Miden

Miden is a card issuing, payment processing, and banking infrastructure platform for businesses and financial institutions building payment programs in Sub-Saharan Africa.

Key capabilities include:

• Card issuing and corporate spend: issues virtual corporate cards and supports expense management with approval workflows and sub-accounts for teams and departments.
• Banking and account infrastructure: provides Banking as a Service with products such as USD business accounts and NGN virtual accounts to support collections and account-based payment flows.
• Wallet and bill payment rails: offers Wallet as a Service and bill payments for businesses embedding stored value and payables into their products.
• Security and compliance controls: supports PCI-DSS compliance, strict compliance procedures, and dedicated fraud and compliance systems.

Available on Web with API documentation for integration.

Designed for B2B organizations in Sub-Saharan Africa, including financial institutions and teams in finance, logistics, and travel that need payouts, automated collections, and spend visibility.

Notable in the African fintech infrastructure landscape for its focus on issuer-processing and banking building blocks for payment programs across Sub-Saharan Africa, and for being DBA Tyrus Tech with Y Combinator backing (as stated in the research brief).