Mambu launches fintech start-up programme
The SaaS banking platform provider says that the initiative will help accelerate the development of new consumer and business-focused financing products.
The SaaS banking platform provider says that the initiative will help accelerate the development of new consumer and business-focused financing products.
Mambu, the Berlin-based software-as-a-service (SaaS) banking platform provider set up in 2011, is partnering with accelerators and incubators to launch a financial technology (fintech) start-up programme.
The company said that the initiative will allow companies to bring their innovative vision to market faster by leveraging the Mambu platform. The programme is designed for start-ups that are part of selected accelerators and incubators that the company has partnered with. The aim is for these organisations to build their innovative consumer or business-focused financing products – such as lending and deposits – much faster and more cheaply than building the technology fully in-house.
Mambu has already enjoyed success with start-ups, including Kueski, a short-term consumer lender in Mexico, which built a simple customer experience and an automated credit decisioning engine on top of Mambu’s cloud banking platform and APIs. Working with the German company has helped Kueski build a service that has enabled them to reach over 20% month-to-month growth rate in loans disbursed since its launch, attracting US$35m in growth financing from investors.