Fundz

Mambu Raises €110 Million in Funding Round Led by TCV

PRIVATEJan 07, 2021

Amount Raised

€110 Million

Round Type

Funding Round

Financial ServicesBanking

Description

Mambu, the market-leading SaaS banking platform, today announced its latest funding round of €110 million ($134 million USD) in new capital. This round was led by TCV, whose investments include Netflix, RELEX, Spotify, and WorldRemit. Additional investment was received by Tiger Global and Arena Holdings, as well as existing investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners. The new round brings the company’s valuation to over €1.7 billion.

Quick answer

Mambu raised €110 Million in a Funding Round round, dated January 7, 2021.

How much did Mambu raise?
Mambu raised €110 Million in a Funding Round round on January 7, 2021.
What does Mambu do?
Mambu is the world’s only true SaaS cloud banking platform.
Who are the decision-makers at Mambu?
Fundz holds 1 contact at Mambu. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Banking around the same time

Companies in the same sectors as Mambu that raised within 45 days of this round, from Fundz verified event records.

  • Nymbus raised $53M (Series C) on February 10, 2021.
  • National Bank of Canada raised $15M (Funding Round) on February 9, 2021.
  • Wells Fargo raised an undisclosed amount on February 8, 2021.
  • Discover raised an undisclosed amount on January 15, 2021.
  • Mx raised $300M (Series C) on January 13, 2021.
  • Hancock Whitney raised an undisclosed amount on January 7, 2021.

Who to call at Mambu, and when

A new round usually means Mambu is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Mambu raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Mambu, from your own LinkedIn network

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Company Information

Company

Mambu

About

Mambu is the world’s only true SaaS cloud banking platform. Mambu fast-tracks the design and build of nearly any type of financial product for banks, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be configured any way our customers require to meet their customer’s needs. Founded in 2011, Mambu has 800 employees​ and ​200 customers globally, including N26, OakNorth, Tandem, ABN AMRO, Bank Islam, BancoEstado, League Data and Orange Bank.

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Mambu raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.