Accelerating pan-African growth
Platcorp Group, a major impact funder in Africa, strategically adopted Mambu's cloud platform, enabling rapid greenfield launch and significant automation that saves 100,000 man-hours annually while fuelling growth across six markets.
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- African markets
- 0k+
- man hours saved yearly
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- million loans disbursed
Platcorp Group
About the customer
Founded in 2003, the Platcorp Group (Platcorp) is an impact finance investment management holding company that primarily invests in non-banking lending subsidiaries. With operational entities in Kenya, Uganda, Tanzania, South Africa, and Zambia, Platcorp employs over 10,000 people, including sales representatives, and maintains an active client database of more than 1 million clients.
With a strong focus on fintech solutions and a deliberate emphasis on sustainability, the Group provides a variety of impact finance products and related services, from business and MSME financing to tailored insurance offerings.
The challenge
Shedding legacy, expanding into new markets
By 2014, Platcorp's ambition to expand across Africa and improve financial access was hampered by inflexible legacy systems hindering efficient growth and automation. To address this, they launched Premier Credit in just 2 weeks on Mambu's agile cloud platform, demonstrating significant IT cost reduction and efficiency gains.
This success underscored the critical need to standardise all of the group's entities on Mambu's API-enabled platform to overcome legacy bottlenecks, manual processes, and scalability issues that restricted geographic expansion and seamless customer service.
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