SMB lender Kapitus taps Mambu for its cloud banking platform
Kapitus, a fintech providing financing to small and medium-sized businesses (SMBs), has selected Mambu’s cloud banking platform as its technology foundation.
Kapitus partners Mambu
The firm will leverage Mambu’s low-code lending engine to “achieve a faster time-to-market” as it looks to release new financing solutions for SMBs.
“Our aim is to save small businesses time and money, while eliminating stress from the financing experience,” says Andrew Reiser, CEO at Kapitus. “We chose Mambu because its user interface makes it easy for someone with little to no coding experience to create financial products.”
The lender adds that Mambu’s cloud tech will enable it to service and manage “a growing number of client contracts”.
Headquartered in New York, Kapitus was established in 2006 to offer businesses products such as term loans, sales-based financing, SBA loans, equipment leases and revolving lines of credit, either directly or via partners.
It claims to have provided over $4 billion in growth capital to more than 50,000 small businesses since launch.
Kapitus joins Mambu’s growing list of recent clients, which include new African bank Carbon Finance, Lithuania’s OKEO, African neobank 4G Capital, Portuguese financial services firm Universo and Lebanese fintech Purpl, among others.
