Mambu (company)

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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]