Fintech
German Neobank C24 expands partnership with Mambu after launch
After its successful launch, the new German digital bank C24 has extended its partnership with Mambu.
Founded by Check24 in 2020, C24 Bank is fully regulated and approved by BaFin. It provides convenient and secure banking services along with features to help customers optimize their finances and save money.
Upon its founding, C24 Bank partnered with Mambu to launch its greenfield banking services. The partnership helped it release its deposit offering in just 14 months and this successful collaboration has seen C24 choose to continue to leverage Mambu’s modern foundations as it grows.
C24: gaining ground in the German market
C24 Bank’s partnership with Mambu has allowed it to build a product that has gained significant attention and popularity in the German market.
After the first four years of its foundation, C24 can shift its focus to promoting greater innovation in collaboration with Mambu instead of primarily managing its own core infrastructure.
With Mambu’s continued support, C24 hopes to expand its product range and react quickly to frequent market changes and evolving customer expectations.
Lasse Schmid, Geschäftsführer (CEO) of C24, says: “We at C24 Bank want to provide a unique offering to our customers. We are the only bank in Germany that pays interest on all our current account products.
“Mambu helped us deliver that. We look forward to expanding our partnership with the goal of serving 1 million customers and continuing to deliver exceptional customer experiences.”
Nick Lawler, Market Director, EMEA at Mambu adds: “After five years of successful collaboration, we are thrilled that C24 Bank has chosen to extend our partnership as it continues to develop its deposit products and services.
“It has been incredible to witness the growth of C24’s offerings, supported by Mambu’s cloud banking platform.
“We have seen how Mambu can simplify and optimize banks’ ability to launch innovative services and we look forward to empowering C24 Bank in its mission to help customers optimize their finances.”