Next Capital Goes Live With Lending Products on Mambu’s Platform in 4 Monthsby Fintech News Singapore May 29, 2023
Thailand’s technology-driven auto leasing company Next Capital partnered with cloud banking platform Mambu to launch a new suite of lending products in just four months.
Next Capital went live on Mambu’s cloud banking and lending platform without the need to bring in a third-party system integrator.
Mambu’s platform provides the Loan Management System while the Loan Origination Application and entire system design and integration efforts are handled by Next Capital’s in-house technology team.
Leveraging Mambu’s API-first platform will also enable Next Capital to connect with other technology vendors to offer new products and services.
Mambu has a growing in-country presence in Thailand and has recently appointed Country Manager for Thailand, Woratep Yunyongkul, as well as Regional Partner Manager for Thailand, Wiwat Masuchun.
Punnamas Vichitkulwongsa, CEO of Next Capital said,
“At Next Capital, our mission is to become the trusted financial services partner for the underbanked. Innovations and technology are the key part to enabling our core strategy to create products and services that best meet our customer needs and create sustainable meaningful competitive advantages.
As we look to expand our services beyond vehicle hire purchase loans for individuals and SMEs to become a digitally enabled, full-service lender, it is imperative that our technology foundation is flexible and scalable so we can respond accordingly as our business evolves.”
David Brady, Sales Director SEA at Mambu said,
“It has been incredibly rewarding for Mambu to work with Next Capital on this project, with our two companies sharing a passion for leveraging next-gen technology to create more accessible financial solutions for Thai consumers.
Launching the new service within four months of kick-off is a clear indicator of our successful and synergistic relationship, and we are very proud of the outcome of this partnership.”