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Miden

YC W24

Ikeja, NG · Founded 2023 · 19 employees · 11 known investors

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Miden builds modern payments infrastructure for businesses across Africa and beyond, offering compliant cross-border money movement and embedded banking solutions. The platform enables enterprises to launch and scale secure payment programs with regulatory licenses across multiple jurisdictions.

Also known as Tyrus Tech Inc. · Tyrus Technologies · Tyrus Technologies, MIDEN

Data & InfrastructureFintechPaymentsB2BAPIsUnited KingdomEuropePartly Remote

Founders & leadership· Y Combinator alumni (W24)

Miden was founded in 2023 by Okiemute Avworhokai and Ini Udoh.

OAOkiemute Avworhokai
Okiemute AvworhokaiCEOOkiemute has over ten years of experience in commercial banking and fintech, and previously founded a credit firm that provided student loans. He is now developing Miden.
IUIni Udoh
Ini UdohCTOIni Udoh previously served as CTO at Tyrus Technologies, a B2B fintech focused on virtual cards and embedded finance, and held roles at First Bank of Nigeria, Heritage Bank, and Mukuru, bringing over 12 years of experience in banking and fintech.
AAAdeleke Adekoya
Adeleke AdekoyaFounderFounder at Flutterwave
DO
Dominic Okiemute AvworhokaiFounder
IU
Ini-obong UdohFounder
OA
Okiemute Avworhokai Ini UdohFounder
ODOkiemute D Avworhokai
Okiemute D AvworhokaiFounder
OD
Okiemute Dominic AvworhokaiFounder
VI
Victor IyanwuraFounder

Investors · 11

Hack VClisted by Hack VCPalo Alto · $3M

How we know: funding news · Not right? Tell us

Velocity Digitallisted by Velocity DigitalLagos
1kxreportedRoad Town · $50K – $1M

How we know: funding news · open dataset · 5k.vc investor directory · Not right? Tell us

a16z cryptoreportedMenlo Park

How we know: funding news · Not right? Tell us

Andreessen HorowitzreportedMenlo Park · $500K – $50M

How we know: funding news · Not right? Tell us

Bloccelerate VCreportedSeattle

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Manjaroo growth fundreported

How we know: Y Combinator's founder network · Not right? Tell us

Symbolic CapitalreportedNew York

How we know: funding news · Not right? Tell us

Vastly Valuable VenturesreportedSeattle

How we know: Y Combinator's founder network · Not right? Tell us

Venice InvestmentreportedLondon

How we know: Y Combinator's founder network · Not right? Tell us

Related companies · 10

AdyenAdyen is a payments platform that enables enterprises to accept, process, and move money across their business, with capabilities for embedded finance and financial product issuance.
Context.devContext provides an API that extracts brand color palettes from any domain, returning structured color data with HEX values, RGB/HSL support, and usage weights for developers and product teams building dashboards and marketing tools.
CheckoutCheckout.com offers Flow, a hosted payment page that businesses can deploy with a low-code, one-time integration to accept payments online. The page can be customized to match a site's branding for a consistent checkout experience.
WaypointWaypoint provides an email layer designed for software teams building SaaS products, marketplaces, and fintech applications. The company was launched in 2023 and focuses on simplifying product email integration.
Unsiloed AIUnsiloed builds AI models that read and analyze document pages using attention-guided heatmaps to identify and extract structured data from tables, figures, and text regions. The product serves organizations that need to process complex multi-page documents and extract information while preserving hierarchical relationships.
StripeStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
sieveSieve provides a data quality platform that combines AI and human validation to clean and verify financial datasets for investment teams. The company serves asset managers, hedge funds, investment banks, family offices, and other financial institutions seeking to reduce time and cost spent on data validation and remediation.
RazorpayRazorpay provides payment processing APIs and financial services for online merchants, schools, and ecommerce businesses, offering payment acceptance, disbursement, current accounts, and working capital loans. The company serves businesses looking to accept and manage payments online with developer-friendly integration.
FlowgladFlowglad is a platform that unifies cross-system automations, context, and knowledge for professional service teams. It pulls data from multiple business systems, stores client context and documents, and enables controlled automation workflows with approval oversight.
ACI WorldwideACI Worldwide provides payments software for banks, merchants, and billers, including a cloud-based payments hub, merchant payment orchestration, bill payment, and AI-based fraud management. Its platforms serve financial institutions and businesses across industries such as retail, utilities, insurance, government, and healthcare in 94 countries.

Companies working in the same space as Miden.

Legal entities · 1

corporate structure
Tyrus Tech Inc.

In the news

YC's latest Demo Day shows fascinating wagers on healthcare, chip design, AI and moretechcrunch.com · Apr 2024YC’s latest Demo Day shows fascinating wagers on healthcare, chip design, AI andtechcrunch.com · Apr 2024Miden 💳: Accessible financial tech in Sub-Saharan Africaycombinator.com · Jan 2024

Frequently asked questions

What does Miden do?
Miden builds modern payments infrastructure for businesses across Africa and beyond, offering compliant cross-border money movement and embedded banking solutions. The platform enables enterprises to launch and scale secure payment programs with regulatory licenses across multiple jurisdictions.
Who founded Miden?
Miden was founded by Okiemute Avworhokai, Ini Udoh in 2023.
Who are Miden's investors?
Miden's investors include Y Combinator, Hack VC, Velocity Digital, 1kx, a16z crypto, Andreessen Horowitz, Bloccelerate VC, Manjaroo growth fund and 3 more.
Where is Miden headquartered?
Miden is headquartered in Ikeja, NG.