Mida partners Tier 1 Bank on debt collection, management

Mida Technologies, a leading financial services provider that leverages AI-powered ethical debt collection and recovery solutions, has partnered with a leading Nigerian bank to deploy its MidaOmni solution in support of the bank’s debtor management activities. The Tier 1 bank serves over 30 million people, is among the largest on the continent for customers served, and employs over 15,000 people.

Partnerships such as these are a key driver of financial inclusion and a thriving credit ecosystem in Africa. Mida looks forward to working with its partners in the financial services sector to achieve its vision of leveraging its blended team of financial services experts, software innovations, and data scientists to enhance debtor management across Nigeria.

Mayowa Anibaba, co-founder/ CEO at Mida says, “As Mida, we are excited to be entering into this partnership with one of Nigeria’s leading banks. We look forward to moving debtor management into its next phase in Nigeria, creating, adding value for lenders and customers alike throughout the financial system.”

The partnership was formally instituted in the middle of 2024 and went live in February 2025.

Mida’s range of services for financial service providers includes MidaCollect, which is creating tailored strategies for lender loan portfolios relating to collections, recovery, and managing team productivity in a single place, while Mida Recovery is focused on online and field recovery services for non-performing loans and write-offs, providing effective strategies to maximize asset recovery.

Other are MidaOmni, which is customized strategies for loan collections and recovery while managing team productivity in one centralized platform, while MidaX is Digital skip tracing solution for hard-to-find defaulters, ensuring efficient and accurate recovery with advanced data analytics

Mida currently manages a debt portfolio of over $6m and provides debt management services and solutions to multiple lenders from commercial banks to microfinance banks and other formal and informal lending institutions

Founded in 2023, Mida is bridging the credit gap by empowering financial service providers with innovative technology-driven solutions. We believe that better repayment performance builds trust for creditors while a dynamic & ethical approach increases repayment rates for borrowers. Our solution ensures both happen.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.