Mojaloop Foundation
- Company typePrivate
- Founded2020
- HeadquartersWakefield, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Mojaloop Foundation does
Mojaloop Foundation is a 501(c)(3) charitable nonprofit organization, incorporated in the United States and headquartered in Wakefield, MA, that maintains and distributes Mojaloop, an open-source software platform for interoperable, real-time digital payment systems. The foundation was spun out of the Bill & Melinda Gates Foundation in May 2020, though the underlying software was first established in 2017. Its core product, the Mojaloop Hub, is a reference implementation built on the Interledger Protocol and composed of an Account Lookup Service (ALS), a Central Ledger for clearing and settlement, and a Central Settlements API, designed around eight financial inclusion principles including open-loop interoperability, push payments with immediate transfer, proportional KYC, and shared fraud protection. The software is distributed free under the Apache 2.0 license and is deployed in national instant payment systems in Rwanda (eKash), Liberia (Pay Na-Na IIPS, launched December 2025), The Gambia (BANTABA 2.0, launched December 2025), Mexico, and the Philippines, with a regional rollout across COMESA and additional active proofs of concept in five countries.
The foundation does not sell software. Revenue is generated through a tiered membership model (Promoter members pay $10,000-$100,000 annually based on company revenue; Sponsors pay $200,000 annually and receive Board representation) and philanthropic grants, primarily from the Bill & Melinda Gates Foundation and The Rockefeller Foundation. Go-to-market is community-led and event-driven, anchored by three annual MojaCom community meetings, a formal Training Program (MOJA 101-104, DFSP, Hub, Scheme courses, Testing Toolkit) delivered through learn.mojaloop.io, a Global Partner Program, and a Service Provider Directory of system integrators. Distribution is indirect: deployment is executed by accredited service providers (including INFITX Africa, ThitsaWorks, Talino Ventures, PAYSYS LABS, FNA, Modupay, Sybrin, KPMG France), while the foundation itself maintains a distributed team of roughly 20-30 staff across the US, UK, India, Rwanda, Kenya, Sierra Leone, and UAE.
The foundation is governed by a Board of Directors that includes representation from the Gates Foundation, Google, the Interledger Foundation, the Global Finance & Technology Network, OpenUK, and Co-Develop, alongside a Technical Governing Board. In April 2026, the foundation announced a leadership transition: Jean Bosco Iyacu, former CEO of Access to Finance Rwanda, will succeed retiring Executive Director Paula Hunter as CEO effective June 1, 2026, signaling an operational pivot toward an Africa-based executive with deep financial-inclusion field experience.
Mojaloop Foundation firmographics
Firmographics- Name
- Mojaloop Foundation
- Legal name
- Mojaloop Foundation
- Website
- https://mojaloop.io
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Mojaloop Foundation industry classification
Industry- Product category
- Open Source Payment Infrastructure Software
- NAICS
- Computer Systems Design and Related Services (54151)
- SIC
- Finance Services (6199), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Open Banking, Account Aggregation & Payment Initiation APIs (BPAMAFAJ)
- akta.pro secondary industries
- Payment Gateways & Orchestration (BPAMAFAA), Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation) (FSAGACAI)
Keywords
Where Mojaloop Foundation is headquartered
LocationHeadquarters
- HQ city
- Wakefield
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Mojaloop Foundation business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Others
Revenue model
- Membership Fees: The foundation generates revenue through tiered membership fees. Sponsor members pay $200,000 annually. Promoter members pay $10,000 to $100,000 annually based on company revenue size. Membership provides governance participation, public recognition, and access to the technical community.
- Foundation Grants and Funding: Major funding from Bill & Melinda Gates Foundation and The Rockefeller Foundation. Additional funding from development banks and donors seeking to advance financial inclusion through interoperable payment infrastructure.
- Open Source Software (Free): The Mojaloop software itself is free, open-source under Apache 2.0 license. No revenue is generated from software licensing - this is a public good maintained by the foundation in service of financial inclusion.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Promoter Membership - Tiered by company revenue |
| Subscription | Annual | Sponsor Membership |
| Freemium | Pay-as-you-go | Open Source Software - Free |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Mojaloop Foundation product offering
Product offeringCore offering
Mojaloop Foundation develops and maintains open-source software for interoperable instant payment systems (IIPS). The Mojaloop Hub serves as the reference implementation connecting banks, mobile money providers, microfinance institutions, and merchants via components including Account Lookup Service, Central Ledger, and Central Settlements. The foundation supports adopters through training programs, an adoption toolkit, a service provider directory, and community events, and is funded primarily by philanthropic grants and tiered membership fees.
Product overview
Mojaloop Foundation offers a unified open-source software platform for inclusive instant payment systems (IIPS), centered around the Mojaloop open source software that serves as a reference model for interoperable payments. The core Mojaloop Hub provides the central infrastructure including the Account Lookup Service, Central Ledger, and Central Settlements for clearing and settlement between digital financial service providers. Supporting this core platform are the Mojaloop Training Program with multiple courses (MOJA 101-104, DFSP, Hub, Scheme, TTK), the Mojaloop Testing Toolkit for quality assurance, the Adoption Toolkit for implementation support, and community programs including MojaCom events and the Accelerator Program. The platform is designed to enable real-time digital transfers across banks, mobile money providers, and microfinance institutions in emerging markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Mojaloop Open Source Software Free, Apache 2.0 licensed open-source software that serves as a reference model for creating interoperable instant payment platforms connecting banks, mobile money providers, microfinance institutions, and merchants in emerging markets. For central banks, hub operators, financial institutions, and development partners.
- Mojaloop Hub The primary container and reference implementation of the Mojaloop platform, providing the hub through which money flows between digital financial service providers. Includes central ledger for clearing and settlement, identity lookup, fraud management, and scheme rules enforcement. For hub operators and central banks deploying national payment switches.
- Mojaloop Training Program Comprehensive training curriculum designed to accelerate understanding of Mojaloop and encourage informed advocacy. Includes courses such as MOJA 101-104, DFSP 101/204/209, Hub 101/204/209, Scheme 101, and the Testing Toolkit course. Delivered through learn.mojaloop.io for adopters, developers, and ecosystem stakeholders.
- Sponsor Membership Annual paid membership tier priced at $200,000 per year providing Sponsor members with a seat on the Board of Directors and Technical Governing Board, along with governance participation, public recognition, and access to the technical community.
- Promoter Membership Annual paid membership tier priced from $10,000 to $100,000 per year based on member company revenue (under $10M = $10,000; $10M-$25M = $25,000; $25M-$75M = $50,000; over $75M = $100,000). Provides governance participation, public recognition, and access to the technical community. Nonprofit members may request dues exemption.
Quantifiable outcome
- Could add $3.7 trillion to emerging countries' GDP by 2025 if digital financial services are widely adopted
- +2 more outcomes
Companies that use Mojaloop Foundation
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles5 records
Mojaloop Foundation technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Mojaloop Foundation partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered flagship, core, major, regional and legacy.
- Central Bank of LiberiaflagshipPartnered with Mojaloop Foundation to launch the Liberia Inclusive Instant Payments System (IIPS), a real-time interoperable payments platform powered by Mojaloop. The system enables mobile money transfers between Liberia's mobile network operators, promoting digital financial inclusion.
- AfricaNenda FoundationcoreTechnology-neutral provider supporting instant payment systems across Africa. Partnered with Mojaloop Foundation on the Liberia IIPS launch. AfricaNenda is part of the Global Partner Program focused on revolutionizing financial inclusivity across the continent.
- ThitsaWorkscoreService provider promoting financial inclusion for the unbanked in developing economies. Partnered with Mojaloop Foundation on the Liberia IIPS launch and also supports Guinea's national SPI initiative. Listed in the Mojaloop Service Provider Directory.
- VisamajorJoined the Mojaloop Foundation Global Partner Program in November 2025. Collaboration aims to make digital payments safer and more inclusive, building trust and resilience in instant payment systems globally. Visa brings global payments expertise and reach.
- Innovations for Poverty Action (IPA)majorJoined Global Partner Program to bring rigorous evidence to inclusive instant payment systems. IPA is committed to ensuring through research and network that instant payment systems deliver on their promise of financial inclusion.
- FinternetmajorJoined Global Partner Program as part of collaborative development and thought leadership initiatives. Finternet shares commitment to open, interoperable, and user-centered digital finance.
- Global Finance & Technology Network (GFTN)majorJoined Global Partner Program focused on connecting innovation, regulation, and investment. Collaboration marks shift from policy discussions to implementing real infrastructure across Africa and Asia.
- CenfrimajorSouth Africa-based independent think tank dedicated to enabling inclusive and trustworthy markets. Brings regional policy insight to Global Partner Program to help shape the future of interoperable payments.
- FNAcoreAI and simulation technology company providing advanced tools to detect and prevent fraud in financial systems. Partnership equips financial systems with capabilities to safeguard ecosystems and communities from fraudulent activity.
- GLEIFmajorGlobal Legal Entity Identifier Foundation. Collaboration accelerates digital financial inclusion across Africa by expanding MSME access to financial services built on transparency and trust through entity identification standards.
- MOSIPcoreModular Open Source Identity Platform. Deep investment in community-driven technology development and deployment. Partnership demonstrates commitment to open-source innovation and digital public infrastructure.
- The Institute for Inclusive Digital Africa (IIDA)regionalNext-generation hub supporting digital economy leaders in Africa with valuable research and digital initiatives to reduce inequalities across regions and ecosystems.
- Talino VenturesregionalListed in Service Provider Directory. Transitioned from venture studio to fintech foundry focused on modernizing cross-border financial infrastructure. Platform powers solutions like BayaniPay, Higala, and Bahai Deals.
- INFITX AfricaregionalListed in Service Provider Directory. Globally recognized software company specializing in delivering equitable and inclusive financial services. Design Authority Chair Paul Baker from INFITX.
- GooglecoreBoard representation through Adama Diallo, Head of Partnerships, Next Billion Users Africa. Technical contribution through Google engineers on Technical Governing Board and involvement in standards development.
- Interledger FoundationcoreBoard representation through Briana Marbury, President and CEO. Mojaloop uses Interledger Protocol for interoperability (not blockchain). Works closely with Interledger for cross-border payments in 130+ countries.
- CoillegacyOriginal contributor to Mojaloop software development alongside Crosslake Technologies, Dwolla, ModusBox, Ripple, and Software Group. No longer active member but foundational to the project.
- ModusBoxlegacyOriginal contributor to Mojaloop software development. CEO David Wexler served on Board of Directors. Warren Carew represents ModusBox on Technical Governing Board.
Scale indicators5 records
Recent moves7 records
Expansion highlights4 records
Mojaloop Foundation competitors and assessment
Company assessmentDirect peers
- AfricaNenda Foundation: Africa-focused foundation dedicated to accelerating inclusive instant payment systems across the continent. Co-partnered with Mojaloop Foundation on the Liberia IIPS launch and shares the same financial inclusion mission and emerging-market target base.
- ModusBox: Original co-developer of Mojaloop software (2017) and a current implementation partner listed in the Service Provider Directory. ModusBox provides Mojaloop-adjacent implementation services and competes for the same system integration engagements.
- Interledger Foundation: Manages the Interledger Protocol on which Mojaloop's interoperability layer is built. Both organizations share board representation, target cross-border payment inclusion in 130+ countries, and pursue open digital financial infrastructure as a public good.
Broad incumbents
- Temenos: Swiss-listed (TEMN) core banking and payment hub software provider serving banks in 150+ countries. Temenos Payments Hub competes with Mojaloop for hub operator deals, offering commercial-grade fraud, AML, and scheme management integration.
- Mambu: Berlin-based cloud banking platform serving digital banks and financial institutions globally. Competes in adjacent banking infrastructure layer for emerging market financial service providers, including some who are also Mojaloop adopters.
- ACI Worldwide: Public company (ACIW) providing real-time payment processing software including UP Immediate Payment solutions for central banks globally. Competes with Mojaloop for national payment switch deployments, particularly in emerging markets where ACI has deep commercial reach.
- FIS: Fortune 500 financial technology incumbent (FIS) offering payment processing, real-time payments, and banking software. Competes with Mojaloop for large financial institution and hub operator deployments, particularly in Latin America and emerging markets.
Emerging players
- Apache Fineract: Apache Foundation open-source platform for core banking, lending, and microfinance. Shares the open-source DNA and emerging market financial inclusion mission with Mojaloop, and is sometimes deployed alongside it for full banking stack inclusion projects.
- FNA (Financial Network Analytics): AI and simulation technology company partnered with Mojaloop Foundation (May 2025) for fraud detection in payment systems. Operates in adjacent payment infrastructure analytics space and is part of the Global Partner Program.
Regional players
- National Payments Corporation of India (NPCI): Indian government-backed organization operating UPI, the world's largest real-time interoperable payment system. Operates a similar hub-orchestration model for financial inclusion at national scale, though focused exclusively on the Indian market.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Mojaloop Foundation social profiles
Digital presenceMojaloop Foundation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mojaloop Foundation leadership team
Management profileNumber of profiles
Profiles17 records
Mojaloop Foundation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mojaloop Foundation 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 Mojaloop Foundation
What does Mojaloop Foundation do?
Mojaloop Foundation develops and maintains open-source software for interoperable instant payment systems (IIPS). The Mojaloop Hub serves as the reference implementation connecting banks, mobile money providers, microfinance institutions, and merchants via components including Account Lookup Service, Central Ledger, and Central Settlements. The foundation supports adopters through training programs, an adoption toolkit, a service provider directory, and community events, and is funded primarily by philanthropic grants and tiered membership fees.
Is Mojaloop Foundation a public or private company?
Mojaloop Foundation is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Mojaloop Foundation founded?
Mojaloop Foundation was founded in 2020. It employs 11 to 50 people.
Where is Mojaloop Foundation based?
Mojaloop Foundation is headquartered in Wakefield, United States, in the North America region.
How does Mojaloop Foundation make money?
Three revenue lines are on record. Membership Fees are the primary driver. The others are foundation Grants and Funding and open Source Software (Free).
Who are Mojaloop Foundation's main competitors?
Direct peers on record are AfricaNenda Foundation, ModusBox and Interledger Foundation. Broad incumbents are Temenos, Mambu, ACI Worldwide and FIS. Emerging players are Apache Fineract and FNA (Financial Network Analytics). National Payments Corporation of India (NPCI) is listed as a regional player.
Does Mojaloop Foundation have an API?
Yes. Mojaloop provides a DFSP interoperability API that enables digital financial service providers to connect to the Mojaloop platform. The API allows fintech and financial services companies to adapt code to country-specific requirements, update their own products and services, or propose updates to the Mojaloop platform itself. Developers can explore the software on GitHub and access documentation at docs.mojaloop.io. Developer documentation is at docs.mojaloop.io/technical.
What industry is Mojaloop Foundation in?
Mojaloop Foundation's product category is Open Source Payment Infrastructure Software. Its primary akta.pro industry code is BPAMAFAJ, Open Banking, Account Aggregation & Payment Initiation APIs, with a secondary code of BPAMAFAA, Payment Gateways & Orchestration. Its NAICS code is 54151 and its SIC code is 6199.