Mambu Raises €235m in Series E; at €4.9 Billion Valuation


Mambu, a London, UK and Amsterdam, Netherlands-based provider of a SaaS based banking platform, rased €235m in Series E funding round, at a valuation to €4.9 billion post money.

The round was led by EQT Growth. In conjunction with the funding, Carolina Brochado, Partner within EQT Growth’s Advisory Team, will be joining Mambu’s Board of Directors.

The company plans to accelerate investments in new areas of innovation for its next-generation banking platform, build on its strategic commercial partnerships and to deepen its already-global footprint and customer success services.

Led by Eugene Danilkis, co-founder and CEO, Mambu provides a SaaS cloud banking platform that fast-tracks the design and building of nearly any type of financial product for banks, lenders, fintechs, retailers, telcos and more. Founded in 2011, the company has 800 employees and 200 customers globally, including N26, OakNorth, Tandem, ABN AMRO, Bank Islam, BancoEstado, League Data and Orange Bank.