P.F.C.  (Personal Finance Co.), the neobank from Stockholm has rolled out Mambu, the market-leading SaaS banking engine. One year after the original release, P.F.C. keeps a growth rate of 35% monthly and has positioned itself quickly in Sweden’s crowded fintech scene. The partnership helps P.F.C.  accelerate the rollout of its new features and products that simplify the everyday operation of money. 

Underwritten by Nordea, the biggest Nordic bank, P.F.C. creates a mobile personal finance app with a debit card, and through automation and data analytics helps customers reach their financial objectives. P.F.C.  is a neobank with a prepaid Mastercard and a mobile app to help you: 

• Manage personal spending and budgeting.  
• Split bills with friends easily.  
• Track expenses in real-time.  
• It’s perfect for anyone who wants to have a simple budget solution that doesn’t incur bank charges every day. 

Key features of P.F.C.  

Prepaid Mastercard: Accepts online, in-store and cash withdrawals. 

Budgeting tools: Budget and spend by category. 

Real-time notifications: Real-time transactional notifications. 

Bill Splitting: Split expenses among friends with just a tap on the app. 

Free basic card & account Offers (Basic Plan): Free basic card and account packages. 

Savings Options: Set your own savings goals. 

Upgrade your subscription: Activate premium services and virtual cards. 

Mambu’s engine is composable, so P.F.C. is the next big thing on their back-end and end-user systems. PFC has a personal finance app and associated debit card. The user is urged to attain his/her financial objectives with “automation and data-driven insights”. 

The bank is about to launch personal savings and credit cards and anticipates getting 100,000 users by the end of the year. It is a payments institution licence, not a full bank licence. 

PFC is supported by the largest Nordic bank in Europe, Nordea, which is going through a core banking revolution with Temenos. It put €5 million into PFC in July. 

P.F.C. will start rolling out major enhancements for personalised savings and credit products very soon. Mambu’s speed of deployment makes the product development for P.F.C.’s agility possible and it allows the mobile-first neobank to test and deliver these new products in a much shorter time. 

Mambu and P.F.C.: A partnership driving innovation and rapid growth in Neobanking

“Idea and flexibility are the foundation of Mambu’s business and association with P.F.C. enables special deals in both realms. Thanks to their cloud-native API-first design and pre-built features, P.F.C. has integrated Mambu as a critical part of their full neobank to launch in months”, Eelco-Jan Boonstra, Managing Director of Mambu EMEA. 

“The new way of doing business has opened up for progressive digital banks and they cater to the younger, tech-savvy, information-driven customers. User experience is an issue; the audience here expects and demands a lot. Powered by Mambu, P.F.C.  can address these requirements while at the same time accelerating product development and features, becoming soon the go-to place for personal finances,” Boonstra said. 

Benefits of using P.F.C.  

• It is a handy and simple app. 
• Real-time spending insights.  
• There are no surcharges for simple usage. 
• Encourages budgeting and savings habits.  
• Ideal for managing shared expenses.  

Upgrading to P.F.C. premium  

P.F.C.  has a premium package for those users who are looking for extras: 

• Virtual Cards: Secure online shopping. 
• High-Level Budgeting Functions: More granular spending reports. 
• Cash Back for Travel: No extra fees for foreign exchange and ATM cash out. 
• Priority Support: Faster response times from the customer service. 
• Get the latest prices and plans on the app.

Follow this instruction to get your P.F.C. account. So whether you’re a person trying to stay on top of your money, need to set some aside for an occasion, or split expenses with your friends, P.F.C. makes it easy to manage your money.

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