Mambu Raises $266 Million at $5.5 Billion Valuation for Fintech Industry

Mambu is a SaaS banking engine provider that empowers lending, deposit services, and other banking products. The company builds up an API for companies to help them integrate banking and financial tools without creating them themselves.

The recent round was led by EQT Growth. Other investors are not revealed. However, it is known that the last round in January was led by TCV, and along with them such investors as Tiger Global, Bessemer Venture Partners, Arena Holdings, etc. took part. The money raised will be used for expansion to more markets.

Mambu, Berlin-based, was launched in 2011 by Eugene Danilkis, Frederik Pfisterer, Sofia Nunes. As of now, the company has more than 200 clients that work with 53 million users in 65 countries. It includes N26, Raiffeisen Bank, and BancoEstado. “We feel a strong connection to the vision of Mambu as an organization, given the close alignment on values of responsibility and sustainability, and believe that Mambu’s solution is making the financial system more accessible and affordable for millions around the world.”, says Carolina Brochado, a partner within EQT Growth’s Advisory Team.

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