Migo
Migo provides an embedded lending platform that utilizes a simple API to facilitate microfinance and credit services for banks, merchants, fintechs, and telcos. This technology enables businesses to offer flexible credit options, such as buy now, pay later, thereby enhancing customer access to financial services and driving sales growth.
- Enterprise Software
- Financial Technology
- Software Only
Funding
Raised to date
$20MRaised 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 businesses, particularly in emerging markets, struggle to provide credit options to their customers due to the complexities and risks associated with traditional lending infrastructure. This limits customer access to financial services and hinders sales growth for merchants.
Solution
Migo offers an embedded lending platform accessible through a simple API, enabling businesses to provide credit services to their customers. This platform allows banks to accelerate digital transformation with cloud-based infrastructure for retail credit. Merchants can offer "buy now, pay later" options, increasing sales and customer satisfaction. Fintechs can enable credit payments and overdraft facilities for users or merchants, and Telcos can leverage data to provide insights-driven financial services.
Target Audience
Migo's primary customers include banks, merchants, fintech companies, and telecommunications providers, particularly those operating in emerging markets.
Features
- Cloud-based infrastructure for scalable retail credit
- Simple API integration for various business types
- "Buy now, pay later" functionality for merchants
- Data-driven insights for personalized financial services