Mifos Initiative Information

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 world’s 3 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 35 million clients are being reached by 500 financial institutions & fintech innovators who use the Mifos software to power their operations across more than 65 countries. They are supported by a global community of 75 deployment and platform solution partners & hundreds of volunteers. For the past two decades, 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.