Ayuk Etta, the CEO of Skylabase and partner of the Mifos Initiative, brought the organisation to Cameroon on Friday 2nd December, 2016. This partnership crowns SmartFinance as the official Mifos generation 3 partner for West and Central Africa. This urgent visit of the Mifos team headed by CEO Craig Chelius paves the way for both parties to set up strategies to roll out SmartFinance as the digital financial platform service in West and Central Africa as from January 2017. Mifos initiative regards SmartFinace as a leading and promising FinTech platform in Africa.
Mifos Initiative is a US-based 501(c)3 non-profit initiative that stewards the global community that builds the Mifos X platform. The Mifos X platform is an open technology platform for financial inclusion used by financial service providers worldwide. This organisation is supported by a network of certified local partners and maintained and extended by a global team of volunteers.
This initiative is missioned to speed the elimination of poverty by coordinating a global community that builds, supports, and uses Mifos X. Which is a free and open source platform that enables financial service providers to effectively and efficiently deliver responsible financial services to the world’s 2 billion poor and unbanked.
SmartFinance is a product and brand of Skylabase which aims to drive financial inclusion and Fintech in Africa. Mifos partners with SmartFinance to drive out as the platform which provides solutions with using Mifos.io generation 3 solution which is a banking service platform designed to scale banking operations in Africa.
According to Ayuk Etta, this partnership ignites the drawing up of a blueprint to set up a data center for West Africa, starting from Cameroon. Also, deciding what resources are needed for this new level of delivering financial services in Africa and making plans to provide them as of January 2017, the presence of the Mifos.io generation 3 solution which is a banking service will enable the African Banking and financial sector to experience a low cost, flexible and scalable ways to deliver financial services in Africa. Hence, they can now reach 10 times their client base and make more money while spending very little.
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