#BankTech #SaaS / Mambu Raises €110 Million in Funding Round

Mambu’s SaaS banking platform sets it apart from traditional core banking players as it drastically accelerates and simplifies the way financial products are built and serviced by any financial institution.

[Founder and CEO of Mambu:] “When Mambu launched in 2011, we knew the future of banking would have to be built on agile and flexible technology. Nearly a decade later, this is more true now than ever, particularly given developments over the past year…”

[TCV General Partner, John Doran:] “Mambu was one of the first companies to leverage the opportunity to move banking software into the cloud. The team has built a highly composable, truly cloud-native product in a multi-billion dollar, rapidly-growing market traditionally dominated by large, slow-moving on-prem vendors. We have been following Mambu’s progress for many years and are truly delighted to be able to partner with Eugene and the entire Mambu team on their journey to expand their offerings to customers worldwide.”

https://www.businesswire.com/news/home/20210107005157/en/Mambu-Raises-%E2%82%AC110-Million-in-Funding-Round-Led-by-TCV