SaaS banking platform provider Mambu hopes its latest initiative will provide another avenue for ambitious companies to get to market.
The FinTech Startup Program is designed for startups from Mambu partner accelerators and incubators. Because those companies are using Mambu technology, they can get products to market quickly and more cheaply than developing the technology on their own. Participating companies get discounted pricing from Mambu and additional support and services.
“The banking industry is being disrupted with innovative fintech startups who are digitally integrated, customer centric, simple and agile,” Mambu CEO Eugene Danilkis said. “Mambu wants to enable these digital disruptors to get to market quicker by utilizing our platform and building their vision on top of it.”
Cost savings without a sacrifice of quality are essential in today’s environment, Mr. Danilkis continued.
“With startups around the world competing with traditional financial institutions to try and win customer trust we hope our program will give these companies the additional boost they are looking for.”
Much of that boost comes from companies being able to deploy a greater share of their resources toward innovation and product development.
Mambu’s partners in the FinTech Startup Program include 500 Startups, Startubootcamp FinTech, Ynext Incubator by Envestnet/Yodlee, Techstars, and Citi Accelerator. More partners are expected to join in the coming months.