| Industry | Fintech, Software |
|---|---|
| Founded | 2011 (age 15) in Berlin |
| Founder | Frederik Pfisterer, Eugene Danilkis, and Sofia Nunes |
| Hq location city | Amsterdam |
| Hq location country | Netherlands |
| Area served | Worldwide |
| Key people | Fernando Zandona (CEO) |
| Products | Banking software |
| Website | www.mambu.com |
Mambu is a German-Dutch 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 German unicorns.[2]
The company generates most of its revenue outside of Germany. As of early 2021, the company had nearly 170 business customers in 50 countries.[3]
History
Mambu started as a one-year capstone project by five students in Carnegie Mellon University's Master of Human-Computer Interaction program.[4] The project involved user research, prototyping, and design documentation, which included conducting field research on microfinance institutions in Mozambique. The student team consisted of Josh Coe (design), Eugene Danilkis (project management), Sofia Nunes (psychology), Frederik Pfisterer (technology), and Joydeep Sengupta (user experience research).[5][6]
After their university project was complete, three of the students continued to develop the platform. Mambu the company was then founded based on the thesis work. They had developed technical infrastructure for microfinanciers in Latin America and Africa.[7] The company's first clients were mainly from emerging markets.[8] Early backers included Commerzbank and Berlin-based venture capitalist Point Nine.[9]
In 2016, the German neobank N26 became a Mambu customer. Solarisbank also relies on Mambu's software.[8]
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.[10]
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. [11]
In June 2023, CEO and co-founder Eugene Danilkis, left his role as CEO, remaining a shareholder and member of the board. The company's CTO, Fernando Zandona, was named interim CEO, and then was officially named CEO in August 2023.[12][13][14]
References
- ^ Danilkis, Eugene (2022-06-13). "Modern Slavery and Human Trafficking Statement.". Retrieved 2023-04-25.
- ^ 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.
- ^ "Ohne diese Firma ginge bei N26 nichts: Warum das kaum bekannte Fintech Mambu Milliarden wert ist" (in de-DE). Business Insider. 2021-01-15. Retrieved 2022-02-04.
- ^ "Mambu Startup Obtains Funds to Expand its Microfinance Service". CMU Portugal. Retrieved March 25, 2026.
- ^ Flinders, Karl (October 2, 2019). "From university lab to mainstream Mambu provides cloud ERP system for banks: Fintech interview 28". Computer Weekly. Retrieved March 25, 2026.
- ^ Coe, Josh. "Mambu: From CMU Capstone to Fintech Unicorn". joshcoe.design. Retrieved March 25, 2026.
- ^ Engert, Bettina (2022-05-13). "From a Students' Project to FinTech Unicorn — The Mambu Story". Acton Capital. Retrieved 2023-05-01.
- ^ "Das unbekannte Einhorn Mambu – was steckt hinter der Firma?" (in German). FinanceFWD. 2021-12-10. Retrieved 2022-02-04.
- ^ "Was das neue Fintech-Einhorn Mambu so wertvoll macht" (in German). FinanceFWD. 2021-01-08. Retrieved 2022-02-04.
- ^ "Fintech-Boom: Berliner Start-up Mambu sichert sich 235 Millionen – Bewertung steigt auf fast fünf Milliarden Euro" (in German). www.handelsblatt.com. Retrieved 2022-02-04.
- ^ https://ffnews.com/newsarticle/fintech/german-challenger-c24-extends-partnership-with-mambu-after-a-successful-launch-of-the-bank/
- ^ Kharinar, Shruti (2023-06-01). "Mambu CEO and co-founder Eugene Danilkis steps down". Fintech Futures. Retrieved 2026-02-08.
- ^ Duncan, Ellie (2023-08-23). "Mambu names Fernando Zandona as new permanent CEO". Open Banking Expo. Retrieved 2026-02-08.
- ^ Khairnar, Shruti (24 August 2023). "Core banking tech provider Mambu names Fernando Zandona as permanent CEO". Fintech Futures. Retrieved 12 March 2026.