Miden
Miden is a fintech company based in Ikeja, Lagos, Nigeria, specializing as a debit card issuer processor for businesses in Sub-Saharan Africa, aiming to revolutionize financial infrastructure and services.
Company Overview
Miden is a fintech company based in Ikeja, LA, Nigeria. Operating within the financial technology sector, Miden focuses on providing modern infrastructure for launching card programs and financial products. Serving businesses predominantly in Sub-Saharan Africa, Miden aims to reduce integration times, enhance system stability, and maintain a strong customer focus.
Services
Miden serves as a debit card issuer processor for businesses in Sub-Saharan Africa. Enterprise clients utilize Miden's platform to issue over 96,000 cards, processing monthly transactions exceeding $2.5 million. The infrastructure supports various financial products and is designed to streamline integration and improve the stability of financial services.
Market and Regions
Targeting businesses in Nigeria and Sub-Saharan Africa, Miden offers both remote and partly remote services. The company quickly secured its position as one of the top three players in total processing volume (TPV) among card-issuing fintechs in the region within eight months of its launch. Miden is dedicated to building comprehensive fintech and banking software solutions for the African market, starting with card issuer-processing services.
Growth and Milestones
Miden has achieved significant growth since its inception. Part of the Y-Combinator batch W24, the company rose to the top three in TPV among fintechs in Sub-Saharan Africa within just eight months. Miden processes over $2.5 million per month for employees and customers and supports the issuance of more than 96,000 cards.
