Kapitus selects Mambu to provide modern SME lending solutions | New

LAS VEGAS–(BUSINESS WIRE)–October 24, 2022–

Today at the Money20/20 conference, capitusa leading provider of financing to small and medium-sized enterprises (SMEs), announced that it has selected Mambu’s cloud banking platform as a technology base. Kapitus will leverage Mambu’s low-code composable lending engine to accelerate time to market as it scales the commercial lending space.

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Since its launch in 2006, Kapitus has helped more than 50,000 small businesses benefit from more than $4 billion in funding. With Mambu as the central banking system, Kapitus can serve and manage a growing number of customer contracts, while offering new financing solutions for SMEs.

“Our goal is to save small businesses time and money, while taking the stress out of the financing experience. As technology evolves, the opportunities to better serve this group also evolve. With Mambu as our cloud banking platform, we are ready to react in real time to the changing needs of our customers,” said Andrew Reiser, CEO of Kapitus. “We chose Mambu because its user interface makes it easy for someone with little or no coding experience to create financial products. Together, we look forward to creating a convenient and differentiated financing experience for our customers.”

“Small businesses are a diverse group, and Kapitus has a well-earned reputation for providing financial services that meet their unique needs,” said Robin Smith, vice president for North America, Mambu. “With Mambu, Kapitus can easily expand this mission to support even more business owners as they launch or grow their business. almost anyone, even those with a strict financial background, can design and deliver financial products.The future is bright as we strengthen our partnership and help Kapitus expand its product offering.

About Kapitus

Founded in 2006, Kapitus is one of the most experienced and trusted names in small business financing. As a direct lender and marketplace with an extensive network of financial partners offering a variety of products, Kapitus has provided over $4 billion in growth capital to over 50,000 small businesses. Kapitus, directly or through trusted partners, offers products tailored to the needs of every small business, including term loans, sales-based financing, SBA loans, equipment leases and revolving lines of credit.

About Mambu

Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu accelerates the design and construction of almost any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end-user demands. Mambu has 900 employees supporting 230 customers in over 65 countries – including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, OakNorth, Raiffeisen Bank, ABN AMRO, Bank Islam and Orange Bank. www.mambu.com

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CONTACT: For Mambu:

Anna Stanley/Laura Lenz

[email protected]/[email protected]

251.517.7857 / 678.781.7226For Kapitus:

Jackie Quintana

[email protected]

480.606.8180

KEYWORD: NEVADA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY FINANCE BANKING PROFESSIONAL SERVICES SOFTWARE SMALL BUSINESS INTERNET DATA MANAGEMENT ASSET MANAGEMENT OTHER PROFESSIONAL SERVICES

SOURCE: Mambou

Copyright BusinessWire 2022.

PUBLISHED: 10/24/2022 10:45 a.m. / DISK: 10/24/2022 10:47 a.m.

http://www.businesswire.com/news/home/20221024005236/en

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