Krom Bank extends Mambu partnership to scale cloud banking

By Vriti Gothi

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.

Leveraging Mambu’s cloud-native core banking platform and Amazon Web Services (AWS) infrastructure, Krom has rapidly emerged as one of Indonesia’s fastest-growing digital banks. The bank has redefined access to financial services by offering fully digital, high-yield banking experiences tailored to the needs of young and underserved consumers.

Over the next five years, the partnership will support the rollout of new deposit and loan products, the integration of generative AI-driven services, and the enhancement of cloud-enabled workforce capabilities. Together, these innovations will accelerate product development and expand Krom’s digital ecosystem, powered by Mambu’s scalable architecture and AWS’s robust infrastructure.

“Mambu has proven to be a powerful partner from day one. Our renewed partnership is a key step in Krom’s long-term strategy to build a scalable, innovative, and inclusive digital bank for Indonesians,” said Anton Hermawan, President Director, Krom Bank. “With Mambu’s cloud-native core and the flexibility it provides, we’ve been able to launch high-impact products faster, stay compliant, and deliver a seamless experience to our customers. As we target 20 million accounts by 2030, Mambu continues to be a trusted partner on our growth journey.”

“Krom Bank is a standout example of what’s possible when bold vision meets modern technology,” said David Becker, Managing Director, Head of APAC Sales at Mambu. “Its rapid growth and strong financial performance are a testament to how a cloud-native, composable core like Mambu can support scale and agility in even the most complex markets. We’re proud to renew our partnership and continue supporting Krom’s mission to expand access to high-quality digital banking in Indonesia.”