Rapid Finance and Mambu Integrate Loan Origination and Management Solutions

business loan

Rapid Finance and Mambu have partnered to provide a comprehensive Lending-as-a-Service (LaaS) offering.

With Mambu’s loan management system (LMS) integrated into Rapid Finance’s Decisioneer loan origination system (LOS), they now offer lenders a seamless transition from loan origination to servicing, the companies said in a Wednesday (May 10) press release.

“Mambu’s integration with the Decisioneer next-generation LOS platform enables a streamlined, digital experience for end-to-end lending to better meet the needs of our customers in the SMB [small and medium-sized business] market,” Mambu Head of Partnerships, North America Andy Gregory said in the release.

Rapid Finance’s Decisioneer LOS provides a fast and simple application process for borrowers and real-time insights to lenders, making the loan decisioning and underwriting process quicker and more efficient, according to the press release.

Mambu’s LMS supports lenders’ ongoing customer relationship initiatives, the release said.

With the new partnership, the integrated LaaS offering will be facilitated and managed completely through Decisioneer, per the release.

“Through its proven, cloud-based platform, Mambu has established itself as a leader in driving technology innovation and bringing a more modern approach to financial systems,” Rapid Finance CEO Will Tumulty said in the release. “That makes Mambu the perfect LMS integration partner for the Decisioneer LOS, which was built from the ground-up to provide lenders and their business banking customers with access to a scalable and flexible cloud-based platform and data to support smarter, faster lending.”

Mambu was valued at 4.9 billion euros in a December 2021 Series E funding round in which it raised 235 million euros.

The company said at the time that it would use the new capital to speed its expansion plans.

“Our vision in creating Mambu was always to create an industry-leading platform that will enable more than a billion people to have brilliant banking experiences,” Mambu Co-founder and CEO Eugene Danilkis said at the time. “We want to be able to empower our customers to create any financial product anywhere in the world and create amazing customer experiences.”

PYMNTS research has found that FinTechs are leveraging mobile technology to make credit more widely and easily available.

They are also empowering consumers to improve their credit profiles, according to “FinTechs’ Role in Improving Access to Lending Services,” the May edition of the “FinTech Tracker®,” a PYMNTS and Sezzle collaboration.

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