A type of product that allows for loan disbursement in tranches.
A type of product that allows multiple disbursements and repayments on the account, similar to an overdraft, except that it has a payment plan associated with it in which some amount of principal and interest may be paid.
A type of loan product which allows for a dynamic interest calculation, which allows enabling the "redraw" facility for it, ultimately allowing a borrower to borrow money they've already prepaid.
Implementing the lending engine at N26
N26 built for 500% growth
Europe's first mobile-only retail bank with over 500.000 customers, scaled operations to support 500% growth in their business.Banking, Mobile Payments, Neo-Bank
“Mambu is excited to be working with N26 as they are realising the true potential of mobile-first banking,” said Eugene Danilkis, co-founder and CEO of Mambu. “By putting customer experience at the centre of their strategy, they have created an app which gives their customers a truly simple banking experience. This is a great example of how retail banking can be redesigned in the 21st century,” he said.