Bringing working capital to businesses
BridgeFund goes live with deposits in just six months and will soon do the same with lending, scaling in the Dutch market and beyond with reliability and ease.
- loans to entrepreneurs
- months to go live
BRIDGEFUND
About the customer
BridgeFund is a challenger SME lender based in Amsterdam. It provides an alternative financing platform that enables entrepreneurs to deposit money and in exchange earn interest, which entrepreneurs can then borrow to invest, without the intervention of a bank.
They are on a mission to bridge the financial needs of entrepreneurs and have already distributed more than €300 million across over 6,500 loans.
The challenge
Growth ambitions vs legacy infrastructure
Securing funds is not always easy for small-to-medium-sized enterprises (SMEs). To fulfil their mission of bridging the SME lending gap, BridgeFund needed a robust platform that allowed for scaling with volume of their current products, while supporting new offerings and geographies.
Previously running on an in-house-built core banking system, BridgeFund chose Mambu as its cloud banking platform to free up resources and focus on innovation rather than maintaining legacy infrastructure.
“Our in-house system wasn’t built with large scale expansion in mind, so we had to look at alternatives - this is when we found Mambu. Mambu’s quick time-to-market meant we were online with deposits in just six months and are currently working on doing the same with lending.”
- Jeroen Groenewegen, CTO at BridgeFund
The solution
SME lending, done better
Together with Mambu, BridgeFund can expand its account volumes and product offerings with reliability and ease, while scaling in the Dutch market and facilitating expansion into new markets.
Mambu’s quick time-to-market meant they were online with deposits in just six months and are currently working on doing the same with lending.
Helping BridgeFund reinvent SME lending
From a legacy infrastructure to a flexible and agile platform, powered by Mambu, built for scale and growth.
