Monday, June 17, 2024

Mexican microlender CAME selects Mambu to support expansion plans

Mexican microlender, CAME (Consejo de Asistencia al Microentrepreneur SA de CV), a Mexican financial institution, which offers specialised financial services for small and micro businesses, has migrated its operations to leading cloud banking platform Mambu.

The move will enable CAME, a regulated lending entity, known as a ‘Sofipo’, to expand its services in markets it has served for nearly 30 years, with greater velocity and agility, as it looks to triple its customer base by 2025.

CAME offers dedicated financial products for micro businesses such as credit, savings accounts and equity investment vehicles. The lender plans to report exponential growth in the next four years and triple its customer base via leveraging new technologies as authorised by the National Banking and Securities Commission (CNBV). With Mambu’s cloud banking platform, CAME will optimise the delivery of its services to drive ongoing innovation and development of its business model.

Pablo Varela, CAME’s General Director, said: “In our quest to continue supporting the development of micro-businesses in Mexico, we have taken this leap with regards to the modernisation and evolution of our systems.

“The opening of the CNBV has been an important step to modernise the sector, and with it we can incorporate new technologies and state-of-the-art digital platforms so that our current and prospective clients will enjoy complete security that will advance over time. We will always be their ally and support their business development.”

Alejandro Masseroni, Mambu’s General Director for Mexico, said: “We are delighted to work together with CAME and to help them develop their mission of consolidating an inclusive financial culture and one that will improve living conditions of the communities in which micro businesses operate.”

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