New UK lender Interbridge Mortgages taps Mambu for retail mortgages solution

Interbridge Mortgages Partnership: Interbridge Mortgages, a UK-based start-up mortgage lender, has partnered with core banking tech provider Mambu to launch its services.
About Interbridge Mortgages: Founded in 2023 and headquartered in Cardiff, it offers second charge mortgage loans ranging from £15,000 to £500,000 across England, Scotland, and Wales.
Mambu’s Role: Mambu’s retail mortgages solution powers the launch of 16 mortgage variants, including variable and fixed-rate options, with and without early repayment charges (ERCs).
Integration Goals: Interbridge sought a core banking solution that integrated seamlessly with its broader SaaS ecosystem, including CRM and third-party payment solutions.
Performance: Mambu’s solution helped Interbridge generate income from day one, supporting over 1,000 customers and distributing £60 million in loans in the first three months.
European Expansion: Interbridge joins other European lenders like BridgeFund and Dineo Crédito in adopting Mambu’s cloud-based banking solutions in 2023.