Mambu, a market-leading, modern SaaS banking platform, announced that it raised €235 million in Series E funding round, the largest financing round to date for a banking software platform.
The round was led by EQT Growth, the funding brings the company’s valuation to €4.9 billion post-money, making it one of the highest-valued B2B SaaS companies founded in Europe.
Mambu will use its fresh funding to further accelerate innovation in its next-generation platform, with the ambition of rolling out both new functionality as well as technical capabilities.
The company will also continue to expand its already-global footprint and customer success model to further support its international customer base which is active across 65 countries today, with a specific focus on twelve key markets.
Company: Mambu GmbH
Round: Series E
Funding Month: December 2021
Lead Investors: EQT Growth
Company Website: https://www.mambu.com/
Software Category: SaaS cloud banking platform
About the Company: Founded in 2011, Mambu is a software-as-a-service banking engine provider that powers lending and deposit services, 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. The company has 800 employees and 200 customers globally, including N26, OakNorth, Tandem, ABN AMRO, Bank Islam, BancoEstado, League Data, and Orange Bank.