Case Study: Lumi accelerates SME lending with Mambu

Australian non-bank lender Lumi is lighting the way for SMEs

Lumi, an Australian non-bank lender, needed a fast way to help SMEs stay afloat during the COVID-19 crisis. Using Mambu’s cloud banking platform, Lumi was able to rapidly adapt its lending operations to support a government-backed loan-guarantee scheme and meet urgent demand for flexible business funding.

Mambu provided a flexible, composable core banking foundation that let Lumi launch new lending options without months of custom development, including a line of credit and Australia’s first 4-week interest-free repayment pause. As a result, Lumi scaled quickly, secured a $40 million warehouse facility, and has since funded 5,000+ small businesses and disbursed over $1 billion in loans.

Lumi

Yanir Yakutiel

Founder and CEO