Miden is a fintech infrastructure company that provides a modern card issuer-processor and comprehensive banking stack for businesses in Sub-Saharan Africa. Miden enables organizations to quickly launch card programs and other financial products, focusing on reducing integration time, minimizing card fraud, improving system stability, and delivering customer-centric solutions.
Since its launch, Miden has rapidly established itself among the top five card issuing fintechs in Sub-Saharan Africa by total payment volume (TPV), achieving this milestone within eight months. The company’s platform is designed to support the next generation of African financial services, aiming to become the first all-in-one fintech and banking software stack for the continent.
What technology enables Miden’s platform?
Miden leverages a modern, API-driven infrastructure that allows businesses to integrate card issuance and payment processing quickly and securely. This technology reduces the time and complexity traditionally required to launch card programs, while also offering enhanced fraud prevention and stability features. The platform is built to scale with African businesses' needs, supporting both local and regional financial product launches.
Who uses Miden?
Miden primarily serves B2B customers—businesses and fintechs operating in Sub-Saharan Africa that require robust, flexible card issuance and banking capabilities. These clients include:
- Fintech startups launching new card products
- Established financial institutions modernizing their tech stack
- Enterprises and platforms expanding into digital payments
The company’s focus on quick integration and tailored support makes it an attractive partner for both emerging and established players in the African financial ecosystem.
Who are Miden’s competitors?
Miden operates within the African fintech and card processing sector, a space that has seen significant growth and innovation. Key competitors and other notable players include:
- Onafriq – Provides real-time payments network access to over 500 million wallets across Africa.
- Mastercard – Global payment technology leader, active in African fintech card issuance.
- Paymentology – Specializes in card processing and partners with Mastercard in Africa.
- PayGate – Payment services provider enabling online payments across the continent.
- Sasai Fintech – Offers payment gateway, card processing, POS, and mobile money systems.
- EFT Corporation (EFTCorp) – Partners with Visa for digital payments solutions in Africa.
- Yoco – Focuses on card readers and fast payment processing for businesses.
Other notable fintech innovators in the African market include M-Pesa, BitPesa, MyBucks, Shepherd Financial Services, SimplePay, Cellulant, IMB, FarmDrive, and New Africa Technology. Each operates with varying focuses, from mobile money to card issuance and payment processing, contributing to the rapidly evolving digital payments landscape in Africa.
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