Built on Apache Fineract, extended for modern banking
A modular core-banking foundation for Africa's SACCOs & MFIs.
Msingi delivers the full Mifos X / Fineract core banking system: clients, products, loans and savings, share capital and double-entry accounting. It then extends it with AI credit scoring, automated eKYC, transaction monitoring, USSD and national-switch interoperability. One clear portal, one modular platform.
One institution on this demo runs against a live Apache Fineract core; the others run on the platform store. No sign-in required.
01 · Five surfaces, one platform
Institution portal
Back-office for SACCO & MFI staff: members, savings and loan ledger, KYC queue, monitoring and scoring.
Platform admin
Multi-tenant control plane. Onboard institutions and toggle modules per tenant from one console.
USSD simulator
The member journey on any feature phone: balances, transfers, merchant payments and instant loan offers.
Merchant acceptance
Register traders with a settlement account, watch their takings post in, and stop acceptance on a till without touching the balance behind it.
Member app (PWA)
Installable, offline-first member app. Balances and loans from the last sync; payments fall back to USSD.
02 ·Core banking
Everything Mifos X gives you, on day one.
We stand up the full Apache Fineract banking spine first: clients, products, loans and savings, share capital, double-entry accounting and a branch hierarchy. This is a real core banking system, not a wrapper around a few features.
Clients & groups
Member records mapped to Fineract clients, assigned to offices and loan officers.
Product engine
Configurable loan, savings and share products, with interest method, term and charges.
Loans & savings
Disbursement, repayment schedules (declining balance / flat) and arrears tracking.
Share capital
SACCO membership shares issued against a nominal price and share product.
Double-entry accounting
Chart of accounts, automatic journal postings and a balancing trial balance.
Offices & staff
Branch hierarchy, staff roles and portfolio-at-risk reporting per branch.
03 ·Extensions
Then the modern layer Fineract doesn't ship.
On top of the core, each capability is a module a platform admin enables per institution: the differentiators that answer today's real problems for African SACCOs and MFIs.
eKYC
Document + liveness verification with a risk-scored review queue for onboarding.
Credit scoring
Explainable, alternative-data scorecard tuned for thin-file members.
Transaction monitoring
Real-time AML rules that raise, triage and escalate suspicious activity.
USSD banking
Provider-agnostic gateway so members bank without a smartphone or data.
Switch interop
ISO 20022 messaging to plug into instant-payment schemes like IIPS.
04 ·Architecture
A clean seam over your core banking system.
The whole platform talks to one FineractAdapter interface. In production it is backed by a live Apache Fineract instance, with the platform store behind the surfaces Fineract does not model. Modern-banking modules Fineract does not ship (scoring, eKYC, AML, USSD, merchant acceptance, switch) compose on top through the same seam.
// lib/fineract/index.ts
export function getAdapter() {
if (env.FINERACT_MODE === 'hybrid')
return hybridAdapter(fineract)
return mockAdapter
}
// one interface, seven modules
ledger · ekyc · scoring · aml · ussd · merchant · switch