Minu (Providing early-wage-access using Open Banking)

Minu (Providing early-wage-access using Open Banking)
Description

Minu offers early earned wage access to workers in Mexico using HR departments and gig economy platforms as distributors.

The company uses an enriched Open Banking product (tailored to the gig economy) to access gig economy workers' bank accounts, analysing historical transactional data and account balance changes before them advancing wages.

Phase
Live
Industry
Lending
Niche
Earned wage access scheme