xpate, a frontrunner in the e-commerce payment solutions sector, announces its migration to Mambu’s cloud banking platform, marking an advancement in its service offerings across Europe.
This transition signifies xpate’s commitment “to deploying a robust, scalable architecture that promptly adapts to evolving market demands and enhances its payment processing capabilities.”
Mike Shafro, Founder of xpate, said:
“At xpate, we recognize the pivotal role of technology in shaping our growth and efficiency. Partnering with Mambu reflects our dedication to fortify our foundation with scalable and advanced technological solutions. This alliance not only enhances our capabilities but also empowers us to deliver exceptional value to our customers, steering us towards setting new benchmarks in our industry.”
Designed to bridge the gap between merchants and acquirers, xpate’s platform revolutionises payment processing, “offering a solution that is not only more efficient but also more accessible than traditional alternatives.”
The adoption of Mambu’s cloud-first strategy is “a testament to xpate’s dedication to innovation, enabling the rapid development of new products and services that meet the dynamic needs of the digital economy.”
Nick Lawler, Market Director, EMEA at Mambu, says:
“We are delighted to kick off our work with xpate as it brings a modern payment platform to the wider market. On Mambu, xpate can focus on growing its business, rather than managing the underlying core technology. We look forward to supporting xpate’s present needs and future growth.”
Following the recent acquisition of its EMI license in Latvia, xpate is poised “for European expansion, leveraging Mambu’s cloud-native core to architect a future-proof payment solution.”
This move is aligned with xpate’s strategy “to harness digital-first opportunities and cater to the increasing demand for agile, reliable payment platforms.”
Their familiarity with Mambu’s capabilities and evolutionary trajectory has solidified our confidence in their platform.
Ruben Vosmeer, Chief Technology Officer at xpate, highlights the synergy between the two companies:
“Mambu’s commitment to delivering bespoke solutions through innovative use of their APIs perfectly aligns with our mission to offer tailored, scalable payment services. This partnership is a cornerstone in xpate’s strategy to redefine the payment ecosystem.”
Serving over 260 customers worldwide, from fintechs to banks, Mambu is at “the forefront of the cloud-native core banking landscape.”
Its SaaS model is uniquely positioned “to support diverse organisations, including agile startups like xpate, ensuring a customer-centric, scalable solution that anticipates and responds to the future needs of the financial sector.”