Mambu Raises €110 Million in Funding Round Led by TCV

Jan 07, 2021•over 4 years ago

Amount Raised

€110 Million

Miami

Description

Mambu, the market-leading SaaS banking platform, today announced its latest funding round of €110 million ($134 million USD) in new capital. This round was led by TCV, whose investments include Netflix, RELEX, Spotify, and WorldRemit. Additional investment was received by Tiger Global and Arena Holdings, as well as existing investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners. The new round brings the company’s valuation to over €1.7 billion.

Company Information

Company

Mambu

Location

Miami, Florida, United States

About

Mambu is the world’s only true SaaS cloud banking platform. Mambu fast-tracks the design and build of nearly any type of financial product for banks, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be configured any way our customers require to meet their customer’s needs. Founded in 2011, Mambu has 800 employees and 200 customers globally, including N26, OakNorth, Tandem, ABN AMRO, Bank Islam, BancoEstado, League Data and Orange Bank. More info: www.mambu.com

Funding Insights

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Mambu Raises €110 Million in Funding Round Led by TCV

Description

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Funding Insights

Company Information