Miden

Active

Card issuer processor and banking stack for businesses in Sub-…

Winter 2024Founded 202319 peopleIkeja, LA, Nigeria

www.miden.co ↗LinkedIn ↗X ↗GitHub ↗See on the Idea Map Fintech momentum

About

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.

From their website

as of Jun 7, 2026www.miden.co ↗

SaaSSubscription

Miden provides a modern issuer processor and banking stack designed for businesses to build and manage payment programs. It offers card issuing, banking-as-a-service, wallets, and related financial workflows with real-time visibility and control over spend.

Miden offers a modular financial infrastructure including Card Issuing, Banking As A Service, Wallet As A Service, and Lending As A Service. It supports issuing virtual corporate cards, sub-accounts for teams, and workflows for requests and approvals. It emphasizes PCI-DSS security, strict compliance, fraud and compliance systems, and the ability to automate payments, invoice processing, vendor payments, and automatic collections within existing workflows. The platform markets itself as a comprehensive financial infrastructure for businesses, including solutions for card issuing, accounts, and payout/disbursement operations across regions.

Who it’s for: Businesses and financial institutions in Sub-Saharan Africa and related regions seeking to automate payments, corporate card programs, expense management, and embedded financial solutions.

Features

Card issuing and virtual corporate cards
Banking as a Service capabilities
Wallet as a Service
Sub-accounts for teams and departments
Expense management and real-time spend visibility
Automated payments, invoicing, and vendor payments
Workflow approvals and request management

Founding-style fintech with multiple product modules and regional focus; mentions of being featured and a comprehensive security/compliance emphasis; active product suite and regional targeting suggest early to growth-stage startup signals.

Founders · 2

Okiemute AvworhokaiFounder

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.

LinkedIn ↗

Ini UdohFounder

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.

LinkedIn ↗

Launch

Launched on Y Combinator · Jan 2024

View launch post ↗

Intuitive API for businesses to launch their own virtual card program

Miden provides an API for businesses in Sub-Saharan Africa to launch financial solutions, including virtual card programs, credit systems, reconciliation, and expense management. It targets regional businesses and aims to accelerate and simplify launching these financial tools.

From the original launch (Jan 2024) — may be outdated.