News Column

Cloud Computing Firm Sets African Base

May 15, 2014

Anthony Langat



INTERNATIONAL cloud firm,Mambu, has expanded its presence in the continent by establishing a base in Kenya.

The country is among the first three destinations in Africa that the cloud banking technology firm has begun operations in.

The other two are Angola and Nigeria.

The cloud banking technology provider has one customer in each of the three countries.

All are new financial organizations extending access to financial services in underserved markets.

Premier Kenya Ltd currently offers individual loans and group lending, and plans to progress to small business lending.

The company went live on the Mambu platform in January 2014 and is already servicing more than 1 800 customers.

It is also planning to open operations in Uganda by mid 2014.

Tim Carson, Chief Executive of Premier Kenya Ltd said, "As a new financial services business, we needed technology that would be quick to deploy, easy to implement and scale with us as our business grows. Mambu provided the perfect solution and we were able to get up and running in less than two weeks, which has been a key factor in helping grow our business rapidly since launch."


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: AllAfrica


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters