This article reads like a press release or a news article and may be largely based on routine coverage .(April 2023) |
Company type | Private |
---|---|
Industry | Fintech, Software |
Founded | 2011 |
Founder | Frederik Pfisterer, Eugene Danilkis, and Sofia Nunes |
Headquarters | , |
Area served | Worldwide |
Key people | Eugene Danilkis (CEO) |
Website | www |
Mambu is a 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 unicorns of Germany. [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]
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]
Gigs, Inc. is an American technology company in the telecommunications industry, headquartered in San Francisco, California, with additional offices in London (UK) and Berlin (Germany). Admitted to Y Combinator in 2021, the company specializes in a telecom-as-a-service platform that enables businesses to launch their own branded wireless services.
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