A Tier-1 Nigerian bank and a leading financial technology company Mida Technologies have teamed up to improve debtor management throughout the nation to implement its MidaOmni solution which is an initiative for debt management.
Mida Technologies said in a statement on Tuesday that its collaboration with the bank expands upon its AI-driven debt recovery solutions.
According to Mayowa Anibaba, co-founder and CEO of Mida, the bank, which employs over 15,000 people and services over 30 million customers, started the relationship in February 2025, the corporation said. The partnership intends to implement MidaOmni, the company’s main solution, to enhance credit portfolio segmentation and expedite debt recovery.
Partnerships like these, according to Anibaba, are crucial for promoting financial inclusion and a robust credit environment in Africa. According to him, Mida, which uses AI-powered ethical debt collection and recovery solutions, is eager to collaborate with its financial services industry partners in order to realize its goal of improving debtor management throughout Nigeria by utilizing its diverse team of financial services professionals, software advancements, and data scientists.
“As Mida, we are excited to be entering into this partnership with one of Nigeria’s leading banks,” said Mayowa Anibaba, co-founder and CEO, who characterized the agreement as a turning point for the country’s financial sector. We are eager to advance debtor management in Nigeria to the next stage, which would benefit lenders and consumers equally across the financial system.
Financial organizations can use MidaOmni to cluster credit portfolios according to criteria including risk, delinquency, and client behaviour, he continued. Institutions can give personalized tasks and effectively monitor performance thanks to this segmentation.
“With MidaOmni, financial institutions can categorize their credit portfolios into predetermined clusters and designate customised tasks to each segment based on criteria such as risk, delinquency, and customer behaviour, among others,” stated Adija Uzodinma, the company’s Chief Operations Officer, in reference to the capabilities of the solution.
Beyond MidaOmni, Mida Technologies announced its product line, which includes MidaCollect for intelligent digital collection tactics customized for lenders’ portfolios.
Other services included Debt Buying, a cloud-based core banking system for efficient financial operations, Mida Recovery, which offers online and on-field services for recovering non-performing loans and write-offs, and MidaX, a digital skip tracing tool for finding difficult-to-find defaulters.
“We believe that better repayment performance builds trust for creditors while a dynamic and ethical approach increases repayment rates for borrowers,” said Oke Egbi, co-founder and chief revenue officer of Mida Technologies, who also acknowledged that Mida’s innovations are addressing important pain points in Nigeria’s credit space. Both outcomes are guaranteed by our solution.
According to Mida, it serves a variety of financial institutions, such as commercial banks, microfinance banks, and informal lenders, and it oversees a debt portfolio worth over $6 million. Its collaborations with the bank are essential to promoting financial inclusion and creating a more effective credit ecosystem in Africa.
We at Mida are thrilled to be launching this collaboration with one of the top banks in Nigeria. We are eager to advance debtor management in Nigeria to the next stage, adding value for both lenders and consumers across the board,” he stated.
Adija Uzodinma, the Chief Operations Officer of Mida Technologies, highlighted a major advantage of the solution: financial institutions may use MidaOmni to group their credit portfolios into predefined clusters and assign unique responsibilities to each one.
“Established in 2023, Mida Technologies is helping financial service providers close the credit gap by providing them with cutting-edge, tech-driven solutions.” According to the company, “a dynamic and ethical approach increases repayment rates for borrowers, while better repayment performance builds trust for creditors,” Uzodinma said.
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