Powering innovative financial services for businesses and individuals across Europe
Mambu enabled Nordiska, a Swedish credit institution and embedded finance platform founded in 2014, to expand across DACH while keeping its operations lean.
- 0
- month implementation
- +0K
- companies and consumers
nordiska
About the customer
Founded in 2014, Nordiska is a licensed Swedish financial institution offering innovative financial products to both companies and consumers. Their platform, Nordiska Embedded, provides built-in financial services, including savings, loans, and payment solutions, either under their own brand or through partners. They also offer corporate and real estate financing, as well as sustainable savings with a government deposit guarantee.
In December 2024, Nordiska secured a banking license in just four months, one of Sweden’s fastest approvals.
The challenge
Rebuilding a scalable, modern bank
In 2014, after a change in ownership, Nordiska set out to expand beyond traditional lending and support companies needing both financing and infrastructure. However, their legacy system relied on two separate, unconnected platforms for assets and loans, making operations slow, manual, and costly to maintain.
To scale efficiently, Nordiska needed a cloud-native core banking system to eliminate infrastructure constraints, an API-driven architecture for seamless fintech and partner integrations, and faster product development to reduce launch times from years to weeks.
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