Colombia’s first neobank for SMEs

Financiera Dann Regional deployed IRIS, its first commercial neo-bank spinoff, in an unprecedented timeframe for the traditional banking sector using Mambu’s SaaS digital platform.

IRIS, powered by FDR, broke further ground as Colombia’s first purely digital banking for SMEs. It is transparent, secure, and tailored to offer financial services to a historically underserved sector: Colombia’s small and medium-sized businesses.

Its corporate customers can now open online savings accounts from anywhere in the country. They can also transfer funds between IRIS and other bank accounts, make vendor and payroll payments, schedule automatic transactions, and receive digital statements. Mambu is helping IRIS finalize additional capabilities to provide its clients a full stack financial product suite.

“We are very pleased to keep working with Mambu. It has helped us deploy Colombia’s first digital bank for SMEs. We are reaching out to the country’s traditionally underserved sector with solutions that are not only easy, but also scalable and effective, allowing us to provide a wide array of value-added services to our clients”, said Lorenzo Garavito, CEO at IRIS & Financiera Dann.

Mambu allows Financiera Dann Regional to expeditiously scale its growth and enables agile SME product design and launches. As the global leader in digitalization, Mambu is committed to providing the most innovative cloud services that always meet and exceed its clients’ and their customers’ expectations.