Lender leverages cloud technology to push market expansion
BERLIN - November 29, 2018: Mambu, the leading SaaS banking engine today announced it is powering Lendico Switzerland AG, helping the Swiss marketplace lender bring its digital alternative to traditional small and medium-sized enterprise (SME) financing to the Swiss market.
Lendico Switzerland AG, a company of PostFinance, provides new investment opportunities to private and institutional investors. Since its launch in 2016, the lender has quickly established itself as one of the market leaders in Swiss SME financing.
“In Switzerland, the demand from SMEs for loan products, end-to-end digital customer experiences as well as rapid decisioning and disbursement is going unmet,” said Myriam Reinle, CEO of Lendico Switzerland. “We wanted to both address the market demands and grow our business geographically through a fully-automated, lean and flexible business model. We chose a cloud-native approach to achieve this goal instead of building a new technology stack or replicating what existed in other operations.”
“In Mambu we found a partner that not only provided business agility but seamlessly integrated with our current systems. The API-driven solution puts us in full control of our technology, enabling us to change, develop and introduce new products quickly, with the luxury of knowing we can scale operations without significant investment in time or resources. This frees us up to focus our attention on designing, building and evolving elements of our technical stack that truly differentiate us from our competitors,” added Reinle.
According to Eugene Danilkis, CEO of Mambu, the partnership with Lendico Switzerland illustrates the dynamic results achieved when modern business ideas and technology meet to deliver a differentiated experience. “Lendico’s dynamic business model, credit scoring and engagement channels have helped them carve out a niche in a crowded market. We are working closely with them to maximise the reach of their proposition and fulfil their expansion aspirations over the next five years.”