Krom Bank extends Mambu partnership to scale cloud banking

Krom Bank, a digital bank and subsidiary of Kredivo Group, has renewed its partnership with Mambu for a further five years. The agreement follows a successful collaboration on the launch of Krom’s digital banking app in 2024 and reflects the bank’s ongoing confidence in Mambu’s composable cloud banking platform as it accelerates its journey towards reaching 20 million accounts by 2030.

The renewed partnership reinforces Krom’s long-term strategy to advance financial inclusion and digital innovation in Indonesia, where more than 75% of the population remains unbanked or underbanked. Krom first selected Mambu as its core banking partner in March 2022 and, within just 12 months, successfully launched a comprehensive suite of personal and business banking products, including current accounts, savings, and term deposits.