Organisation
Inclusive Financial Technology Foundation
INFTF MTÜ is an Estonian non-profit organisation working at the intersection of financial institutions, regulation and open financial technology. We support practical infrastructure that can improve financial inclusion while strengthening the institutions and domestic systems around it.
What we contribute.
We contribute payment know-how, architecture, prototypes and technical support for blockchain-specific integrations in production code. We also connect institutions and technical teams, helping the parties work through the dependencies of a payment flow. The business parties manage currency issuance, compliance checks and production operations.
“[The Inclusive Financial Technology Foundation] works with central banks and financial institutions across emerging markets to advance inclusive settlement infrastructure.”
Pro bono contributions.
INFTF contributes to projects pro bono, with no fees. We focus on practical benefits for individual users and financial inclusion, where blockchain can help solve a real problem. Learn more about the foundation’s mission at inftf.org.
How we are structured.
The Inclusive Financial Technology Foundation is the public English name of INFTF MTÜ, an Estonian non-profit association (mittetulundusühing), registry code 80586600. The association is represented by its management board. INFTF Payments is an initiative of the association.
What we work on.
- remittance settlement
- regulated digital money
- open financial infrastructure
- Xahau
- public data infrastructure
- research
Selected milestones.
- Oct 2024
Partnership with Cooperative Bank of Oromia announced: a Xahau-based remittance service for the Ethiopian diaspora, delivered through a wallet application. That direct model remains a parallel design alongside the 2026 institutional corridor and depends on a regulated euro instrument being broadly available on Xahau. Announcement, 3 October 2024 ↗
- Oct 2024
INFTF signed a memorandum of understanding with the African Union to advance the work of the AU Peace Fund, and undertook exploratory work on financial technology for contributions to the fund. No INFTF payment deployment was launched. INFTF announcement, 4 October 2024 ↗
- May 2025
Recognised as a partner of Tallinn University of Technology (TalTech) at the university’s partner recognition event in May 2025.
- Oct 2025
Collaboration with Quantoz to bring EURQ, a regulated euro-denominated e-money token, to Xahau. INFTF announcement, 30 October 2025 ↗
- May 2026
Europe → Ethiopia inward remittance settlement launched by TerraPay, Cooperative Bank of Oromia and Quantoz Payments, developed in collaboration with INFTF. TerraPay announcement, 6 May 2026 ↗
- Ongoing
Public ledger infrastructure: high-availability Xahau servers and data APIs for Xahau and the XRP Ledger. Reliable access to verified ledger data ↗
People.
Our payments work brings together institutional relationships, technical development, compliance and analytics.
- Daniel Siedentopf
Head of technology
- José Antonio Lázaro Espila
Chief operating officer
- Thomas Silkjær
Head of compliance and analytics
Management board.
INFTF MTÜ is represented by its management board, as recorded in the Estonian e-Business Register.
- Bharath Chari
Management board member
- Kristjan Järve
Management board member
- Wietse Wind
Management board member