Lending platform kennek partners Mambu for B2B ‘lender-in-a-box’ solution

Lending and credit infrastructure platform kennek is to launch a new ‘lender-in-a-box’ offering that will be powered by cloud banking platform Mambu.

kennek partners Mambu

Kennek’s Software-as-a-Service (SaaS) platform bundles credit scoring, open banking and data extraction vendors into one integrated system.

Its new ‘plug-and-play’ credit infrastructure is targeted at alternative lenders and credit investors. The firm says it will enable users to streamline their middle and back-office functions and provide access to risk management tools.

Thibault Lancksweert, founder and co-CEO at kennek, says: “The financial market offers plenty of niche tech and data solutions for financial institutions and lenders. But selecting and integrating them requires both a holistic vision and a strong engineering team – which is costly and time consuming.”

Mambu general manager for UK and Ireland Richard Morgans adds the partnership with kennek marks an “important milestone” for the UK’s SaaS lending market.

Using Mambu’s cloud platform, kennek says it can offer a flexible product to customers, allowing them to configure and add different types of loans and credit to suit their needs.

The UK-based start-up intends to expand into continental Europe, which it says is currently a €6 billion market that is doubling in size every year. The company also has its eye on expansion into the Americas.