Mambu Secures \(135M at \)2B+ Valuation for Cloud Banking Platform
The Rise of API-Powered Banking Solutions
In today’s digital banking landscape, both challenger banks and traditional financial institutions face a critical decision: build proprietary banking infrastructure or leverage third-party SaaS solutions. Increasingly, the industry is choosing the latter approach - and Berlin-based Mambu has emerged as a leading enabler of this transformation.
Funding Round Highlights
- Amount Raised: €110 million (~$135 million)
- Post-Money Valuation: €1.7 billion (~$2 billion)
- Lead Investor: TCV (known for Netflix, Facebook, Spotify investments)
- Other Participants: Tiger Global, Arena Holdings, Bessemer Venture Partners, Runa Capital, Acton Capital Partners
Strategic Growth Plans
Mambu CEO Eugene Danilkis outlined three key focus areas for the new capital:
- Market Expansion: Deepening presence in existing 50 markets
- Regional Focus: Accelerated growth in South America and Asia
- Product Development: Enhancing its cloud-native banking platform
Notably, the company has maintained 100% year-over-year growth since its 2019 funding round (€30 million), demonstrating strong market traction.
The Digital Banking Revolution
Mambu’s success reflects broader industry trends:
- Consumer Shift: 20 million+ end customers served through Mambu-powered solutions
- Market Size: Banking software sector valued at $100B+ (Gartner)
- Diverse Clients: From neobanks (N26, OakNorth) to incumbents (Santander, ABN Amro) and telcos (Orange)
Platform Capabilities
Mambu’s cloud-based offering supports:
- 7,000+ Banking Products across lending, deposits, and current accounts
- API-First Architecture enabling rapid integration
- Third-Party Ecosystem including partnerships with TransferWise
- Security & Compliance enterprise-grade protections
Competitive Landscape
While Mambu benefits from first-mover advantage (founded 2011), the space is becoming increasingly crowded with compe*****s like:
- Thought Machine ($83M raised in 2020)
- Temenos
- Rapyd
- Unit
- Edera
Why Traditional Banks Are Adopting
Danilkis explains the appeal for legacy institutions:
“Banks often struggle with outdated core systems that can’t support modern API integrations. Our platform allows them to launch new products faster and at lower cost while mitigating the risks of modifying legacy systems.”
Investor Perspective
John Doran, TCV Partner joining Mambu’s board, highlighted:
“Mambu pioneered cloud-native banking infrastructure in a market dominated by slow-moving on-premise solutions. Their composable architecture positions them well for continued global expansion.”
Correction: An earlier version misstated the funding amount as €100M. The correct figure is €110M.
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