Mifos Initiative

Mifos Initiative is a US-based non-profit organization established in 2012 with a mission to eradicate poverty by leading a global community to build, support, and utilize Mifos X, a free and open-source platform that enables financial service providers to efficiently deliver responsible financial services to the world’s 2 billion poor and unbanked. The initiative collaborates with 250 financial institutions & fintech innovators spanning 36 countries and is supported by 75 deployment and platform solution partners & hundreds of volunteers. Mifos' efforts have already reached over 6 million clients, a testament to their impactful innovations in digital financial services. The organization's unprecedented approach to technology-enabled financial inclusion unites financial institutions, local technology partners, and volunteer developers. Their open source banking infrastructure aims to sustainably build impactful innovations and provide cost-effective financial services to billions. The Mifos technology stack offers complete banking infrastructure that is cloud-ready, mobile-enabled, and scalable. By leveraging APIs from Apache Fineract, the world's only API-driven open source platform for financial inclusion, the organization's projects center around web and mobile apps. In summary, the Mifos Initiative is driving significant positive change in global financial inclusion through its collaborative and innovative approach. With a strong foundation and a growing community, the organization is well-positioned to continue making a meaningful impact in the fight against global poverty.