Building the power of financial cooperatives

Financial cooperatives have the power to change lives, but they face enormous business, technical and regulatory challenges. Our mission is to help them meet those challenges, cross the digital divide, and survive and thrive in today’s mobile, connected world. We build programs and technology for taking coops through the digital transformation. On a country by country basis, we work with financial cooperatives, associations, and regulators to get every coop onto a shared digital platform.

A digital platform for financial cooperatives

The world’s biggest banks have built a new generation of systems with power, flexibility, and reliability that has been out of reach for most institutions.
We created a digital platform that delivers that same level of technology to financial cooperatives of any size, anywhere in the world. It can be used by a single coop, an association, or all the way up to a national network.

Digital transformation for financial cooperatives

The digital transformation is not just an improvement in systems or a change of software. It also allows cooperatives to achieve regulatory compliance, greater business sustainability, mobile capability, and fintech. We have built programs for bringing cooperatives through the digital transformation process.

Fifteen years of global experience

For fifteen years we have pursued a single mission: to serve the world’s financial cooperatives. We help cooperatives grow and achieve sustainability by delivering effective, low cost, mobile digital financial services to their communities.

The team first came together at the Grameen Technology Center in 2005. At Grameen, we gave birth to our vision and created software for joint liability lending. Our first adoption by a financial coop was at India’s Grameen Koota, which used it to grow from 25,000 borrowers to 1,000,000.

Next, we founded the Mifos Initiative to build and deploy a core banking system for financial coops. From 2011 to 2017 we delivered our software to 245 institutions, with 6 million customers in 37 countries.

In 2017 we founded Kuelap to build a powerful digital platform for financial cooperatives. We provide that platform along with a digital transformation program to ensure the coop’s sustainability and success. Our solutions are in place at village barn cooperatives in Cameroon and at Indonesian koperasi, moving to national scale.