Software-as-a-service (SaaS) banking platform Mambu and FinTech Brim Financial teamed up on a digital banking, deposit, lending and cards platform across the U.S. and Canada, according to a Wednesday (May 25) company press release.
Brim offers a modular platform-as-a-service (PaaS) technology and credit card infrastructure to connect Mambu’s cloud-native banking platform to offer digital-first banking solutions and embedded finance products.
“We are partnering with Mambu to redefine banking services in North America,” said Rasha Katabi, CEO and founder of Brim. “In today’s fast evolving landscape, FIs, FinTechs and non-FIs are looking for speed to market and real-time innovation.
Brim’s full suite of card capabilities for businesses and consumers, virtual cards and digital payments including Apple Pay, Google Pay and Samsung Pay, will be integrated with Mambu’s platform.
“This partnership further bridges the gaps in the current market, driving digital innovations and bringing significant benefits to our customers,” said Mambu’s Head of Partners, North America, Cyrus Taheri. “Our value proposition is centered in offering a complete platform that can be deployed at speed.”
Related: SaaS Startup Mambu Closes €235M Funding Deal at €4.9B Valuation
In December, Mambu raised more than $250 million in Series E funding round led by EQT Growth, bringing its valuation to $5.2 billion and making it one of the highest-valued B2B SaaS companies founded in Europe.
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