Migo is an embedded lending platform designed to enable businesses to provide credit services directly through their applications. By leveraging proprietary machine learning (ML) algorithms, Migo assesses credit risk using data from partner companies, automating credit facilities through a streamlined API built on advanced cloud infrastructure. This solution simplifies the traditionally complex world of lending and broadens access to economic opportunities for underserved populations, especially those excluded from traditional credit systems.

Migo's Core Operations:

• Seamless Credit Integration: Migo empowers companies to extend credit to consumers and small businesses, embedding the entire process within their own apps.
• Proprietary Machine Learning: Migo’s ML algorithms are designed to assess credit risk based on company data, making credit decisions fast and efficient.
• Inclusive Lending: By enabling credit access for populations typically ignored by traditional credit bureaus, Migo opens the door to life-changing financial opportunities, particularly for lower-income consumers.

Vision

Migo’s vision is to make prosperity available to all, focusing on unlocking financial potential for people across different economic backgrounds.

Mission

Migo’s mission is to reinvent the way people access and use credit, creating an easier and more inclusive system of financial opportunities.

Values:

• Humility: Customers are viewed as Migo's teachers, with feedback used to continuously improve.
• Trust: Migo commits to delivering on promises made to both customers and partners.
• Inclusivity: Treating customers like family ensures an inclusive approach to financial services.

Regulatory Compliance:

Migo operates under a framework of strict regulatory compliance, including:

• Central Bank of Nigeria (CBN)
• National Information Technology Development Agency (NITDA)
• Nigerian Communications Commission (NCC)

During the Know Your Customer (KYC) process, Migo integrates with the Thomson Reuters Refinitiv Screening Solution, screening customers against global sanctions lists (OFAC, UN, EU), and identifying high-risk or politically exposed persons (PEPs).

While Migo itself is not directly regulated, it adheres to strict compliance requirements through its partnerships, ensuring full functionality and regulatory alignment.

Partner Consultation:

Migo advises its business partners to consult local regulatory agencies to ensure their eligibility to offer lending services through the platform.

Migo is headquartered in San Francisco and operates in Nigeria and Brazil, bringing cutting-edge lending solutions to both developed and emerging markets.