Gojo & Company selects Musoni for MIFIDA

We’re pleased to announce that Musoni has been chosen by Gojo & Company as a core banking and digitalisation partner for Microfinance Delta International (MIFIDA), serving 180,000 clients in Myanmar. Musoni and Gojo have entered into a global partnership with the goal of standardising core banking systems across their network. 

Musoni has been chosen by Gojo & Company
MIFIDA customer in Myanmar

Founded in 2014, Gojo and Company’s goal is to enable the provision of high-quality financial services to over 100 million unserved and underserved people, with the underlying mission of extending financial services to everyone. Gojo now work with seven financial organisations across Asia, with expansion into Africa planned in the near future. This aligns closely with Musoni’s mission to improve the quality and availability of financial services around the world through world class technology. 

Gojo selected Musoni as one of its partners due to the company’s extensive experience supporting financial institutions across Asia and Africa. Founded in 2013, Musoni is now used by 70 financial institutions across 22 countries and available in Myanmar, Vietnamese, Mandarin, English, French, Spanish and Portuguese. With regional offices in Myanmar and Kenya, and support partners in Senegal and Latin America, Musoni is well placed to support Gojo’s expansion strategy. 

Aside from Musoni’s cloud banking system and digital field application, MIFIDA will immediately benefit from Musoni’s integration with MCIX (Myanmar’s data sharing platform for microfinance), and Mojaloop, the new payment switch being launched in 2021. Over the next month Musoni will be rolled out across MIFIDA’s 60 branches with the goal of going live before year end. The implementation is closely supported by ThitsaWorks, Musoni’s support partner in Myanmar. 

Cameron Goldie-Scot, Musoni’s CEO, said, “We are delighted to have been selected as the digitalisation partner to MIFIDA, and as one of the preferred core banking systems for the Gojo microfinance network. We share the same goal of extending financial inclusion and are excited at working closely together over the coming years.”

Taejun Shin, CEO and Founder of Gojo, said: “We’re excited to be working with Musoni on the ongoing digitalisation of our microfinance operations, starting with MIFIDA in Myanmar. Musoni is an excellent core banking system with a strong track record of helping MFIs to quickly and easily digitalise, and local support teams in many of our core markets. We’re looking forward to a long and fruitful partnership.”  

About Musoni – Musoni is the leading digitalisation partner for microfinance institutions around the world. It helps organisations improve their efficiency and extend their outreach through a variety of fintech solutions. These include a cloud banking system, digital field application, mobile payments module and open API layer. It has over a decade of experience and now supports 70 organisations in 22 different countries. It takes pride in its hands-on and personalised approach, with local teams in the Netherlands, Kenya and Myanmar.

About Gojo –  Gojo was founded to extend financial inclusion to everyone in the world, beginning with developing countries. Gojo encourages the formalization and growth of micro, small, and medium-sized enterprises. Their long-term goal is to enable the provision of high-quality affordable financial services for 100+ million unserved and underserved people in 50+ countries by 2030. Seven years since our establishment, we work in Cambodia, Myanmar, Sri Lanka and India with USD 353 million gross loan portfolio, 5,000+ employees, serving more than 730,000 clients.

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