Company Information

Get to know Mifos Initiative

The Mifos Initiative is a US-based 501(c)3 non-profit organization dedicated to accelerating the elimination of poverty. Its mission is to support a global community that builds, supports, and uses open-source technology to bring responsible financial services to the world's unbanked and underbanked populations. Originally started within the Grameen Foundation in 2006, Mifos was spun off as an independent non-profit in 2011. It provides a cloud-native, open-source core banking platform that enables financial institutions, fintechs, and governments to deliver digital financial services efficiently and at scale.

Industry

Technology Software DevelopmentPRIMARY
Financial Banking
Financial Other Service

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Mifos Initiative

N/A

Founded in

2012 (14 Years)

Founded

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.