Mambu GmbH, the microfinance and banking technology provider has boosted its executive team with the appointment of international finance expert Douglas Pond, as executive vice president.
Pond joins Mambu from global microfinance network Opportunity International, where he served as chief commercial officer and an executive director for Opportunity's bank in Mozambique. His experience spans four continents and more than 25 years, working in commercial, investment and emerging markets banking and microfinance.
Mambu secured a Series A funding earlier in 2013 and is now building its leadership, sales and marketing teams for the next stage of growth. The company announced last month that 100 microfinance organizations have already adopted its cloud-based technology in more than 26 countries around the world.
"Socially responsible investing and microfinance hold the key to emerging market growth and Mambu is ideally positioned to accelerate that growth, by providing accessible and affordable banking technology for all," said Douglas Pond, executive vice president of Mambu. "I firmly believe that Mambu has the potential to be a highly disruptive force in the banking technology market."
Eugene Danilkis, CEO and co-founder of Mambu added, "Douglas' extensive microfinance and impact investing experience, combined with his deep comprehension of the challenges that our customers face make him an incredibly valuable addition to our leadership team, and we are delighted to have him on board."
In addition to his microfinance role at Opportunity International in Mozambique, Pond's experience includes commercial and investment banking and in the USA, and emerging markets banking in Hanoi, Vietnam, where he helped introduce new business services into the Vietnamese economy. Pond began his career at ABN AMRO Bank (now Bank of America), the 12th largest bank in the world.