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Mambu, the SaaS banking platform provider which once partnered with Kenya’s AllenHark Group, is set to launch its FinTech Startup Program, to help fintech startups scale faster.
Working with accelerators such as 500 Startups, Startupbootcamp FinTech and Ynext Incubator by Envestnet | Yodlee, Techstars and Citi Accelerator among others, to help them ship consumer or business financing products to the market faster.
“The banking industry is being disrupted with innovative fintech startups who are digitally integrated, customer centric, simple and agile,” said Eugene Danilkis, CEO of Mambu. “Mambu wants to enable these digital disruptors to get to market quicker by utilizing our platform and building their vision on top of it. With startups around the world competing with traditional financial institutions to try and win customer trust we hope our program will give these companies the additional boost they are looking for.”
Mambu will allow startups to be lean, fast and agile while focusing their resources on innovation to allow them to benefit from cost savings and quickly launch to the market. The startups will be able to re-focus their engineering efforts on what differentiates them from the competition, better positioning them for growth and funding through the support of Mambu’s scalable core banking platform.
“Building a financial services startup is complex and expensive. We’re excited to partner with the Mambu Startup Program to provide #500FinTech companies with the kind of back-office platform, and confidence they need to stay focused on building their differentiation and scaling their customer acquisition.” said Mike Sigal, FinTech EIR, 500 Startups & Senior Advisor, Innotribe Startup Challenge.
According to Nektarios Liolios, Co-Founder & CEO Startupbootcamp FinTech, the Mambu FinTech Startup Program has the potential to help its accelerator startups change the world faster and easier.
Ynext Incubator by Envestnet |Yodlee said in addition to access to its financial data platform and guidance from mentors and experts, the next class starting in Fall 2016 will receive complimentary access to the Mambu platform during the incubation period.
In January, Mambu raised an €8 Million round led by Acton Capital Partners and CommerzVentures to continue building on it’s global momentum and successes.
