Over the past year, our entire developer community has transitioned to and worked towards becoming a top-level project of the Apache Software Foundation.  It’s with great pleasure that we can announce that Apache Fineract has now formally graduated from incubation into a top-level project.

Contributing Mifos X to the Apache Software Foundation was a giant step for the maturity and evolution of our project. Becoming a top-level project marks an important transformation to grow our developer community and  achieve our long-term vision of establishing an open standard for financial inclusion innovation.

Here’s a brief excerpt from the press release. Please visit the Apache Software Foundation blog for the full announcement:

“In many ways Fineract broke new grounds as an Incubating project at the ASF,” said Roman Shaposhnik, Apache Fineract Incubator Mentor, Director of Open Source Strategy at Pivotal and Vice President Technology for ODPi at Linux Foundation. It was the first project that was originally developed by a non-profit: Mifos Initiative. It was the first project with an extremely important social agenda in mind: speed up the elimination of poverty. It was the first project that fully embraced the next generation microservices architecture. But there’s one thing that gets me even more excited: how quickly the Fineract community embraced ‘The Apache Way’ of project governance. They truly made my job as a mentor smooth sailing and I wish them to grow by leaps and bounds now that they are a TLP at the ASF.”

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