2024 Mifos Annual Report
It’s been 10 years since we’ve published an annual report as a narrative storytelling of the past year’s progress and activities.
Stay tuned for the official 2025 Year in Review, our Q4 2025 Community Call and the 2025 Annual Report to drop in the first part of the year.
2024 marked a remarkable year in which we demonstrated the Mifos technology stack and community as a transformative force in delivering financial inclusion at scale. Across both the private and public sector we proved ourselves as a catalyst for innovation.
We achieved significant milestones across our core pillars of product and software development, education and advocacy, and ecosystem and community development.
On the product front, through the Pepper Soup project, we stewarded upstream contributions sponsored by a leading global fintech to develop our brand new progressive loan module which powers their operations opening more than 700,000 new loan accounts daily.
We continued to strengthen our community, the bedrock of our initiative by continuing to mature and refine the local ecosystem as well as our global contingent of interns and volunteers. We cultivated local support capacity through our partner program with local system integrators who are the voice of our customers, the channel to market of new solutions, local support on the ground and grassroots innovation and upstream contribution back into the core. We are building the next generation of open source contributors through participating in Google Summer of Code & Code for GovTech, graduating 17 interns in 2024.
On the advocacy front, we spoke at or attended more than a dozen events across the globe including Fintech DevCon in Austin, Community over Code EU in Bratislava and the Interledger Summit in Cape Town and were shortlisted for a number of awards. We hosted virtual webinars, kicked off quarterly community calls, and re-launched working groups for our community.
A key focus in 2024 was deepening our leadership role in the Digital Public Infrastructure space by enabling the delivery of digital financial services into last-mile accounts through our DPGs for core banking and payment orchestration. Payment Hub EE, our modern orchestration engine,was certified as a Digital Public Good joining Mifos X, our core banking platform and loan management system of record. 2024 culminated in the launch of Mifos Gazelle to enable the rapid deployment of DPGs in demo and sandbox environments.
We completed the design and implementation of the Payment Building Block for the GovStack Initiative, collaborated around sustainability and interoperability with fellow DPGs through Co-Develop and the Digital Public Goods Alliance, helped Interledger Foundation explore the intersection of its next-gen technology and protocols with DPI, and championed the importance of functional wallets and transactional accounts while speaking at events like the inaugural global DPI Summit in Cairo, Egypt.
In 2025 we look to build upon this by continuing to scale our software across different use cases, nurture and grow our open source community, mature our local ecosystem, catalyze more country-level DPI innovation, and streamline our processes to accelerate collaboration.
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