Minka is a “platform-as-a-service” company that is enabling financial institutions to build their own customizable money systems, a key trend in Africa’s evolving fintech space. The company focuses on real-time payments and seamless integration, allowing for instant and secure money movement across ledgers and currencies. This infrastructure is particularly impactful in a continent with diverse and often fragmented financial networks. Instead of creating a consumer-facing product, Minka provides the foundational technology that powers a new generation of financial services.
In 2024, Minka expanded into East Africa, with a presence in key markets like Kenya, Tanzania, Uganda, and Ethiopia. The platform’s infrastructure is helping families in the region receive remittances faster and at lower costs, addressing a critical need for millions of people who rely on money sent from abroad. For East Africa’s large informal retail sector, Minka streamlines payments from multiple sources into a single, unified system, improving financial oversight and efficiency. Minka’s model of providing underlying infrastructure highlights a key trend in the African fintech space: a focus on building the foundational technology that enables others to innovate and grow. By offering a platform that simplifies complex financial processes, Minka is helping to create a more efficient and integrated financial ecosystem that benefits businesses and consumers alike, paving the way for a more prosperous future.
