Universo, a leading Portuguese financial services brand, has selected Mambu, the SaaS cloud banking platform, to bring more accessible and modern financial services to the market. Mambu’s composable approach enables Universo to innovate fast and deploy quickly, strengthening its position as a leader in financial services in Portugal.
Universo is Sonae Group’s financial services business line which aims to transform the way families and small businesses manage finances, through simple and innovative financial solutions. Mambu will help Universo iterate products faster and expand its digital offering further. The brand already developed and launched revolving loans for credit cards and fixed-term loans for its one million customers.
“Mambu helps financial institutions launch any type of products and services quickly and cost-effectively,” said Andy Cash, Regional Vice President of Mambu EMEA. “As part of our growing number of customers, Universo aims at better serving consumers by adding meaningful financial products to their portfolio. With Mambu, Universo is able to offer a hyper-personalised end-to-end financial experience, helping customers manage their money better. Both teams collaborated closely and have developed a secure and seamless product. Now that we’ve built the fundamentals and must-haves, we will continue scaling our solutions for credit cards.”
