Neobank 4G Capital Goes Live on Mambu’s Cloud Banking Platform

Kenyan neobank 4G Capital has teamed up with German SaaS provider Mambu to expand the former’s customer base across Africa.

4G Capital offers unsecured business loans, as well as access to digital solutions and corporate training. By bringing Mambu’s cloud banking platform online, the neobank plans to expand its digital presence to meet the business needs of its customers. In March 2022, 4G Capital raised $18.5 million in Series C funding from private equity firm Lightrock.

In line with 4G Capital’s brand compatibility requirements, Germany-based Mambu will help the former launch a range of new products and services for micro and small businesses. These products will first scale in existing markets in Kenya and Uganda before entering new emerging markets.

4G Capital was founded in 2013 and has since issued over 1.75 million loans. The entity decided to move to a cloud-native banking platform in order to streamline its growth. According to company representatives quoted by innovation-village.com, Mambu’s platform is compatible with 4G Capital’s digital architecture and business processes.

Speaking of compatibility, 4G Capital chose to partner with Mambu given their shared values ​​and socially responsible goals. One of their common missions is to bridge the funding gap for micro and small businesses around the world.

Mambu was founded in 2011, has 77 million daily users and works with over 230 banks and financial institutions.

Mambu’s Partnership Efforts in 2022

In May 2022, alternative finance provider for small and medium SMEs ThinCats joined Mambu’s cloud banking platform to scale and expand its SME lending offering. This partnership enables ThinCats to leverage Mambu’s flexible and composable cloud platform to support the growth of midsize businesses.

Soon after, Mambu partnered with PaaS provider Brim Financial to offer enhanced digital banking, deposit, lending and card platforms in Canada and the United States.

In June 2022, Western Union integrated Mambu into its European digital banking platform. Through this partnership, Mambu aims to help Western Union create a new banking experience while improving its relationship with its customers.

In July 2022, Mambu entered into a strategic partnership with global card issuer Visa to leverage Visa DPS. This partnership enables institutions to create unique customer payment card experiences on Mambu, whether for deposit accounts or loans.

For more information about Mambu, please see the company profile in the Paypers Business Database.