Mambu's composable approach enables Universo to innovate fast and deploy quickly, strengthening their position as a leader in financial services in Portugal.

Universo is Sonae Group's financial services business line which aims to transform the way families and small businesses manage finances, through simple and innovative financial solutions. Mambu will help Universo iterate products faster and expand their digital offering further. The brand already developed and launched revolving loans for credit cards and fixed term loans to its one million customers.

Andy Cash, Regional Vice President of Mambu EMEA, said: “Mambu helps financial institutions launch any type of products and services quickly and cost-effectively. As part of our growing number of customers, Universo aims at better serving consumers by adding meaningful financial products to their portfolio. With Mambu, Universo is able to offer a hyper personalised end-to-end financial experience, helping customers manage their money better. Both teams collaborated closely and have developed a secure and seamless product. Now that we've built the fundamentals and must-haves, we will continue scaling our solutions for credit cards.”

Carlos B. David, COO of Universo, commented: “Universo selected Mambu because of its flexible approach to building financial products. Customers’ needs are changing constantly, and they demand more financial solutions than ever before. Mambu's team have proven to us that the design of their product will enable us to combine exactly the systems we needed to architect a great solution.”

Mambu has 70 million end users and over 230 banks and financial institutions as customers. Its SaaS banking platform offers maximum flexibility and speed, enabling financial institutions, such as Universo, to rapidly configure and deploy new products, giving them a unique competitive edge.