Right this moment on the Money20/20 convention, Kapitus, a number one supplier of financing to small and medium-sized companies (SMBs), introduced it has chosen Mambu’s cloud banking platform as its know-how basis.
Because it launched in 2006, Kapitus has empowered over 50,000 small companies with greater than $4 billion in funding. With Mambu as its core banking system, Kapitus can service and handle a rising variety of shopper contracts, whereas releasing new financing options for SMBs.
“Our intention is to save lots of small companies money and time, whereas eliminating stress from the financing expertise. As know-how evolves, so do the alternatives to raised serve this group. With Mambu as our cloud banking platform, we’re poised to react in real-time to our clients’ evolving wants,” mentioned Andrew Reiser, CEO, Kapitus. “We selected Mambu as a result of its person interface makes it simple for somebody with little to no coding expertise to create monetary merchandise. Collectively, we stay up for constructing a handy, differentiated financing expertise for our clients.”
“Small companies are a various group, and Kapitus has a well-earned status for delivering monetary providers that cater to their distinctive wants,” mentioned Robin Smith, VP of North America, Mambu. “With Mambu, Kapitus can increase on its mission to help much more enterprise house owners as they launch or develop their enterprise. Our platform is composable, and operates from a low- to no-code atmosphere, which signifies that virtually anybody, even these with a strict finance background can design and ship monetary merchandise. The long run is shiny as we strengthen our partnership and assist Kapitus because it expands its product providing.”