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WASHINGTON, January 23, 2014 /PRNewswire/ --
Mambu, the microfinance and banking technology provider has joined the SEEP Network, the global network of international practitioner organizations dedicated to combating poverty through promoting inclusive markets and financial systems.
SEEP is the largest and most diverse network of its kind, comprising international development organizations and global, regional, and country-level practitioner networks that promote market development and financial inclusion. Members are active in 170 countries and support nearly 90 million entrepreneurs and their families.
"We are at a transformative point in the evolution of the microfinance sector, as world leaders embrace the mandate of global financial inclusion, and technological innovations present immeasurable opportunities to make it a reality," said Sharon D'Onofrio, executive director of The SEEP Network.
"Mambu shares our vision to enable the world's unbanked individuals and emerging enterprises to pursue economic opportunities through access to financial services, and we believe they will add significant business value and technology expertise to our global community. We are delighted to welcome Mambu as a member of the SEEP Network."
Douglas Pond, executive vice president of Mambu, added, "For nearly three decades, the SEEP Network has been providing valuable services to the microfinance community through its member organizations. Working in collaboration with SEEP, we look forward to sharing best practices from our more than 100 microfinance customers working in nearly 30 countries to accelerate the financial inclusion agenda.
"As a member of SEEP, Mambu will broaden its understanding of the challenges faced by the microfinance community ensuring we can continue to deliver innovative technologies that meet the needs of SEEP members."
The SEEP Network is a global network of 123 international practitioner organizations dedicated to combating poverty through promoting inclusive markets and financial systems. SEEP represents the largest and most diverse network of its kind, comprised of international development organizations and global, regional, and country-level practitioner networks that promote market development and financial inclusion. Members are active in 170 countries and support nearly 90 million entrepreneurs and their families.
Mambu enables any financial institution to deliver state-of-the-art banking through its software-as-a-service cloud solution. Agile, flexible and open, Mambu eliminates the complexities typically associated with core banking software, at a fraction of the cost. Mambu makes it simple and cost-effective to provide essential banking services such as loans and deposits. Established in 2011, the Berlin-based company works with more than 100 institutions in 28 countries worldwide, servicing a portfolio of more than $100M. Our clients range from small microfinance organizations to large retail banks and other financial innovators that are seeking to address the financial needs of the world's 2.5 billion individuals and 250 million micro, small and medium enterprises in need of loan, savings and insurance services. For more information, please visit http://www.mambu.com.
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