Mambu Raises €30M in Funding

mambuMambu, a Berlin, Germany-based provider of a SaaS banking platform, raised €30m in funding.

The round was led by Bessemer Venture Partners.

The company intends to use the funds to accelerate its growth by expanding its sales presence and development capabilities.

Led by Eugene Danilkis, founder and CEO, Mambu provides an API-based SaaS core banking platform, an agile and scalable enterprise-grade financial services engine, which enables banks, lenders, fintech companies and others to innovate their IT into an innovative cloud-based delivery model. The Mambu core banking engine is already home to more than $7bn assets under management, 11m end customers and more than 6,000 financial products in over 270 deployments.
The company has more than 170 employees on four continents.



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