Are you a startup looking for ways to bring your technology to market faster? You’re in luck – Mambu is here to help.
The cloud-based SaaS banking platform maker announced this week that it is launching its FinTech Startup Program. The goal of the program is to help startups that are participating in accelerators and incubators that have partnered with Mambu to develop their products faster and cheaper. Eugene Danilkis, Mambu CEO, emphasized this point, saying that giving fintech startups access to Mambu’s platform “will give these companies the additional boost they are looking for.”
Pictured: Mambu President David Hamilton and CEO/cofounder Eugene Danilkis demonstrating their platform at FinovateAsia 2013 in Singapore.
Among the accelerators and incubators who will be participating is #500 Startups whose FinTech Entrepreneur in Residence Mike Sigal praised the access startups will get to a back-office platform like Mambu’s. He said the experience would provide up-n-coming companies with the “confidence they need to stay focused on building their differentiation and scaling their customer acquisition.” Speaking for partner Ynext Incubator by Envestnet | Yodlee, Jeff Cain added that it will offer companies in its program access to Mambu’s core banking engine starting with the Fall 2016 cohort. Also participating are Startupbootcamp FinTech, Techstars, and Citi Accelerator, with more incubators and accelerators to be added.
Founded in 2011 and headquartered in Berlin, Germany, Mambu demonstrated its technology at FinovateAsia 2013 in Singapore, and discussed its platform earlier this year at FinDEVr New York 2016. The company announced an investment of $8.7 million in January, which took Mambu’s total capital to more than $10 million. Last month, U.K. cloud-based bank OakNorth launched using Mambu’s infrastructure and API rather than a traditional core banking system.