User:Gkrishna90/sandbox

mFino Introduction:
mFino is a financial technology company and a global leader in digital banking. The company has its headquarters in Cupertino, CA and additional offices in New York, Dubai, India, Vietnam, and Ethiopia.

mFino delivers powerful fintech engineering capability through its platform, solutions and services. The company has a modern, microservices and cloud-based platform that brings digital experiences to life across banking, payments, lending, commerce and lifestyle solutions.

The company has delivered several successful deployments over the years and has been recognized for its innovative work in digital banking space.

mfino Company Profile:
mFino was founded in 2009 and has offices in the US, Middle East, India, Africa, Southeast Asia and Latin America. The company has experienced strong growth in recent years and hopes to remain in this growth phase for the next 4-5 years.

The company offers a comprehensive suite of fintech capabilities to financial services providers through its micro services-based Cloud API platform. The platform offers customizable building block solutions that financial institutions (FIs) can leverage for digital transformation and delivery of banking, payments, mobile and social commerce.

Currently, the mFino platform is being used by FIs across North America, Africa, Asia Pacific and Latin America. Banks like Janalakshmi Financial services in India, are leveraging the mFino digital banking platform to offer retailer-assisted remittances, prepaid cards, lifestyle payments and more. Similarly, Sterling Bank in Nigeria is using the mFino platform to offer mBanking, prepaid wallet services, retail payments and bulk disbursements. While Dashen Bank, Ethiopia, and VP Bank Vietnam are using mFino to offer a full suite of digital banking services. Additionally, the platform powers neobanks, and digital-only bank brands in developed markets. Other mFino offerings such as its omni-channel banking solution too have wide adoption and power commercial banking operations for some of the world’s largest banks.

mFino History:
mFino was founded by Sridhar Obilisetty in partnership with Ori Sasson in 2009. It has been incubated at the Primera Capital Fintech Innovation Lab.

In its initial years, the company focused its efforts on mobile wallet, mini core banking, mobile money and mobile commerce segments. They launched mFino Share, a new social commerce product and mFino touch, an NFC product for MNOs and retailers to further their mission of accelerating mCommerce. At the same time, the company built and launched an award-winning mobile money and digital banking platform. The mFino digital banking platform powered delivery of lifestyle payments, remittances, digital voucher issuance, branchless banking, agent banking, airtime top-ups, payroll management and much more for FIs. Shortly after launch and a slew of successful implementations, the mFino platform emerged as the platform of choice for banks and telcos in Africa and went on to win the prestigious Kalahari Award for the Best Digital Platform in Lagos, Nigeria at the 3rd Mobile Money Expo.

In the ensuing years and up until now, mFino has invested more than 800 man years into product development to create a next-gen banking platform that supports newer paradigms like banking-as-a-service, neo-banks, digital-only banks, open banking, and branchless banking. Today, mFino is the driving force behind modern banking architecture. It powers several full stack digital banks including vertical-specific banks for FIs and fintechs across US, Asia Pacific and Middle East.

Highlights:
mFino has enabled full stack digital financial services delivery for financial innovators - whether a bank, mobile operator, retailer, handset vendor, auto manufacturer or a fintech – for more than a decade.

Financial institutions served: VP Bank (Vitenam), BRAC Bank (Bangladesh), Janalakshmi Bank (India), Bank of Kigali (Rwanda), AYA Bank (Myanmar), Dashen Bank (Ethiopia), Sterling Bank (Nigeria), Ooreedo (Maldives), Fortis (Nigeria), Aircel (India), Fidelity (Nigeria), GTBank (Nigeria), Smartfren (Indonesia), NSDL (India), Bank Sinarmas (Indonesia), MTN (Nigeria), DIMO (Indonesia), Aurora Wireless and several other large banks and telcos.

Several of these deployments have scaled and matured to serve the banking needs of millions over the years. One such development that was in news recently was the launch of BRAC Bank’s 100th agent banking outlet in Bangladesh.