Expanding innovative lending
Spanish neobank Plazo has closed a strategic partnership with Mambu, an alliance that will allow Plazo to accelerate the development of cutting-edge lending solutions, with access to over 30,000 new product combinations and fuel its expansion.
Plazo
About the customer
Plazo customers will be able to access the new lending products through Plazo Credit S.L.U., a collaborating company created to provide credit once the integration with Mambu is completed.
Mambu’s composable approach offers the Spanish neobank seamless integration with best-of-breed solutions through instant access to a digital ecosystem of interconnected services. The partnership opens up a broad range of new product development configurations that will significantly improve Plazo’s capacity to expand its offering.
“The partnership with Mambu will be key to complete the current offering of Plazo thus further consolidating it as the integral financial wellness app that will allow customers to gain full control over their personal finances. Leveraging Mambu’s disruptive technology and ecosystem, we will now be able to speed up the development of flexible lending solutions, thus offering customers a full-range service combination of transactional, saving and credit solutions.”
- Plazo, CEO
After its successful launch in 2021, Plazo aims to further consolidate as one of the leading financial wellness apps in Spain. So far, Plazo has issued over 100,000 Mastercard debit cards. Thanks to the agreement with Mambu, Plazo’s offering will soon include new credit-led products such as BNPL, fractional payments or salary advances.
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