SaaS banking platform Mambu expands reach to Singapore

It sets up its first office in APAC region.

Leveraging on Singapore's booming fintech sector, software as a service banking platform Mambu expands its presence to the city-state, further cementing its foot in the Asia-Pacific region.

Mambu's APAC clients are spread across China and South East Asia as well as Australia and New Zealand, accounting for nearly a third of the company’s total business to date.

Mambu CEO Eugene Danilkis said the group's new office will allow Mambu to improve its service coverage and support for its rapidly growing customer base in the region which include lending, telco and other and financial institutions.

"We chose Singapore as the location for our APAC office as the region is seeing tremendous growth in fintech, banking innovation and MSME financing,” he said. Mambu appointed Chan Chiou Hao to head the regional office.