# Mambu

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mambu-b-v

- Industry: Software
- Headquarters: Amsterdam, Netherlands
- Website: www.mambu.com
- Total disclosed funding: $302M
- Latest round: Series E (Dec 9, 2021)
- Investors on record: 9

## About

Mambu B.V., based in Germany, provides a cloud-native banking platform, specializing in composable banking solutions that empower financial institutions to enhance customer-centric experiences through innovative technology.Founded in Amsterdam, Netherlands, in 2011 by Eugene Danilkis, Frederik Pfisterer, and Sofia Nunes, Mambu B.V. is focused on delivering a modern banking platform. The company has secured a total of 6 deals, with the most recent funding round occurring on December 9, 2021, where it raised EUR 235 million in Series E funding led by EQT, alongside investors such as Acton Capital, Bessemer Venture Partners, Runa Capital, TCV, and Tiger Global Management. With a current valuation of EUR 4.90 bn, Mambu is positioned as a pivotal player in the financial technology sector.Mambu offers a cloud-native banking platform that focuses on composable banking solutions, enabling financial institutions to build customer-centric financial experiences. Their core product offerings include a dynamic lending engine and a deposits engine, designed to facilitate the creation of a wide range of financial products, such as mortgages, buy now pay later solutions, SME lending, and digital wallets. Mambu's platform targets various customer segments, including banks, fintech companies, retailers, and corporates across multiple geographical markets, including Europe, North America, Latin America, and Asia-Pacific. By leveraging low-code technology and public APIs, Mambu’s offerings allow rapid integration and scalability, fostering innovation without the constraints of traditional legacy systems. Their extensive partner ecosystem further enhances the platform's capabilities, providing clients with tailored financial solutions that meet specific market demands.In 2022, Mambu reported revenue of EUR 84,184,832.40 and an EBITDA of EUR 44,676,858. This revenue is primarily generated through a subscription-based model, where financial institutions pay for access to Mambu's cloud banking services, enabling them to develop and manage their banking products.Following the Series E funding of EUR 235 million obtained on December 9, 2021, Mambu plans to utilize this investment to accelerate the rollout of new functions and enhance its technical capabilities. The company aims to expand its presence in emerging markets while launching innovative products designed to meet the evolving needs of its clients. Specific geographic regions targeted for expansion are expected to include new markets in Asia-Pacific and Latin America, ensuring that Mambu continues to grow in tandem with the global demand for modern banking solutions.

## Funding rounds

- Series E, Dec 9, 2021, $266M — EQT, TCV, Bessemer Venture Partners, Tiger Global Management, Acton Capital, Runa Capital
- Series C, Feb 18, 2019, $34M — Bessemer Venture Partners, Acton Capital, Commerzbank, Runa Capital, Point Nine
- Series A, Feb 14, 2013, $2M — Runa Capital, KIZOO Technology Ventures, Point Nine

## Investors

- Runa Capital (https://capitalatlas.ai/funds/runa-capital) — Series A, Series C, Series E
- KIZOO Technology Ventures (https://capitalatlas.ai/funds/kizoo-technology-ventures) — Series A
- Point Nine (https://capitalatlas.ai/funds/point-nine) — Series A, Series C
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series C, Series E
- Acton Capital (https://capitalatlas.ai/funds/acton-capital) — Series C, Series E
- Commerzbank (https://capitalatlas.ai/funds/commerzbank) — Series C
- EQT (https://capitalatlas.ai/funds/eqt) — Series E
- TCV (https://capitalatlas.ai/funds/tcv) — Series E
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series E