What is Mambu?
Founded in 2011 by Eugene Danilkis and Frederik Pfisterer, Mambu operates as a software-as-a-service (SaaS) solution designed to empower banks, fintechs, and other financial institutions. Its API-driven architecture facilitates the rapid launch and scaling of financial products and services. Headquartered in Amsterdam, with a global presence including offices in Berlin, London, New York, and Singapore, Mambu's mission is to democratize financial services through agile, cloud-based technology. The company's name, inspired by the Bantu word for thoughtful and caring, reflects its commitment to customer-centric solutions in the financial sector. Mambu's journey from its inception to its current enterprise-level funding signifies a robust trajectory in transforming financial service delivery.
How much funding has Mambu raised?
Mambu has raised a total of $445.3M across 6 funding rounds:
Other Financing Round
$821K
Series A
$2M
Series B
$8.7M
Series C
$34M
Series D
$134M
Series E
$265.7M
Other Financing Round (2011): $821K with participation from Kizoo
Series A (2013): $2M led by Point Nine, KIZOO Technology Ventures, and Runa Capital
Series B (2016): $8.7M supported by Acton Capital and CommerzVentures
Series C (2019): $34M featuring Point Nine, Runa Capital, Bessemer Venture Partners, CommerzVentures, and Action Capital
Series D (2021): $134M backed by Acton Capital, Technology Crossover Ventures, Tiger Global, Bessemer Venture Partners, Runa Capital, and Arena Holdings Management
Series E (2021): $265.7M with participation from EQT Growth
Key Investors in Mambu
EQT Growth
EQT Growth is a growth equity investment arm focused on scaling technology companies. They provide capital and strategic support to help businesses expand their market reach and product offerings.
Acton Capital
Acton Capital is a venture capital firm specializing in Series A and later-stage investments, focusing on building scalable and enduring companies. They offer tailored growth strategies and typically invest between 5-10 million euros in European and Canadian startups.
Tiger Global
Tiger Global is an independent contract manufacturing and sourcing group headquartered in the United Kingdom, established in 2003. They are known for their investments in technology companies.
What's next for Mambu?
With the recent major strategic investment, Mambu is well-positioned to accelerate its product development and global market penetration. The company's focus on a cloud-native, API-first approach aligns with the evolving demands of the financial industry for flexibility and scalability. Future initiatives are likely to involve enhancing its core platform capabilities, expanding its ecosystem of partners, and deepening its reach into new geographical markets. This strategic financing round will enable Mambu to further solidify its leadership position in the core banking and fintech infrastructure space, driving innovation and supporting the digital transformation of financial institutions worldwide.
See full Mambu company page
