aid: micro-connect
name: Micro Connect
description: >-
  Micro Connect (滴灌通) is a Hong Kong-founded financial market infrastructure group,
  established in 2021 by Charles Li (former CEO of Hong Kong Exchanges and Clearing) and
  Gary Zhang, that turns the daily revenue of micro, small and medium businesses into a
  standardised, tradable asset class. Its Daily Revenue Obligation (DRO) and revenue-based
  financing contracts are listed, cleared and settled on the Micro Connect (Macao)
  Financial Assets Exchange (MCEX) — a financial institution approved by Macao executive
  order Ordem Executiva n.º 47/2022 and regulated by the Monetary Authority of Macao, and
  wholly owned by Micro Connect Group. The group runs several operator-facing web platforms
  on its own SaaS stack — the Micro Connect Open Platform (open.microconnect.com) for brand
  and merchant data onboarding, the M-Terminal investor terminal (mt.microconnect.com), and
  the store/merchant consoles — all served from a single API gateway at api.mcisaas.com and
  authenticated by a Keycloak identity provider at kc.mcisaas.com. No public developer
  program, API reference or machine-readable API contract is published; the integration
  surface is reachable only after enterprise account registration and login.
deliveryModel:
  model: saas
  open_source: false
  commercial: true
  callable_host: false
  label: Hosted service · you call their endpoint
  confidence: medium
  source:
  - pricing
  generated: '2026-08-28'
  method: derived
image: https://www.microconnect.com/images/logo-dark.png
url: https://raw.githubusercontent.com/api-evangelist/micro-connect/refs/heads/main/apis.yml
x-type: company
x-source: harvest:secondary-market
specificationVersion: '0.20'
created: '2026-08-25'
modified: '2026-08-25'
tags:
- Company
- Financial-Services
- Capital Markets
- Exchanges
- Revenue-Based Financing
- Fintech
- Investing
- Small Business
- Hong Kong
- Macao
- China
tags_raw:
- Company
- Financial Services
- Capital Markets
- Exchanges
- Revenue Based Financing
- Fintech
- Investing
- Small Business
- Hong Kong
- Macao
- China
apis:
- aid: micro-connect-open-platform
  name: Micro Connect Open Platform API
  description: >-
    The private HTTP API behind the Micro Connect Open Platform (滴灌通开放平台), the
    enterprise console brands and merchants use to register, submit daily revenue and order
    detail reports, review data, manage authorisation files and export settlement data. The
    console is a browser SPA served from open.microconnect.com; every request it makes goes
    to the Apache ShenYu gateway at api.mcisaas.com under the /api prefix and is
    bearer-authenticated against the Keycloak realm numa-realm at kc.mcisaas.com. Micro
    Connect publishes no OpenAPI, no reference documentation and no developer portal for
    this surface — it is reachable only after enterprise account registration and login.
  humanURL: https://open.microconnect.com/
  baseURL: https://api.mcisaas.com/api
  tags:
  - Revenue Reporting
  - Merchant Onboarding
  - Settlement
  properties:
  - type: Authentication
    url: authentication/micro-connect-authentication.yml
  - type: OAuthScopes
    url: scopes/micro-connect-scopes.yml
  - type: ErrorCatalog
    url: errors/micro-connect-problem-types.yml
  - type: Conventions
    url: conventions/micro-connect-conventions.yml
maintainers:
- FN: Kin Lane
  email: kin@apievangelist.com
- FN: APIs.json
  email: info@apis.io
common:
- type: Website
  url: https://www.microconnect.com/
- type: Blog
  url: https://www.microconnect.com/news
- type: BlogRSS
  url: https://www.microconnect.com/rss.xml
- type: Support
  url: https://www.microconnect.com/contact
- type: Pricing
  url: https://mcex.mo/en/guide/market/fee
- type: WellKnown
  url: well-known/micro-connect-well-known.yml
- type: Authentication
  url: authentication/micro-connect-authentication.yml
- type: OAuthScopes
  url: scopes/micro-connect-scopes.yml
- type: Conformance
  url: conformance/micro-connect-conformance.yml
- type: Compliance
  url: conformance/micro-connect-conformance.yml
- type: DomainSecurity
  url: security/micro-connect-domain-security.yml
- type: Lifecycle
  url: lifecycle/micro-connect-lifecycle.yml
- type: Conventions
  url: conventions/micro-connect-conventions.yml
- type: ErrorCatalog
  url: errors/micro-connect-problem-types.yml
- type: Packages
  url: packages/micro-connect-packages.yml
- type: Plans
  url: plans/micro-connect-plans-pricing.yml
- type: RateLimits
  url: rate-limits/micro-connect-rate-limits.yml
- type: LLMsTxt
  url: llms/micro-connect-llms.txt
x-enrichment:
  date: '2026-08-25'
  status: minimal
  artifacts_added: 15
  pass: local-v1
x-coverage:
  state: gated
  reason: partner-login
  detail: >-
    Micro Connect's only API surface is the Open Platform (滴灌通开放平台) at
    open.microconnect.com, an enterprise console whose SPA calls an Apache ShenYu gateway at
    api.mcisaas.com behind a Keycloak login (realm numa-realm, client web-mcc-open-platform);
    there is no developer portal, no API reference and no spec at any path on any host, and the
    console's origin open.microconnect.cn has served an expired TLS certificate since
    2024-11-27.
  evidence:
  - url: https://open.microconnect.com/
    status: 301
  - url: https://kc.mcisaas.com/auth/realms/numa-realm/.well-known/openid-configuration
    status: 200
  - url: https://www.microconnect.com/openapi.json
    status: 404
  - url: https://api.mcisaas.com/v3/api-docs
    status: 200
  - url: https://mcex.mo/.well-known/agent-card.json
    status: 404
  checked: '2026-08-25'