Mambu is the core engine powering digital first banking and lending. The lean SaaS alternative to cumbersome core banking systems., helping its clients to successfully start up new business ventures, transform existing operations, launch new products and expand into new markets. Mambu provides financial institutions of all sizes with the agility to rapidly design, launch, service and scale their banking and lending portfolio. Launched in 2011, its technology powers over 5000 loan and deposit products which serve over 3 million end customers. With more than 180 live operations in over 40 countries, ranging from FinTech revolutionaries to traditional banks, Mambu is helping financial institutions evolve and thrive in the digital age.
Mambu expanded geographically by opening their Asia-Pacific hub in Singapore and Americas hub in Miami with plans to grow the number of clients in these regions. It also grew its headcount by 70%. Plans to strengthen its European coverage in 2018 include opening a new technology office in Amsterdam. In 2017, Mambu introduced numerous improvements to their revolving credit facility allowing for bespoke, flexible or dynamic payment scheduling with various conditions, interest and payment rules which can be tailored to individual needs, financial ability and credit rating of business and individual borrowers.