banking and the fintech sector. As a former founder of a credit firm focused on student loans, he successfully disbursed over $1.5 million within 18 months. He is now dedicated to developing Miden, aiming to address challenges he has encountered over the past ten years.
Ini Udoh, Founder
Chief Technology Officer (CTO) at Tyrus Technologies, a B2B fintech specializing in virtual cards and embedded finance solutions. With over 12 years of experience in the banking and fintech sectors, I previously contributed to major financial institutions like First Bank of Nigeria and Heritage Bank, as well as fintech firm Mukuru. I have expertise in developing innovative banking solutions have been crucial in driving Tyrus Technologies' success.
Company Launches
TLDR: Miden's intuitive API addresses challenges faced by businesses in Sub-Saharan Africa, enabling the swift launch of financial solutions such as virtual card programs, credit systems, reconciliation, and expense management systems. This is especially vital in a continent boasting the largest youth population and the fastest-growing economy.
In Sub-Saharan Africa, businesses face significant challenges in launching financial solutions promptly. The region grapples with cumbersome processes, outdated infrastructure, and prolonged timelines, hindering the swift deployment of essential tools like virtual card programs, credit systems, and reconciliation and expense management systems.
Despite rising account ownership from 43% in 2017 to 55% in 2021, Sub-Saharan Africa still lags significantly behind the global average of 76%. Africa currently represents less than 1% of global card transaction volumes, and the core infrastructure for payments remains either legacy or in its infancy.
We are a dynamic and seasoned team of banking and financial experts :
🔍 Okiemute, our adept navigator, with over 10 years of expertise in business development. Having built and successfully sold financial tools and services in banking and fintech in Nigeria, Okiemute is optimistic about the financial landscape in Sub-Saharan Africa.
🚀 Ini-Obong, the tech maestro and Chief Technology Officer at Tyrus Technologies. With an impressive 13-year journey in banking and fintech, Ini-Obong has left his mark on major financial institutions like First Bank of Nigeria and Heritage Bank, along with fintech firms like Mukuru. He is the visionary behind our virtual card program and embedded finance solutions.
Our Ask:
🚀 Explore the boundless possibilities with Miden’s intuitive API.
🔗 Connect us with businesses in Sub-Saharan Africa ready to embark on this transformative journey.
Join Miden in pioneering the future of financial accessibility in Sub-Saharan Africa. Email us at founders@tyrus.io.