bob Finance is a branch of Valora Schweiz AG, the leading provider of Foodvenience in Switzerland. They provide simple and secure digital financing solutions for both individual and business customers. The fintech originally leveraged Mambu to launch its ‘buy now, pay later’ offering for retailers called ‘bob Zero’ in 2020. As bob Finance further establishes itself in the lending market, it needed a platform hosted in Switzerland that meets internal and external partner standards.

Hilmar Scheel, CEO at bob Finance: “We teamed up with Mambu two years ago because we were looking for a flexible, cloud-native platform with core product capabilities that would support our mission to become a reliable and versatile partner for financial services. Since then, we’ve reduced maintenance effort and information security risks through an up-to-date platform and technology stack compared to one that is individually hosted.”

As bob Finance assessed the consumer finance market, it saw the need to deepen its technical integration with enterprise partners to provide fast and easy onboarding journeys and increase efficiency. This required a platform hosted in Switzerland to comply with data residency requirements, which kicked off the current migration project. With its offerings on Mambu’s platform, bob Finance is poised to continue building products and developing new opportunities in the region, while achieving its end goal of simplifying consumer finance for Swiss customers.

Zac Maufe, Managing Director, Financial Services Industry Solutions at Google Cloud: “By partnering with Mambu as a part of its business digital transformation goals, financial services institutions like bob Finance can benefit from in-country, technology-enabled approaches to banking at cloud scale.”

Scott Wilson, Regional VP EMEA at Mambu: “bob Finance is developing innovative, customer-first lending experiences for the Swiss market. Building on the success of our original partnership, they saw the opportunity to both migrate its offerings onto Mambu and a locally-based cloud. The versatility and power of the Mambu platform combined with our multi-cloud approach meant bob Finance could change cloud providers easily and with zero down time, all in a matter of six months. We’re looking forward to supporting the digital lender as it leverages our cloud-native banking platform to build scalable lending experiences in the region."