In Nigeria’s fast-evolving fintech landscape, the spotlight often shines on lending — but behind the scenes, the real infrastructure problem lies in what happens after loans are disbursed. That’s where Mida Technologies is staking its claim: not as another collections agency, but as a technology company building the backend rails that help lenders operate smarter, faster, and more sustainably.
Founded by three ex-Renmoney executives — Mayowa Anibaba, Oke Egbi, and Adija Uzodinma — Mida is tackling one of the biggest inefficiencies in African credit: the fragmented, opaque, and largely manual processes that exist across the debt lifecycle. From risk strategy to recovery, the team is building modular, API-powered tools that allow lenders to see their portfolios in real-time, build intelligent workflows, and automate how they manage credit outcomes at scale.
“We’re not just solving for recovery — we’re solving for infrastructure,” says Mayowa Anibaba, Mida’s co-founder and CEO. “Think of us as a layer that brings structure to the chaos. We’re building technology that allows lenders to operate with the same agility as neobanks, whether they’re microfinance banks or large commercial institutions.”
Tech before collections
The idea for Mida was born from years of frustration inside legacy credit systems. All three founders had seen firsthand how difficult it was for even well-capitalized institutions to manage loan books effectively. The data was siloed. The tools were generic. Strategy changes took weeks. Customer engagement was reactive. Compliance was a nightmare.
“In most lending institutions, strategy lives in Excel and execution lives in chaos,” says Oke Egbi, Mida’s co-founder and Chief Revenue Officer. “We’re changing that. We built Mida to help credit providers move from guesswork to control — to treat debt portfolios like living systems, not static spreadsheets.”
Mida’s software suite includes tools for real-time portfolio segmentation, omnichannel collections, agent and DCA (Debt Collection Agency) performance tracking, and drag-and-drop strategy management. The company also recently integrated digital field recovery tools and intelligent contact center tech — combining machine learning with human empathy to improve borrower outcomes.
Proof of product-market fit
Mida didn’t start by pitching VCs or launching a shiny platform. It started by executing — fast. In under two years, the company now manages over $6 million in active debt portfolios and serves a growing list of financial institutions, including commercial banks, MFIs, and digital lenders.
“Collections was our wedge, but tech is our business,” says Oke. “Now we’re focused on scaling our infrastructure layer — the brain and nervous system of credit operations.”
Empathy, scaled by technology
Despite the technology backbone, Mida hasn’t forgotten the human side of lending. In a market where collection tactics often tilt toward aggression, Mida’s approach is driven by empathy, process, and data.
“Our mission is to help lenders recover value without destroying relationships,” says Adija Uzodinma, Mida’s co-founder and COO. “We’re building operational systems that scale ethically. From how agents engage borrowers to how data informs strategy, everything is designed to respect the customer and reintegrate them into the financial system.”
Mida’s team uses real-time borrower data to customize engagement strategies, recommend softer approaches, and create flexible repayment paths that improve recovery rates and customer retention.
The founding trio: Tech + ops + growth
The founding team brings deep cross-functional experience:
- Mayowa Anibaba (CEO) is a product-minded engineer who leads technology vision and software architecture. A former VP of Engineering, he still contributes to code while overseeing Mida’s innovation roadmap.
- Oke Egbi (CRO) is a fintech strategist with experience scaling credit operations 10x. She leads product, marketing, and revenue strategy, translating market needs into scalable features.
- Adija Uzodinma (COO) is the execution expert — managing infrastructure, IT systems, compliance, and operations across the entire platform.
“Startups succeed when vision meets execution,” says Adija. “We’re not just building features. We’re building infrastructure that can handle millions of loans, with real-time visibility and built-in resilience.”
All three founders have previously worked in multiple industries like software development, consulting, fintech, product management, growth, etc where they experienced the pain points that now drive Mida’s roadmap. Their combined experience is what gives Mida its operational edge — and why early customers have chosen the platform over incumbent solutions.
Looking Ahead: Infrastructure for an Inclusive Credit Ecosystem
As Mida prepares to raise its next round of funding, the team is doubling down on platform development, new integrations, and partnerships across the fintech stack.
Their vision? To be the invisible engine powering credit infrastructure in Africa — starting with Nigeria.
“We want to be the Stripe for credit,” says Mayowa. “Invisible but critical. A layer every lender can plug into — whether they’re issuing ₦5,000 nano-loans or ₦500 million corporate lines.”
Mida Technologies isn’t just chasing bad loans. It’s building the rails for better lending. And as Africa’s credit systems mature, infrastructure like Mida’s might just be what holds it all together.
