Miden
Nigeria
Miden is a Nigeria-based fintech infrastructure company building a full-stack payments platform for African businesses. It started with card issuing and processing, and has expanded into BaaS, B2B payments and treasury workflows, with a longer-term push toward proprietary core banking infrastructure. By January 2026 it had 55 paying customers, about $18.7M monthly processed volume across products, and $615k monthly revenue; in 2025, revenue reached $5.78M.
Status: Pre Seed
Sunlit Investment: Pre Seed
Key Co-Investors: YC, Techstars, Ingressive Capital
2026 Outlook:
Management’s roadmap for 2026 centers on building its core issuer processor, launching a proprietary core banking platform and payment gateway, expanding local BaaS in Nigeria, and entering Morocco, Tanzania, DRC, South Africa and Kenya. A second priority is operationalizing the Visa partnership, strengthening treasury, settlement and risk infrastructure, and scaling enterprise distribution.
Management’s roadmap for 2026 centers on building its core issuer processor, launching a proprietary core banking platform and payment gateway, expanding local BaaS in Nigeria, and entering Morocco, Tanzania, DRC, South Africa and Kenya. A second priority is operationalizing the Visa partnership, strengthening treasury, settlement and risk infrastructure, and scaling enterprise distribution.