12 years ago, in a tiny garage in Vijayanagar, a few devs started building a loan management system for the unbanked. No funding, no AC, no plan B.

That system became Mifos, later adopted and matured into Apache Fineract, and is now the backbone for hundreds of fintechs and NBFCs globally.

This is the behind-the-scenes farewell note from one of the original builders who later co-founded Finflux (acquired by M2P).

A great read if you’re into: • Open-source in real-world fintech • Startup → platform → foundation evolution • Stories from outside Silicon Valley