Mambu Secures €30M

Mambu , the Berlin-based provider of a SaaS banking engine, has announced it has raised €30m in its latest funding round led by US-based Bessemer Venture Partners, with participation from existing investors Acton Capital, CommerzVentures, Point Nine Capital and Runa Capital.

“The fintech era has changed financial services forcing institutions to digitize, innovate and scale to adapt to customer needs. In a shifting technology landscape they have to move at the pace of a technology company rather than a traditional bank. As a direct result, we have experienced significant growth as these institutions change strategic direction and face new tech-enabled players entering the financial services market. We provide the engine which allows them to be agile to respond to market changes and realize business value quickly.” – Mambu CEO Eugene Danilkis.