GoBear allies with Mambu, CredoLab for short-term lending business

GoBear’s lending architecture will expand to the Philippines this year.

Financial services platform GoBear is partnering with CredoLab and cloud banking firm Mambu to fast-track its own short-term lending business, according to a news release.

Mambu’s composable banking solution will form the core system in GoBear’s lending architecture to expand into the Philippines in 2020, with additional markets to follow. The GoBear-Mambu partnership was brought forward by a recommendation from CredoLab.

The three firms will host a webinar together on digital technology come 2 July.