Cloud banking platform Mambu recently announced partnerships in Spain and Thailand as it continues to expand its global footprint.
In early February, the company announced a deal with Good Money by GSB, a subsidiary of the Government Savings Bank of Thailand. Together, they aim to provide accessible loans for underserved Thai citizens. During its pilot launch, the app had already processed 100,000 loans, while supporting the acquisition of over 10,000 clients and the management of 200 million Thai baht, or nearly $6 million.
Later in February, Mambu partnered with Spanish bank Ibercaja to launch a dedicated consumer finance entity in early 2025. The phased rollout will commence with Ibercaja Technology Solutions, a newly launched division focused on consumer finance and payment innovation. This initiative will modernize the bank’s legacy stack and evolve their portfolio to fully service the consumer lending line of business in the long run.
