Mindigital Group provides a full-stack Banking as a Service platform that enables local financial institutions to enhance their digital infrastructure through real-time decisioning, risk assessment, and customer acquisition tools. By leveraging AI-driven analytics and a modular core banking system, the company helps clients reduce operational costs and improve credit portfolio performance.
Funding
$6.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many local financial institutions lack the infrastructure for real-time decisioning, effective risk assessment, and efficient digital customer acquisition, hindering their ability to compete with larger, more technologically advanced players. Traditional banking systems often struggle to adapt to the demands of digital lending, BNPL (Buy Now, Pay Later), and other modern financial products. This can lead to increased operational costs and suboptimal credit portfolio performance.
Solution
Mindigital Group offers a full-stack Banking as a Service (BaaS) platform that empowers local financial institutions to enhance their digital capabilities. The platform provides tools for real-time decisioning, AI-driven risk assessment, and digitized customer onboarding. By leveraging a modular core banking system and advanced analytics, Mindigital helps clients streamline operations, improve credit portfolio performance, and reduce default rates. The platform's components include modules for intelligent decisioning, online and offline repayment options, core banking ledger management, and customer acquisition. Mindigital's solution enables clients to extend credit in an innovative and profitable environment.
Target Audience
Mindigital's primary customers include banks, financial institutions, e-wallets, telcos, and e-commerce companies seeking to upgrade their digital infrastructure and improve their lending and customer acquisition processes.
Features
- **1st Digital (Decisioning):** Intelligent decisioning module enabling real-time risk assessment and product matching.
- **Likwid (Servicing):** Extensive repayment module supporting online and offline payment options with embedded intelligence for customer management and collections.
- **Nucleus (Core Banking and Ledger):** Core banking module and BaaS platform ledger specifically tailored for digital lending, BNPL, and savings products.
- **DigiMar (Customer Acquisition):** Digitized onboarding customer journey integrating local KYC requirements and ID validation.
- **Data/AI Factory (Analytics):** API library for capturing internal and external datasets, with an analytics engine for data aggregation, credit decisioning, and product recommendation.
- **Omni-channel Customer Communication Platform:** Facilitates digital marketing campaign management and customer retention.
- **Digital Collection Platform:** Improves collection and recovery analytics.