Spanish neobank, Plazo, has closed a strategic partnership with Mambu, a leading cloud banking technology platform.
This alliance allows Plazo to accelerate the development of cutting-edge lending solutions, with access to over 30,000 new product combinations and fuel its expansion to further consolidate as the go-to financial wellness app covering people’s daily purchase, saving and lending needs.
Customers will be able to access the new lending products through Plazo Credit S.L.U., a collaborating company created to provide credit once the integration with Mambu is completed.
Mambu’s composable approach offers the Spanish neobank seamless integration with best-of-breed solutions through instant access to a digital ecosystem of interconnected services. The partnership opens up a broad range of new product development configurations that will significantly improve Plazo’s capacity to expand its offering.
“The partnership with Mambu will be key to complete the current offering of Plazo thus further consolidating it as the integral financial wellness app that will allow customers to gain full control over their personal finances,” said Alessandro Ceschel, CEO of Plazo. “Leveraging Mambu’s disruptive technology and ecosystem, we will now be able to speed up the development of flexible lending solutions, thus offering customers a full-range service combination of transactional, saving and credit solutions.”
