Cloud Services Europe Partnerships Paytech

OKEO Goes Live With Multi-Currency Foreign Exchange Payments on Mambu

European digital payment service provider OKEO selects Mambu‘s platform to offer multi-currency foreign exchange payments to businesses.

OKEO is building a Single European Payments Area (SEPA) instant payments service on Mambu, and will be adding it to the storefront within the next few months, enabling customers to process their Euro payments across the European Economic Area in seconds.

Founded in 2019 in Lithuania, the all-in-one payments platform aims to maximise cost efficiency and empower businesses with greater control over their finances. It provides business IBAN accounts and online banking with an interface that lets teams manage their profiles, set permissions and limits, and carry out payment transactions.

To build its new multi-currency product, OKEO selected Mambu and, following a nine-month implementation, has now successfully launched its new offering.

According to Katarzyna Kwiatkowska, CEO at OKEO, customer success is ‘not only the goal of our service’ but is also an ‘inevitable element of its delivery process’.

“We partnered with Mambu because their composable approach is a perfect response to the quickly evolving needs of our customers, and they share our customer-centric philosophy,” says Kwiatkowska. “While Mambu keeps the lights on in the back-end, our team can focus on the customer-facing front-end, new features and enriched financial services. We believe that our partnership will enable us to take our offering to the next level.”

Scott Wilson, regional vice president of Mambu EMEA, added: “Our partnership is an opportunity for us to collaboratively push the envelope in the multi-currency space. The successful go-live of OKEO services on Mambu is a result of aligned goals and excellent engagement between the teams. We look forward to supporting OKEO’s growth and product expansion goals.”



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