Minka
Minka is a Bogota-based fintech that provides cloud-native real-time payment infrastructure built on distributed ledger technology, serving clearinghouses, banks, and fintechs across Latin America with instant payment switches, integration hubs, and modular payment experiences.
- Company typePrivate
- Founded2016
- HeadquartersBogotá, Colombia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Minka does
Minka is a Bogota-based fintech infrastructure company that provides cloud-native, real-time payment rails built on a distributed ledger architecture. The platform centers on the Minka Ledger, a cloud-hosted ledger-as-a-service that connects financial institutions to instant payment networks through a single API. Around this core, Minka offers a modular suite including a Unified Real-Time Payment Switch, a Real-Time Integration Hub for BaaS enablement, Modular Payment Experiences (alias, QR, request-to-pay, merchant flows), and operational tooling via a Studio web portal and a BigQuery Reporting Bridge. Developer access is delivered through TypeScript-based SDKs (@minka/bridge-sdk, @minka/ledger-sdk) and a CLI tool, with a documented public REST API.
The company's most consequential deployment is Transfiya, Colombia's instant payment system, which Minka has powered for over 8 years and which processes up to 40 million transactions monthly with 99.9996% uptime, totaling more than 1 trillion transactions. Minka is currently supporting ACH Colombia's transition to the new Bre-B regulatory standard, a move that positions Minka as the default compliance-grade infrastructure for Colombian banks, fintechs, and compensation funds. The company serves clearinghouses, banks, fintechs, and large enterprises across Colombia, Brazil, the Dominican Republic, Bolivia, and Mexico, and is expanding into additional LATAM markets.
Minka operates a B2B subscription revenue model (products sold per Order Form) supplemented by professional services for integration and implementation. Pricing is not publicly disclosed; Standard and Enterprise support tiers are offered, with the Enterprise tier including 24/7 P0/P1 coverage and dedicated Customer Success Management. The company has raised approximately $27M across a $3M seed (2020) and a $24M Series A (2022) led by Tiger Global Management and Kaszek, with participation from Google and Mastercard. Minka's competitive position rests on national-scale operational track record, regulatory alignment with Bre-B, ISO 27001:2022 and CSA STAR certifications, and a deeply embedded footprint in Colombian payment infrastructure.
Minka firmographics
Firmographics- Name
- Minka
- Legal name
- Minka Colombia S.A.S.
- Website
- https://minka.io
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Minka is a Bogota-based fintech that provides cloud-native real-time payment infrastructure built on distributed ledger technology, serving clearinghouses, banks, and fintechs across Latin America with instant payment switches, integration hubs, and modular payment experiences.
- Ownership category
- akta.pro rank
Minka industry classification
Industry- Product category
- Real-Time Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- SIC
- Finance Services (6199), Services-Computer Processing & Data Preparation (7374)
- akta.pro primary industry
- Real-Time Payments (RTP) Processing & Clearing (FSAMAHAC)
- akta.pro secondary industries
- Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Transfer Agent, Cap Table & Token Lifecycle Management (registrar, corporate actions, burns/mints) (FSAPAIAF)
Keywords
Where Minka is headquartered
LocationHeadquarters
- HQ city
- Bogotá
- HQ country
- Colombia
- HQ region
- Latin America
Offices3 records
Markets served
Minka business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Subscription Software Products: Minka provides standardized, cloud-hosted software products on a subscription basis. Customers subscribe to Products identified in Order Forms, which include subscription terms, usage parameters, and Fees. The subscription grants access to standard features as described in Documentation.
- Professional Services: Integration, solutions architecture, technical implementation, and other technical services provided by Minka related to the Products, as identified in an Order Form and described in the SLA.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Standard Support |
| Subscription | Annual | Enterprise Support |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Minka product offering
Product offeringCore offering
Minka provides a cloud-native, distributed-ledger payment infrastructure platform that connects financial institutions to real-time payment rails through a single API. Its core product, the Minka Ledger, powers a suite of named offerings including a Unified Real-Time Payment Switch, a Real-Time Integration Hub, Modular Payment Experiences, and a High-Performance Transaction Ledger, enabling instant, interoperable money movement for clearinghouses, banks, fintechs, and enterprises. The company also delivers professional integration and implementation services alongside subscription-based software products.
Product overview
Minka is a blockchain-based payment infrastructure platform providing a unified architecture centered on the Minka Ledger as the core product. The platform operates on a platform-plus-modules model where the High-Performance Transaction Ledger powers a suite of integrated components: the Unified Real-Time Payment Switch for connecting financial institutions to instant payment rails, the Real-Time Integration Hub for bank service expansion and BaaS enablement, and Modular Payment Experiences (alias, QR, request-to-pay, merchant flows) for modern payment journeys. Developer access is provided through the Minka Bridge SDK for bank integrations, Minka Ledger SDK for ledger operations, and Minka CLI for management tasks. Studio provides the web-based operational portal, while the BigQuery Reporting Bridge extends analytics capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- Transfiya: Colombia's instant payment system powered by Minka infrastructure, enabling real-time interbank transfers.
- Minka Ledger
- Minka Payment Switch
- Minka Real-Time Integration Hub
Products and services
- Minka Ledger A distributed, cloud-hosted ledger-as-a-service providing a common language for representing balances and transactions. It enables instant, secure, and low-cost money movement with cryptographic security, immutable records, and scalable settlement for millions of operations. Designed for clearinghouses, banks, fintechs, and enterprises.
- Unified Real-Time Payment Switch A cloud-native payment switch that connects participating financial institutions to real-time rails through a single API, enabling instant interoperable transfers while ensuring regulatory alignment and zero-downtime migration.
- Real-Time Integration Hub A hub that provides banks new services by integrating with real-time payment networks, reducing orchestration complexity, unlocking instant payment capabilities, and powering BaaS use cases for fintechs and businesses through a unified API.
- Modular Payment Experiences A suite of payment-experience modules including alias, QR, request-to-pay, and merchant flows that expand what institutions can build on any instant rail, enabling flexible P2P, P2B, and B2P use cases.
- High-Performance Transaction Ledger
- Studio A web portal for participant management, providing operational tooling for tracing, error tracking, billing, reporting, and configuration including participant onboarding, certification, limits, and KYB.
- Minka Bridge SDK A TypeScript/JavaScript SDK (@minka/bridge-sdk) that accelerates bank integration by providing ServerService and ProcessorService components for handling Ledger-Bridge communication, with built-in PostgreSQL persistence.
- Minka Ledger SDK An SDK (@minka/ledger-sdk) for interacting with the Minka Ledger, used for signing intents, notifying Ledger of processing results, and managing ledger operations programmatically.
- Minka CLI Command-line interface tool (@minka/cli) for interacting with Minka Ledger, supporting operations like creating signers, wallets, bridges, intents, schemas, and reports, as well as managing server connections and proxy servers.
- Professional Services Integration, solutions architecture, technical implementation, and other technical services provided by Minka related to the Products, as identified in an Order Form and described in the SLA.
Quantifiable outcome
- 99.9996% uptime maintained for payment infrastructure
- +4 more outcomes
Companies that use Minka
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Minka technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature5 records
Minka partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and major.
- ACH ColombiacoreACH Colombia operates Transfiya, Colombia's instant payment system powered by Minka. Minka has supported ACH for over 8 years in enabling real-time interbank transfers and is now supporting the transition to Bre-B.
- Servibanca (GNB Sudameris)majorServibanca is integrating with Bre-B (Colombia's new instant payment standard) through Minka-powered infrastructure to enable easy, fast cash withdrawals from instant transfers across 2,750 ATMs in Colombia.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Minka competitors and assessment
Company assessmentEmerging players
- Token.io: Open banking payment network providing account-to-account instant payment connectivity across Europe. Comparable A2A RTP rails with bank connectivity, though focused on European markets.
- Orum: US-based payment orchestration and instant payout platform serving fintechs and banks. Competes in adjacent RTP orchestration workflows with similar API-first distribution.
Direct peers
- ACI Worldwide: Global provider of real-time payments processing and clearing software to banks, networks, and clearinghouses. Most direct functional comparator to Minka's Unified Real-Time Payment Switch and ledger-grade infrastructure.
- Ripple: Blockchain-based payment infrastructure provider for real-time and cross-border transfers. Closely parallels Minka's distributed ledger origins and focus on connecting financial institutions through a single API.
- Dwolla: US-based real-time payments platform (ACH and RTP) delivered as an API for fintechs and banks. Comparable platform-plus-modules model targeting similar customer segments.
- Modulr: UK-based payments-as-a-service provider offering real-time payment infrastructure and BaaS through APIs. Similar API-first distribution and enterprise customer base.
Broad incumbents
- Finastra: Large banking technology vendor with a broad suite including real-time and instant payments. Competes with Minka at clearinghouses and large banks, though Finastra's portfolio extends well beyond RTP.
- Visa Direct: Visa's real-time push payments network reaching billions of endpoints globally. Represents the rail alternative that Minka integrates with and competes against for certain RTP use cases.
- Mastercard Send: Mastercard's real-time disbursement and P2P payment network. Notable overlap given Mastercard's existing strategic investment in Minka, which creates both partnership and competitive dynamics.
Regional players
- Pomelo: LATAM-based fintech-as-a-service and payment infrastructure provider serving banks and fintechs across the region. Shares customer base and geography with Minka, though focused more on card issuing and BaaS.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Minka social profiles
Digital presenceMinka compliance and trust
Trust signalCompliance2 records
Minka financial estimates
Financial estimateRevenue estimate
Valuation estimate
Minka leadership team
Management profileNumber of profiles
Profiles3 records
Minka funding detail
Funding detailFunding overview
Funding rounds5 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Minka M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Minka
What does Minka do?
Minka provides a cloud-native, distributed-ledger payment infrastructure platform that connects financial institutions to real-time payment rails through a single API. Its core product, the Minka Ledger, powers a suite of named offerings including a Unified Real-Time Payment Switch, a Real-Time Integration Hub, Modular Payment Experiences, and a High-Performance Transaction Ledger, enabling instant, interoperable money movement for clearinghouses, banks, fintechs, and enterprises. The company also delivers professional integration and implementation services alongside subscription-based software products.
Is Minka a public or private company?
Minka is a private company. It is classified as venture growth investor backed and is currently operating.
When was Minka founded?
Minka was founded in 2016. It employs 11 to 50 people.
Where is Minka based?
Minka is headquartered in Bogotá, Colombia, in the Latin America region.
How does Minka make money?
Two revenue lines are on record. Subscription Software Products are the primary driver. The others are professional Services.
Who are Minka's main competitors?
Emerging players on record are Token.io and Orum. Direct peers are ACI Worldwide, Ripple, Dwolla and Modulr. Broad incumbents are Finastra, Visa Direct and Mastercard Send. Pomelo is listed as a regional player.
Does Minka have an API?
Yes. Minka provides a public REST API for interacting with the Ledger. The API supports payment processing, ledger operations, alias resolution, and system orchestration. Valid API Requests must conform to active Ledger Documentation, be authenticated and authorized, be within agreed rate limits and quotas, and return HTTP 2xx status codes. The platform also offers a CLI tool (@minka/cli) and SDK packages including @minka/bridge-sdk for bank integration and @minka/ledger-sdk for ledger interactions. A Server Proxy tool is available for development and testing that automatically handles request signing and JWT token management. Developer documentation is at docs.minka.io.
What industry is Minka in?
Minka's product category is Real-Time Payment Infrastructure. Its primary akta.pro industry code is FSAMAHAC, Real-Time Payments (RTP) Processing & Clearing, with a secondary code of FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P). Its NAICS code is 52232 and its SIC code is 6199.