Company Research Report: Minka_



Company Overview



  • Name: Minka_

  • Mission: Revolutionize current financial infrastructures to facilitate real-time, frictionless money movement for all.

  • Founded: 2018

  • Founders: No information is available.

  • Key People:

  • Miguel Londoño Gómez: COO of Monet - Crédito para todos (YC S21)

  • Felipe Albarracín Duque: Head of Growth

  • Alexander Perko: Growth Lead

  • Headquarters:

  • Calle 93 Bis # 19-53, Oficina 102, Bogota, Bogota 110221, Colombia

  • 919 N Market St, Ste 425, Wilmington, Delaware 19801, US

  • Number of Employees: 38

  • Revenue: No information is available.

  • Notable Achievements: Developed Colombia's first real-time payment infrastructure, enabling millions to move money instantly.


Products



1. Real Time Payments (RTP)


  • Description: A platform to connect financial institutions and enable money transfers in seconds.

  • Key Features:

  • Speed: Transactions completed in seconds.

  • Integration: Broadens service reach by integrating multiple financial institutions.

  • Scalability and Flexibility: Handles numerous balance movements and exchanges.


2. Alias Directory


  • Description: Replaces complex account numbers with relatable info such as phone numbers and emails.

  • Key Features:

  • Improved User Experience: Easier transaction initiation using familiar information.

  • Security: Ensures secure communication and transfers.

  • Network Flexibility: Can be integrated over any payment rail.


3. Ledger as a Service


  • Description: Manages and tracks money movements, reward points, or other forms of value using a scalable system.

  • Key Features:

  • Digital Signatures: Ensures security via digital signatures.

  • Transaction Management: Implements flexible rules for processing transactions.

  • Scalability: Supports growth from small startups to large enterprises.


Recent Developments


  • Recent Events and Partnerships:

  • Participated in the Latam Fintech Market, demonstrating the ease of digital payments.

  • Collaborated with MOVii for the MOVii & Minka_ experience.


  • New Products and Features:

  • TransfiYa: An interoperable real-time payment system in Latin America with:

  • +100M P2P transactions per year

  • 22 Financial institutions connected


  • Innovations:

  • Represented a protocol called Bridge to connect entities to the cloud for transactions incorporating fiat, cryptocurrency, and loyalty points.


Conclusion


Minka_ is positioned as a transformative player in the fintech landscape, with its mission centered around simplifying money movement and achieving financial inclusion. By leveraging products like Real Time Payments, Alias Directory, and Ledger as a Service, the company is setting a new standard for financial transactions. Recent developments and partnerships further bolster its reputation and service offerings.