Mambu (company)

Last updated
Mambu GmbH
Company type Private
Industry Fintech, Software
Founded2011;14 years ago (2011) in Berlin
FounderFrederik Pfisterer, Eugene Danilkis, and Sofia Nunes
Headquarters
Amsterdam
,
Netherlands
Area served
Worldwide
Key people
Eugene Danilkis (CEO)
Products Banking software
Website www.mambu.com

Mambu is a German-Dutch software company founded in Berlin and headquartered in Amsterdam. [1] Mambu provides infrastructure for banks and financial service providers according to the software as a service (SaaS) model. In December 2021, Mambu reached a company valuation of $5.3 billion, making it one of the German unicorns. [2]

Mambu traces its origins to a platform for microloans and serves neobanks such as Solarisbank and N26, as well as established credit institutions such as Banco Santander and companies such as Check24. [3] The company generates most of its revenue outside of Germany. As of early 2021, the company had nearly 170 business customers in 50 countries. [4]

History

Mambu was founded in 2011 by Frederik Pfisterer and Eugene Danilkis, who had developed technical infrastructure for microfinanciers in Latin America and Africa. [5] The company's first clients were mainly from emerging markets. [6] Early backers included Commerzbank and Berlin-based venture capitalist Point Nine. [7]

In 2016, the German neobank N26 became a Mambu customer. Solarisbank also relies on Mambu's software. [6]

In June 2021, Mambu raised nearly €200 million in a financing round led by EQT AB. [2]

According to Handelsblatt, contracted annual recurring revenue is estimated at $165 million for 2022. [3]

In 2020, Mambu first partnered with C24 Bank to launch the greenfield digital retail bank. In June 2023, Mambu and C24 Bank announced an extension to their ongoing partnership. [8]

References

  1. ↑ Danilkis, Eugene (2022-06-13). "Modern Slavery and Human Trafficking Statement" (PDF). Retrieved 2023-04-25.
  2. 1 2 Dummett, Ben (2021-12-09). "WSJ News Exclusive | Mambu Valued at $5.3 Billion in Investment Led by Private-Equity Firm EQT". Wall Street Journal. ISSN   0099-9660 . Retrieved 2022-02-04.
  3. 1 2 "Fintech-Boom: Berliner Start-up Mambu sichert sich 235 Millionen – Bewertung steigt auf fast fünf Milliarden Euro". www.handelsblatt.com (in German). Retrieved 2022-02-04.
  4. ↑ "Ohne diese Firma ginge bei N26 nichts: Warum das kaum bekannte Fintech Mambu Milliarden wert ist". Business Insider (in German). 2021-01-15. Retrieved 2022-02-04.
  5. ↑ Engert, Bettina (2022-05-13). "From a Students' Project to FinTech Unicorn — The Mambu Story". Acton Capital. Retrieved 2023-05-01.
  6. 1 2 "Das unbekannte Einhorn Mambu – was steckt hinter der Firma?". FinanceFWD (in German). 2021-12-10. Retrieved 2022-02-04.
  7. ↑ "Was das neue Fintech-Einhorn Mambu so wertvoll macht". FinanceFWD (in German). 2021-01-08. Retrieved 2022-02-04.
  8. ↑ https://ffnews.com/newsarticle/fintech/german-challenger-c24-extends-partnership-with-mambu-after-a-successful-launch-of-the-bank/
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