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.