Minka is a technology company.
Minka builds bank-grade infrastructure that moves money instantly, securely, and easily, aiming to modernize payment networks and banking services.
Minka has raised $27.0M across 2 funding rounds.
Minka has raised $27.0M in total across 2 funding rounds.
# Minka: High-Level Overview
Minka is an open infrastructure platform that enables real-time money movement across financial systems.[1] The company builds cloud-based payment networks used by clearing houses, banks, and fintechs to move balances between systems and accounts instantly, without reconciliation, and at minimal cost.[1][2] Operating since 2018, Minka has grown to serve 41 partners across Latin America, Europe, and North America, processing millions of transactions daily and enabling over 10 million people per month to move money in real time.[1]
Minka solves a critical problem in financial infrastructure: legacy banking systems are disconnected, slow, and expensive to integrate. By exposing these "closed, outdated core systems" to the web through blockchain concepts and APIs, Minka allows organizations to publish and exchange balances in real time without the friction of traditional reconciliation processes.[2] The company's flagship implementation, TransfiYa in Colombia, has become one of the largest interoperable real-time payment systems in the region, demonstrating the viability of this approach at national scale.[1]
# Origin Story
Minka was founded in 2018 by CEO and co-founder Domagoj Rozic, with product and engineering teams based in Croatia and support and sales operations in Colombia.[2] The company's breakthrough came through the Colombian market, where it built TransfiYa—a real-time payments network that connected nearly two million users by 2022, allowing them to send money using only a phone number.[2] This early success in Colombia proved the core thesis: that legacy financial systems could be modernized through open, web-based infrastructure.
The company raised $24 million in Series A funding in April 2022, co-led by Tiger Global Management and Kaszek, with participation from earlier backers including FinTech Collective (which led the seed round in 2021).[2] By that time, Minka had grown to approximately 30 employees and had 20 financial institutions and fintechs directly connected to its platform, with another 20 in integration.[2] To date, the company has raised $27.5 million total.[2]
# Core Differentiators
# Role in the Broader Tech Landscape
Minka operates at the intersection of two powerful trends: the global shift toward real-time payments and the modernization of legacy financial infrastructure through cloud-native technology. Central banks and regulators worldwide are mandating faster payment systems, creating urgency for banks to upgrade their infrastructure. Simultaneously, the rise of open banking and API-first architecture has made it possible to connect disparate systems without wholesale replacement.
Minka's success in Latin America—a region with fragmented financial systems, high remittance flows, and large unbanked populations—demonstrates the model's applicability to emerging markets where the cost of legacy infrastructure is prohibitive. The company's expansion into Europe and North America signals that the problem it solves is not regional but global. By enabling instant, low-cost money movement, Minka is helping democratize access to modern financial infrastructure, allowing smaller institutions and fintechs to compete with incumbents on speed and cost.
# Quick Take & Future Outlook
Minka is positioned at a critical inflection point in financial infrastructure modernization. The company has moved beyond proof-of-concept in Colombia to multi-region deployment, with a proven ability to scale without sacrificing reliability or security. As central banks continue to mandate faster payment systems and enterprises demand cloud-native alternatives to legacy infrastructure, Minka's open, modular approach offers a compelling alternative to monolithic payment processors.
The key question ahead is whether Minka can replicate its Colombian success in more mature, regulated markets like Europe and North America, where incumbent payment networks have deeper entrenchment. Success in these markets would validate the thesis that open infrastructure can disrupt traditional payment rails globally. Given the company's technical execution, funding backing, and the structural tailwinds in real-time payments, Minka appears well-positioned to become a foundational layer in the next generation of financial infrastructure—much as Stripe did for online payments.
Minka has raised $27.0M in total across 2 funding rounds.
Minka's investors include 9Yards Capital, Addition, American Express Ventures, Amplify.LA, Better Tomorrow Ventures, Foundation Capital, Global Founders Capital, Kaszek Ventures, monashees, Sweet Capital, TenOneTen Ventures, Tiger Global Management.
Minka has raised $27.0M across 2 funding rounds. Most recently, it raised $24.0M Series A in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2022 | $24.0M Series A | 9Yards Capital, Addition, American Express Ventures, Amplify.LA, Better Tomorrow Ventures, Foundation Capital, Global Founders Capital, Kaszek Ventures, monashees, Sweet Capital, TenOneTen Ventures, Tiger Global Management, Valia Ventures, Alex Pattis | |
| May 1, 2020 | $3.0M Seed | FinTech Collective |