Verified
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Regent Hill Office Park, 45 Turley Road Fourways, Johannesburg 2191. South Africa.
0B Leslie Avenue Sandton Gauteng 2062 ZA

OpenFactor is a global technology company offering cutting edge technology solutions, frameworks, methodologies and services that help organizations infuse disruptive capabilities that unlock customer value. Positioned the forefront of innovation to help that unlock customer value in the evolving world of cloud, digital and platforms. OpenFactor is driven by the conviction that the business value of technology comes from meeting customer needs in the most cost effective manner.
Our products and solutions includes core banking platform, Insurance platform, e-payment solutions and enablers, blockchain enabled distributed applications. Our services includes enterprise application integration, enterprise application integration services, custom software development, software testing and business insights & data analytics services.

Type of Partner
Deployment Partner
Primary Contact
+27115160
Number of Customers
2 customers
Active Member of the Community Since:
April 3, 2018
Regions Served
Africa - South, Africa - West
Social Mission

Mifos solution offerings align to our company’s vision of helping the tier 3 and 4 financial institutions enhances their service offerings and unlocking customers value using cutting edge technology as a catalyst. In addition, Mifos offerings is the most cost effective option as it addresses the cost barrier associated with technology acquisition.

Deployment Partner Services
Implementation Services, Hosting & Support Services, Mifos Training & Education, Localization & Custom Development, Systems Integration, Reports Development, Microfinance & Business Process Consulting
Platform Solution Services
Product/Solution Development on Mifos X platform (branded solutions), Custom app or module development on Mifos X platform
Size of the Team
10 employees
Team Description

OpenFactor team is divided in 4 business units.
1.) Customer Engagement & Business Development
( The team look after customer engagement, sales and marketing etc )
The team is constituted by 2 members with average of 8 years in sales & marketing and business development

2.) Service Delivery & Project Management
( The team is customer facing, its primary responsibility is implementation and consulting engagement )
The team is constituted by 4 members with enterprise system project experiences ranging from 18 years to 2
years).

3.) Research & Development Management
( The team is focuses on innovation which includes new product design and development, partners product
enhancement and customization etc)
The team is constituted by 3 members with an average of 7 years experiences in enterprise application
development using some of the latest technologies.

4.) Business Support
( The team provides the required manager oversight for the operations admin, HR and the finances of the
company.)
The team is constituted by only one person with 5 years experiences doing this.

Areas of Expertise
  • List item

Core Banking Implementation and Support
Insurance Core Platform Development, Implementation and Support
Enterprise Application Integration
FI’s Business Transformation with Products review & alignment, business process re-engineering and transformation

Relevant Industry Experience
  1. 18 years experience working with some of the tier-1 financial institutions in Africa.
    5 years experience working with MicroFinance FSI Africa
    2 years experience working with Micro Insurance institutions across Africa
History with the Mifos Community

OpenFactor recently joined Mifos as a partner in 2018, our major reason for joining is offer Mifos core banking platform to our customers in Southern Africa region as a cost effective, robust and matured platform, and an alternative to the expensive OEM solutions that is currently available in the market. As a company, our business strategy is underpinned by the need to address the challenges around the financial inclusion through provision of a cost effective and tested alternative solutions.
Our contributions will include enhancement of Mifos platform through development of additional modules and extending the existing one to meet the local market needs. some of these functionalities we hope can be use elsewhere around the world.

Future Goals & Strategy for Mifos

We are currently on an aggressive business development focusing on creating Mifos product awareness and gradual adoption of the platform as the number platform 1 solution for the microfinance and tier 2 financial institutions in SADC region.

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