Mambu Archives - Page 9 of 10

Finovate Alums Populate the FinTech50

By David Penn Posted on January 30, 2015
Categories: Algomi, BehavioSec, Blockchain, Currency Cloud, Darwinex, eToro, ETRONIKA, Fidor Bank, Five Degrees, Holvi, InvoiceSharing, Ixaris, Klarna, Kreditech, Mambu, mBank & Efigence, Nutmeg, Tink, TransferWise, Trunomi, Trustly, Zooz

Looking for the most innovative startups in fintech? The FinTech50 is a great place to start.

It also turns out to be a great place to find Finovate alums. Of the 50 companies recognized by FinTechCity’s panels of judges as being “game-changers transforming the future of finance,” nearly half are alumni of Finovate conferences – including our upcoming event in London.

Here is the list of alums in alphabetical order:

Algomi
BehavioSec
BlockChain
Currency Cloud
Darwinex
eToro
ETRONIKA
Fidor Group
Five Degrees
Holvi
InvoiceSharing
Ixaris
Klarna
Kreditech
Mambu
mBank with efigence
Nutmeg
Tink
TransferWise
Trunomi
Trustly
Zooz

According to Chris Skinner, who was one of the panelists, more than 700 companies competed for spots in the FinTech50. The selection panel included veterans of finance and technology from companies ranging from American Express and Google to Silicon Valley Bank and UBS. The FinTech50 winners were announced at an invitation-only event in London.

Speaking of London, Five Degrees, InvoiceSharing, Ixaris, mBank, and Trunomi will be in town next month, demonstrating their latest solutions at FinovateEurope 2015, February 10 and 11. More information on the event available here.

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Finovate Alums Among SWIFT Innotribe’s Startup Challenge Finalists

By David Penn Posted on September 5, 2014
Categories: Advanced Merchant Payments, CurrencyTransfer, Fastacash, LendingRobot, Mambu, Wallaby Financial

With more than 280 companies applying, and 47 companies selected to compete, the Innotribe Startup Challenge is down to the top 15 companies that will move on to the Grand Finale. And six of the companies to advance are Finovate alums.

The Innotribe Startup Challenge is part of Sibos, the conference held by SWIFT each year. The goal of the Challenge is to help what the contest categorizes as “startups” and “innovators” get access and exposure to the broader fintech community. Events are held in London, Singapore, and New York during which competing companies pitch their innovations to industry experts and fintech investors.

The Grand Finale will be held on October 1 at Sibos. The winning companies – one “early stage startup” and one “growth-stage innovator” – will receive a prize of $50,000 USD.

The six Finovate alums among the finalists are below.

Advanced Merchant Payments

“Innovator”

Founded: 2009

HQ: Hong Kong, China

FinovateEurope 2014

CurrencyTransfer

“Startup”

Founded: 2013

HQ: London, UK

FinovateEurope 2014

fastacash

“Innovator”

Founded: 2012

HQ: Singapore

FinovateEurope 2014

LendingRobot

“Startup”

Founded: 2012

HQ: Seattle, WA

FinovateSpring 2014

Mambu

“Innovator”

Founded: 2011

HQ: Berlin, Germany

FinovateAsia 2013

Wallaby Financial

“Innovator”

Founded: 2011

HQ: Pasadena, CA

FinovateSpring 2013

Said Fabian Vendenreydt, Head of Markets Management, Innotribe and the SWIFT Institute at SWIFT said “Since it started in 2011, the Innotribe Startup Challenge has provided a huge opportunity to our community to understand and support this innovation.”

For more information about the Innotribe’s Startup Challenge, visit their page here.

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Alumni News– July 18, 2014

By David Penn Posted on July 18, 2014
Categories: Advanced Merchant Payments, Check, CurrencyTransfer, Fastacash, LendingRobot, Mambu, PaySimple, Wallaby Financial

Innotribe finalists include early stage companies CurrencyTransfer and LendingRobot.

Innotribe finalists include growth stage companies Advanced Merchant Payments, Fastacash, Mambu, and Wallaby.

Pymnts talks with PaySimple CEO and founder Eric Remer to discuss how PaySimple looks at B2B payments.

Check announces major expansion of photo bill pay beta.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– July 1, 2014

By Julie Muhn (@julieschicktanz) Posted on July 1, 2014
Categories: Doxo, Insuritas, Mambu

Puget Sound Business Journal profiles Doxo co-founder and CEO, Steve Shivers.

Techcrunch column on the “un-banking of America” highlights a dozen Finovate alums.

Mentors International deploying Mambu’s cloud banking platform.

Finovate alums raise more than $600 million for second quarter in a row.

People’s Trust Federal Credit Union teams up with Insuritas to provide insurance solutions for its 26,000 members.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– May 29, 2014

By Julie Muhn (@julieschicktanz) Posted on May 29, 2014
Categories: Actiance, App Annie, Credit Sesame, DemystData, Mambu, SumUp, Tradeshift

China Loves Mambu: Microfinance Network Picks Cloud Banking Platform for SME Lending.

App Annie Acquires Distimo; raises $17 Million from Current Investors.

SumUp launches its own chip and PIN reader, PIN+, in Poland and Switzerland.

Credit Sesame launches mortgage rate marketplace.

DemystData brings in $5 Million for its Big Data API for financial institutions.

NHS Shared Business Services selects Tradeshift platform to enhance supply chain.

Actiance announces general availability of Alcatraz, a cloud-based, Context-Aware archive for email, social, and other communications.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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China Loves Mambu: Microfinance Network Picks Cloud Banking Platform for SME Lending

By Julie Muhn (@julieschicktanz) Posted on May 28, 2014
Categories: Mambu

Global microfinance network Opportunity International (OI) has selected Mambu as its core banking platform for small business lending in China.

According to OI CIO Robert Westcott, the fact that Mambu would help them launch more products and services to more clients faster and more efficiently was a key selling point. OI China is particularly interested in reaching markets in rural areas of the country and, as both cloud-native and mobile-friendly, Mambu’s technology was viewed as the “perfect solution.”

Mambu, in the words of company CEO Eugene Danilkis, is a “cloud, SaaS, core banking application” that enables a variety of types of financial organizations to launch and service loan and deposit products. With an emphasis on speed, scalability, and simplicity, Mambu is designed to respond to what Eugene says is the “nearly two-thirds” of SMEs – and micro businesses – that are not well-served by “inflexible” legacy banking systems.

Opportunity International provides SME loans ranging from $20,000 to $1 million USD. The non-profit organization employs more than 17,000, and provides financial services and training to more than 5 million clients in 22 countries.

Mambu currently works with more than 100 institutions in 30 countries around the world, representing more than one million accounts. The company was recently in the headlines with news that the micro finance program at Yale University had adopted its platform. Mambu demoed its technology at FinovateAsia 2013 in Singapore.

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Finovate Alumni News– May 13, 2014

By Julie Muhn (@julieschicktanz) Posted on May 13, 2014
Categories: Banno, FIS, InComm, Insuritas, Mambu, ProfitStars, ShopKeep POS, TIO Networks, TSYS, Yseop

Yseop expands to New York http://bit.ly/QEtHWx

InComm partners with Softgate Systems to enable consumers to make cash bill payments in-store for 12k billers.

TIO Networks partners with PSE&G to enable customer payments at 2,000+ retail locations.

TSYS chooses ShopKeep to offer POS technology in the cloud.

FIS introduces Early Risk Manager, a turnkey, cloud-based risk and compliance solution for FIs.

Back to Banno: ProfitStars rebrands Andiamo mobile payments solution; now called Banno Mobile.

Mambu wins core banking contracts with financial organizations in Nigeria, Angola, and Kenya.

United Community CU partners with Insuritas to create a virtual “Insurance Aisle” inside the credit union.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– March 28, 2014

By David Penn Posted on March 28, 2014
Categories: BBVA, BehavioSec, eToro, Kantox, Klarna, Mambu, MasterCard, Nostrum Group

Mambu wins Cloud Computing Innovation of the Year awards at 2014 FStech Awards.

eToro launches new version of OpenBook.

Nostrum Group ranked 9th in GP Bullhound’s Northern Tech 50.

Global Payments to offer MasterCard’s MasterPass digital payments solution.

New partnership means V&D customers will be able to pay via Klarna.

Innotribe interviews Kantox’s CEO, Philippe Gelis.

The Financial News features BehavioSec.

BBVA and Google sponsor developer competition for SME business apps geared toward Spanish, Latin American markets.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Yale Microfinance Program to Deploy Mambu Platform

By David Penn Posted on March 14, 2014
Categories: Mambu

You know what kids love these days? Microfinance.

At least that’s true of the kids at Yale University’s student-run micro finance program, the Elmseed Enterprise Fund. The fund supports local entrepreneurs with advice and micro loans. In 2013, the program provided consulting for 38 clients and provided more than $13,000 in loans to five.

The student volunteers at Elmseed also love a good deal when they see one. And when they went looking for a better way to handle their customer data., the solution they found was Mambu.

Fund CEO Jadon Montero said, “Mambu’s platform will help us manage our client information better, which means our volunteer advisors can spend more time helping clients and less time worrying about the paperwork.”

The Elmseed Enterprise Fund was founded in 2001 with an award of $10,000 from a contest held by the Yale Entrepreneurial Society. As part of the arrangement with Mambu, the Fund will deploy the company’s Software-as-a-Service platform and receive a service credit of $100,000.

CEO and co-founder of Mambu, Eugene Danilkis said, “Programs such as Elmseed Enterprise give the next generation of micro finance professionals the opportunity to develop their skills and give something back to their local community at the same time.”

Working with micro finance organizations is nothing new for Mambu. The company recently announced a partnership with Mexican micro-lender Kueski, following up on a September deployment with another micro lender from the area, CrediPeso. Mambu is a member of the SEEP Network, a global network of more than 100 international practitioner organizations focused on alleviating poverty through financial inclusion.

Mambu demoes its native, cloud-based, SaaS banking application at FinovateAsia last November. See the technology at work here.

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Finovate Alumni News– March 14, 2014

By Julie Muhn (@julieschicktanz) Posted on March 14, 2014
Categories: Arxan Technologies, Dynamics, Guide Financial, Klarna, Mambu, Mitek, On Deck Capital, Realty Mogul

Arxan Technologies wins in the Products and Services Excellence category of the Infosecurity Global Excellence Awards.

OnDeck’s CEO Noah Breslow appears on CNBC Squawk Box.

Mitek opens mobile imaging platform to developers.

Klarna raises £90 million to finance acquisition of Sofort.

Collision features Realty Mogul in its selection of “10 Top Startups with Powerful New Ideas.”

OnDeck tops $1 billion in small business loans.

CBS News features Dynamics‘ Hidden card, interviews CEO Jeff Mullen.

Yale microfinance program to deploy Mambu platform.

FPPad Bits and Bytes <a features Guide Financial in its latest video review.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Alumni News– February 6, 2014

By David Penn Posted on February 6, 2014
Categories: Billeo, FIS, Mambu, PayNearMe

FIS announces multi-year business process outsourcing agreement with wealth manager Diversified Trust.

Mexican micro-lender Kueski chooses Mambu’s cloud banking platform.

Billeo launches social e-commerce solution for Facebook fan pages and Twitter.

PayNearMeleverages Family Dollar partnership; raises $20 million.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Mambu Takes a Cloud-First Approach to Running End-to-End Operations for Banks

By David Penn Posted on November 13, 2013
Categories: FinovateAsia 2013, Mambu

This post is part of our live coverage of FinovateAsia 2013.

Our next presenter is Mambu:

“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.”

Presenting David Hamilton (President) and Eugene Danilkis (CEO & Co-Founder)

Product Launch: May 2011

Metrics: Since 2011, we’ve raised nearly $3M in venture funding. We have offices in Berlin, Iasi, London, Geneva and will be establishing offices in Manila and San Jose (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.

Product distribution strategy: Direct to Business (B2B)

HQ: Berlin, Germany

Founded: December 2011

Website: mambu.com

Twitter: @mambu_com

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