Dutch lender BridgeFund taps Mambu for core banking upgrade
Amsterdam-based BridgeFund has selected Mambu’s cloud banking platform to scale its SME lending proposition “in the Dutch market and beyond”.
BridgeFund taps Mambu cloud banking platform
The platform is set to replace the start-up’s in-house-built core banking system which, according to BridgeFund CTO Jeroen Groenewegen, “wasn’t built with large-scale expansion in mind”.
Mambu says the start-up, which facilitates peer-to-peer financing between merchants, will leverage the partnership to “expand its account volumes and product offerings”, while also “facilitating expansion into new markets”.
Founded in 2018, the lender claims to have issued more than 6,500 loans worth over €300 million.
In a statement, Groenewegen notes that Mambu’s “quick time-to-market meant we were online with deposits in just six months and are currently working on doing the same with lending”.
Mambu’s platform has seen high demand recently, with Canada-based Brunswick Credit Union announcing last month that it would transition to Mambu’s cloud banking solution in preparation for the end of life of its legacy core system.
