Innovation Makers
Innovation Makers is a Lisbon-based fintech founded in 2009 that designs, develops and implements omnichannel digital banking, payment and onboarding software for banks and financial institutions, primarily serving Lusophone African and European markets.
- Company typePrivate
- Founded2009
- HeadquartersÓbidos, Portugal
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Innovation Makers does
Innovation Makers is a privately held Portuguese fintech founded in 2009 and headquartered in Lisbon, with regional operations in Luanda, Angola, and a partner footprint extending into the Democratic Republic of Congo. The company designs, develops and implements omnichannel digital banking and payment solutions for financial institutions, with a multidisciplinary team of 100+ professionals spanning engineering, management, social sciences and design. Its product portfolio spans four solution families: digital channels (Internet Banking, Mobile Banking, SMS/USSD, Banking Agent, Counter Portal, Mobile Counter), payment infrastructure (MPPS multi-protocol switch, Card Management System, SPS service payments, DDS direct debit, Voucher Server, Mobile Payments, Kiosk Payments), financial management tools (PFM, BFM), and integration/onboarding services (DBI integration platform, OnboardPlus biometric onboarding, Finastra Essence certified implementation). The DBI platform acts as the core integration hub connecting all digital channels to multiple core banking systems, including certified connectors to Finastra Essence, Equation and Asseco Banka.
The company's technology stack is differentiated by deep localization for Lusophone African and European markets, including native support for EMIS/Multicaixa, TEI/TEIS, SWIFT, SEPA, ISO 20022, Target2, Visa, Mastercard, ATM and POS/TPA networks, alongside biometric facial authentication with liveness detection for KYC/AML. Revenue is generated primarily through professional services for custom software development, implementation and integration projects, supplemented by licensing of its proprietary platform modules, with a sales-led go-to-market complemented by its certified Finastra partnership channel. The company targets banks, financial institutions, and adjacent telecom and media enterprises, with a strong concentration of named clients in Angolan tier-1 banks (BAI, BFA, BIC, BCA, Atlantico, BNA, Banco Sol, Banco Mais) and Portuguese banks (Novo Banco, Montepio). The company has received EU/Portugal 2020 co-financing for internationalization and product development and was certified TOP 5% Best SME Portugal in 2020.
Innovation Makers firmographics
Firmographics- Name
- Innovation Makers
- Legal name
- Innovation Makers
- Website
- https://inm.pt
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Innovation Makers is a Lisbon-based fintech founded in 2009 that designs, develops and implements omnichannel digital banking, payment and onboarding software for banks and financial institutions, primarily serving Lusophone African and European markets.
- Ownership category
- akta.pro rank
Innovation Makers industry classification
Industry- Product category
- Banking Software
- NAICS
- Computer Systems Design Services (541512), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Technology, Software & IT Services (FSABACAJ)
- akta.pro secondary industries
- SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI), Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value) (FSAGAAAD), Compliance & Regulatory Operations (AML/KYC, Reporting, Audit) (FSAGAAAL), Card Issuing & Program Management Platforms (BPAMAFAH)
Keywords
Where Innovation Makers is headquartered
LocationHeadquarters
- HQ city
- Óbidos
- HQ country
- Portugal
- HQ region
- Europe
Offices2 records
Markets served
Innovation Makers business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Development and Implementation: Custom software development and implementation services for financial institutions, providing tailored technological solutions for digital transformation
- Core Banking Implementation Services: Certified Finastra partner providing implementation, integration, and support services for Finastra Essence core banking system
- Omnichannel Digital Solutions: Sale and implementation of complete omnichannel digital solutions including banking, eWallet, payment, and financial management solutions
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Innovation Makers product offering
Product offeringCore offering
Innovation Makers designs, develops, and implements omnichannel digital banking and payment software solutions for financial institutions. Its product suite covers internet/mobile/SMS banking channels, payment switches, card management, digital onboarding with biometrics, and personal/SME financial management tools, integrated via the DBI platform with certified connectors to core banking systems including Finastra Essence, Equation, and Asseco Banka. The company serves banks in over 7 countries across Europe and Africa with custom implementation and 24/7 support services.
Product overview
Innovation Makers provides an omnichannel digital banking and payments platform comprising four solution families: Banking Solutions (Internet Banking, Mobile Banking, SMS/USSD, Counter Portal, Mobile Counter, Banking Agent), Payment Solutions (Mobile Payments, Voucher Server, SPS, DDS, Card Management System, MPPS, Kiosk Payments), Financial Management Solutions (BFM, PFM), and Integration Services (DBI, Finastra Essence, OnboardPlus). The DBI platform serves as the core integration hub enabling all digital channels to connect to various core banking systems. OnboardPlus provides biometric digital onboarding. The MPPS acts as the payment switch routing across multiple protocols (SWIFT, SEPA, ISO 20022, local networks). The CMS manages card lifecycles. Finastra Essence is offered as a certified implementation partner for core banking.
Differentiator
Problem solved
Functional benefit
Brands
- OnboardPlus: Digital onboarding solution for 100% digital account opening with biometric authentication and KYC/AML compliance.
- MPPS (Multi-Protocol Payment Switch)
- CMS (Card Management System)
- DBI (Digital Bank Integration)
- Finastra Essence
Products and services
- Internet Banking
Quantifiable outcome
- Reduced onboarding time through digital account opening with biometric authentication
- +3 more outcomes
Companies that use Innovation Makers
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles2 records
Innovation Makers technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
AI capability6 records
Feature12 records
Innovation Makers partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- FinastracoreINM is a certified Finastra partner for implementation, integration and support of Essence across African and European markets. They combine deep platform knowledge with proven local expertise in BNA regulatory requirements, data sovereignty, and local payment network integration. Services include greenfield implementation, private cloud migration, and 24/7 application support.
- Boston Consulting GroupminorPartnership information displayed in partner section. BCG contact details shown for Luanda, Angola office.
- IBMcoreIBM serves as technology infrastructure partner with presence in Lisbon, Portugal and Luanda, Angola. INM has experience with IBM Power infrastructure for private cloud migrations in Angola. IBM provides the underlying technology stack for some INM implementations.
- KEYDJUNE-HOLDING.SAminorRepresentative of Democratic Republic of Congo with presence in Kinshasa. Partnership extends INM's reach into the DRC market.
- Ministério da Economia e Planeamento de AngolaminorGovernment ministry partnership for Angola operations. Contact provided for Luanda office with business hours Monday to Friday 8:00 to 15:30.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Innovation Makers competitors and assessment
Company assessmentDirect peers
- Temenos: Swiss-headquartered global vendor of core and digital banking software serving retail, corporate, and SME banks worldwide. Directly comparable to INM because it sells a digital banking platform that banks can adopt to run digital channels, payments, and onboarding — competing for the same financial-institution IT modernisation budgets.
- Tagit: Singapore-headquartered digital banking solutions provider for retail and corporate banks, with a strong presence in emerging markets across Asia, Middle East, and Africa. Comparable to INM in offering omnichannel digital banking, mobile, and payments platforms to banks in emerging markets.
- Thought Machine: UK cloud-native core banking platform (Vault) that contracts with tier-one banks to replace legacy systems. A direct competitor for greenfield core deals and adjacent to INM's Finastra Essence implementation practice, especially for European banks seeking cloud-native modernisation.
- Backbase: Dutch digital banking platform provider that helps banks unify their customer-facing channels on top of existing core systems. Comparable to INM's DBI/Internet Banking/Mobile Banking/OnboardPlus stack, with a similar 'engagement layer on top of any core' architecture and bank-centric B2B GTM.
- Mambu: German cloud-native core banking and lending platform sold to banks, fintechs, and lenders. Comparable to INM in providing composable banking infrastructure to financial institutions, with overlap in account, payment, and digital onboarding capabilities sold through a B2B software model.
Broad incumbents
- Intellect Design Arena: India-headquartered digital banking and fintech platform vendor with broad retail, corporate, and wealth coverage. Comparable to INM as a multi-product banking software provider targeting emerging-market banks, with a similar full-stack channel + payments + onboarding offering.
- nCino: US cloud banking platform focused on relationship managers, account opening, and loan origination for retail and commercial banks. Comparable to INM in selling bank-facing digital workflow software, though nCino is significantly larger and focused on commercial banking and US/UK markets.
- Finastra: Global top-3 financial software vendor whose Essence, Equation, and FusionFabric.cloud platforms underpin much of INM's channel and integration work. INM is a certified Finastra partner, so Finastra is both an upstream platform provider and an indirect competitor for large digital transformation deals.
- Oracle Financial Services Software: Large incumbent vendor of core banking and digital channel platforms (FLEXCUBE, Digital Experience) used by global banks. Competes with INM for digital banking transformation budgets and overlaps directly with INM's channel, payments, and onboarding portfolio at the higher end of the market.
Emerging players
- 10x Banking: UK cloud-native core banking platform purpose-built for challenger banks and incumbents modernising their core. Adjacent to INM's positioning as a digital banking platform provider, with overlap in the European market and comparable B2B GTM to financial institutions.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Innovation Makers social profiles
Digital presenceInnovation Makers financial estimates
Financial estimateRevenue estimate
Valuation estimate
Innovation Makers leadership team
Management profileNumber of profiles
Profiles1 record
Innovation Makers funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Innovation Makers 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 Innovation Makers
What does Innovation Makers do?
Innovation Makers designs, develops, and implements omnichannel digital banking and payment software solutions for financial institutions. Its product suite covers internet/mobile/SMS banking channels, payment switches, card management, digital onboarding with biometrics, and personal/SME financial management tools, integrated via the DBI platform with certified connectors to core banking systems including Finastra Essence, Equation, and Asseco Banka. The company serves banks in over 7 countries across Europe and Africa with custom implementation and 24/7 support services.
Is Innovation Makers a public or private company?
Innovation Makers is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Innovation Makers founded?
Innovation Makers was founded in 2009. It employs 101 to 250 people.
Where is Innovation Makers based?
Innovation Makers is headquartered in Óbidos, Portugal, in the Europe region.
How does Innovation Makers make money?
Three revenue lines are on record. Software Development and Implementation is the primary driver. The others are core Banking Implementation Services and omnichannel Digital Solutions.
Who are Innovation Makers's main competitors?
Direct peers on record are Temenos, Tagit, Thought Machine, Backbase and Mambu. Broad incumbents are Intellect Design Arena, nCino, Finastra and Oracle Financial Services Software. 10x Banking is listed as an emerging player.
Does Innovation Makers have an API?
No public API is recorded for Innovation Makers.
What industry is Innovation Makers in?
Innovation Makers's product category is Banking Software. Its primary akta.pro industry code is FSABACAJ, Technology, Software & IT Services, with a secondary code of FSAGAAAI, SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations). Its NAICS code is 541512 and its SIC code is 6199.