Mambu (company)
 | |
| Type | Private |
|---|---|
| Industry | Fintech Software |
| Founded | 2011 in Berlin |
| Founder | Frederik Pfisterer Eugene Danilkis Sofia Nunes |
| Headquarters | , |
Area served | Worldwide |
Key people | Fernando Zandona (CEO) |
| Products | Banking software |
| Website | mambu |
Mambu GmbH is a German-Dutch software company headquartered in Amsterdam.[1] Mambu provides infrastructure for banks and financial service providers as a 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][3]
History
Mambu began 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]
After the project ended, three team members continued developing the platform and founded Mambu based on their thesis work. The platform provided technical infrastructure for microfinanciers in Latin America and Africa.[6] It received early funding from Commerzbank and Berlin-based venture capitalist Point Nine.[7]
In June 2021, Mambu raised €200 million in a financing round led by EQT AB.[2] By 2022, Mambu had reached $165 million in contracted annual recurring revenue.[8]
In June 2023, 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.[9][10][11]
References
- ↑ Danilkis, Eugene (2022-06-13). "Modern Slavery and Human Trafficking Statement" (PDF). Retrieved 2023-04-25.
- 1 2 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". Business Insider (in German). 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.
- ↑ "Das unbekannte Einhorn Mambu – was steckt hinter der Firma?". FinanceFWD (in German). 2021-12-10. Retrieved 2022-02-04.
- ↑ "Was das neue Fintech-Einhorn Mambu so wertvoll macht". FinanceFWD (in German). 2021-01-08. Retrieved 2022-02-04.
- ↑ "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.
- ↑ 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.