BridgeFund Chooses Mambu’s Cloud Banking Platform to Scale SME Lending
Amsterdam-based BridgeFund has selected Mambu’s cloud banking platform to enhance its SME lending services both within the Dutch market and internationally.
This move will replace BridgeFund’s in-house-built core banking system, which, according to CTO Jeroen Groenewegen, “wasn’t built with large-scale expansion in mind.”
Mambu states that BridgeFund, which facilitates peer-to-peer financing between merchants, will use this partnership to “expand its account volumes and product offerings” and to support “expansion into new markets.”
Founded in 2018, BridgeFund has issued over 6,500 loans totaling more than €300 million.
Groenewegen notes that Mambu’s “quick time-to-market meant we were online with deposits in just six months, and we are currently working on doing the same with lending.”
Mambu’s platform has seen increased demand recently, with Canada-based Brunswick Credit Union announcing last month its transition to Mambu’s cloud banking solution in preparation for the end of life of its legacy core system.
Source: fintechfutures.com
