Total amount raised
€387 Millions
Latest funding date
12/1/2021
Location
Mambu has successfully raised significant funding across multiple rounds, with its latest being a Series E. The company provides a SaaS cloud core banking platform designed to be agile and scalable.
Keep reading to explore the intricacies of Mambu's fundraising journey and the investors backing this innovative platform.
What Is Mambu?
Mambu, founded in 2011 in Amsterdam, The Netherlands, is a company that provides a SaaS cloud core banking platform. The platform is designed to enable modern banking and financial experiences through its composable banking approach.
The company was founded by Eugene Danilkis, Frederik Pfisterer, and Sofia Nunes. Mambu's innovative solutions help banks, lenders, fintechs, and retailers build modern digital financial products faster, securely, and cost-effectively.
With a workforce of 501-1000 employees, Mambu continues to grow and expand its reach in the financial technology sector, offering products like the Mambu Cloud Banking Platform, Lending Engine, and Deposits Engine.
How Much Funding Has Mambu Raised?
- Seed Round
- Amount Raised: €600K
- Date: January 2011
- Lead Investors: KIZOO Technology Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Mambu's core banking platform.
- Series A
- Amount Raised: €1.4M
- Date: December 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and market reach.
- Series A
- Amount Raised: €2M
- Date: August 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the business and enhance product offerings.
- Series B
- Amount Raised: €8M
- Date: January 2016
- Lead Investors: Acton Capital, CommerzVentures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series C
- Amount Raised: €30M
- Date: February 2019
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's technology and support global expansion.
- Series D
- Amount Raised: €110M
- Date: January 2021
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the customer base.
- Series E
- Amount Raised: $265.7M
- Date: December 2021
- Lead Investors: EQT
- Valuation at Round: $5.4 billion
- Motivation Behind the Round: To drive platform innovation, expand globally, and enhance customer support.
Total Amount Raised: $417.7M. Current Valuation: $5.4 billion.
Key Investors
- EQT
- Details: EQT is a global investment organization with a focus on private equity, infrastructure, and real estate. They are known for their commitment to sustainability, diversity, and inclusion.
- Investment Focus Areas: Private equity, infrastructure, real estate, credit.
- Notable Investments: Epidemic Sound, AutoStore, IFS.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in early-stage companies across various sectors. They have a strong track record in technology, healthcare, and financial services.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, Shopify, Twilio.
- TCV
- Details: TCV is a venture capital firm that invests in technology companies at various stages of growth. They have a history of backing industry leaders in the tech space.
- Investment Focus Areas: Technology, internet, financial services.
- Notable Investments: Netflix, Facebook, Spotify.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on private and public companies in the global internet, software, consumer, and financial technology sectors. They are known for their aggressive investment strategy.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Acton Capital Partners
- Details: Acton Capital Partners is a growth-stage venture capital firm that invests in internet and mobile-based business models. They focus on companies with strong growth potential.
- Investment Focus Areas: Internet, mobile, SaaS.
- Notable Investments: Etsy, Lilium, Mytheresa.
What's Next for Mambu?
Mambu stands at the cusp of significant opportunities, driven by the growing demand for digital banking solutions. With a market valued at over $113 billion, the company is poised to expand its next-generation SaaS banking platform, roll out new functionalities, and deepen its global footprint, particularly in twelve key markets. This expansion is supported by a robust customer base of over 50 million end-users and 200 customers globally.
Future fundraising opportunities appear promising as Mambu continues to attract substantial investment, potentially leading to further rounds to support its ambitious growth plans. However, the company faces challenges such as maintaining rapid growth, ensuring continuous innovation, and navigating regulatory environments across different regions. Balancing these factors will be crucial as Mambu aims to solidify its position in the competitive fintech landscape.
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