FinovateAsia 2013 / Mambu
Presenter Profile:
How they describe themselves: Mambu enables any financial institution to deliver state-of-the-art banking through a native cloud-based software as a service solution. Agile, flexible and open, Mambu eliminates the complexities typically associated with core banking software, at a fraction of the cost. Mambu’s end-to-end approach makes it simple and cost-effective to provide essential banking services like loans and deposits.
How they describe their product/innovation: Mambu is a native cloud SaaS banking application. Built entirely for the web with a ‘cloud-first’ approach, our product runs the end-to-end operations that a bank needs, from loan and deposit product creation and servicing, to client relationship management and reporting. It does this entirely online and with a business and delivery model that allows any financial institution of any size to rapidly access state-of-the-art banking technology in the cloud, at a fraction of the cost and time of a traditional core banking solution.
Product Distribution Strategy: Direct to Business (B2B)
Contacts:
Bus. Dev. & Sales: David Hamilton, President, david@mambu.com
Press: Ruth Brown, Head of PR & Communications, ruth.brown@mambu.com
Website: mambu.com
Blog: blog.mambu.com
Twitter: @mambu_com
HQ Location: Berlin, Germany
Founded: December 2011
Product Demoed: Mambu.com
Product Launch: May 2011
Metrics: Since 2011, we’ve raised nearly $3M in venture funding. We have offices in Berlin, Iași, London and Geneva and will be establishing offices in Manila and San José (Costa Rica) in the next 12 months. By the end of 2013, we will have more than 20 employees. We currently work with over 100 financial institutions in 26 countries, helping them service a portfolio of over $100M.
Presenter(s): David Hamilton (President), Eugene Danilkis (CEO & Co-Founder)
- Key Executives
David Hamilton (President), Eugene Danilkis (CEO & Co-Founder) & Frederick Pfisterer (CTO & Co-Founder)
Key Stats
- Key Board Members
Eugene Danilkis (CEO & Co-Founder, Mambu), Frederick Pfisterer (CTO & Co-Founder, Mambu), Andre Bliznyuk (Runa Capital), Pawel Chudzinski (Point Nine Capital) & Matthias Hornberger (Kizoo Technology Ventures)
- Key Investors
Runa Capital, Point Nine Capital, Kizoo Technology Ventures
- Key Customers
Our clients range from small microfinance organizations to large retail banks and other financial innovators. Mambu’s 100+ customer base includes SEAP Microfinance, the third largest microfinance institution in Nigeria; FINCA Costa Rica, a microfinance network; and Lenddo in the Philippines, Colombia, and Mexico, the world’s first online platform that uses individuals’ social connections to build their creditworthiness and access local financial services.