Mambu's cloud-based SaaS delivery model has now been adopted by 100 microfinance organisations in 26 countries.

“In the past, the microfinance industry has struggled with lack of access to modern banking technology, which creates real business challenges in terms of managing growth, measuring impact and innovating service delivery,” says Eugene Danilkis, founder and CEO at Mambu. “Inadequate levels of technology support have also constrained the microfinance industry’s ability to scale to meet the demands of the market. As a result of these challenges, we are seeing increasing numbers of microfinance organisations turn to our easy to use and rapid to deploy technology platform.”

Founded two years ago, the company’s customer base includes SEAP Microfinance, the third largest microfinance institution in Nigeria; FINCA Costa Rica, a microfinance network providing financial services to low-income entrepreneurs; and Lenddo in the Philippines, Colombia and Mexico, an online platform that helps the emerging middle class use their social connections to build their creditworthiness and access local financial services.

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