At the Money20/20 conference, Kapitus, a leading provider of financing to small and Medium-Sized Businesses (SMBs), announced it has selected Mambu’s cloud banking platform as its technology foundation.
Kapitus will leverage Mambu’s low-code, composable lending engine to achieve a faster time-to-market as it evolves the commercial lending space.
Since it launched in 2006, Kapitus has empowered over 50,000 small businesses with more than US$4 billion in funding. With Mambu as its core banking system, Kapitus can service and manage a growing number of client contracts, while releasing new financing solutions for SMBs.
“Our aim is to save small businesses time and money, while eliminating stress from the financing experience. As technology evolves, so do the opportunities to better serve this group. With Mambu as our cloud banking platform, we are poised to react in real-time to our customers’ evolving needs,” said Andrew Reiser, CEO, Kapitus. “We chose Mambu because its user interface makes it easy for someone with little to no coding experience to create financial products. Together, we look forward to building a convenient, differentiated financing experience for our customers.”
“Small businesses are a diverse group and Kapitus has a well-earned reputation for delivering financial services that cater to their unique needs,” said Robin Smith, VP of North America, Mambu. “With Mambu, Kapitus can expand on its mission to support even more business owners as they launch or grow their business.
“Our platform is composable and operates from a low- to no-code environment, which means that almost anyone, even those with a strict finance background can design and deliver financial products. The future is bright as we strengthen our partnership and help Kapitus as it expands its product offering.”