Mambu (company)

German software company

This article reads like a press release or a news article and may be largely based on routine coverage. Please help improve this article and add independent sources. (April 2023)

|

Mambu GmbHCompany type| Private

|

Industry| Fintech, Software
Founded| 2011
Founder| Frederik Pfisterer, Eugene Danilkis, and Sofia Nunes
Headquarters|

Amsterdam

Netherlands

Area served

| Worldwide

Key people

| Eugene Danilkis
(CEO)
Website| www.mambu.com

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]

## History

[edit]

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

[edit]

1. ^ Danilkis, Eugene (2022-06-13). "Modern Slavery and Human Trafficking Statement" (PDF). Retrieved 2023-04-25.
2. ^ a b 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. ^ a b "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. ^ a b "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/