MAMBU

Mambu Raises $266 Million at $5.5 Billion Valuation in EQT Growth-Led Series E

Retrieved on: 
Thursday, December 9, 2021
Professional Services, Data Management, Technology, Finance, Software, Banking, Bank Islam Malaysia, N26, ESG, Climate change, Technology, D, Growth, ABN AMRO, OakNorth Bank, CEO, Articles of association, Gartner, Software as a service, ABN, Vision, EQT, Raiffeisenbank, Renewable energy, Bank, Mambu, EQT Growth, MAMBU, EQT GROWTH

The funding brings the companys valuation to $5.5 billion post money, making it one of the highest-valued B2B SaaS companies founded in Europe.

Key Points: 
  • The funding brings the companys valuation to $5.5 billion post money, making it one of the highest-valued B2B SaaS companies founded in Europe.
  • The banking and securities enterprise software market is over $113 billion in size and experiencing double-digit annual growth, according to Gartner.
  • Demonstrating the accelerating and widespread global need for modern banking software, Mambu has delivered year-on-year growth of more than 120% in Q3 of 2021.
  • The round is led by EQT Growth, the growth equity strategy of the purpose-driven global investment organization EQT.

Mambu and ModusBox Partner to Accelerate Digital Modernization and Improve Access to Data for Financial Institutions

Retrieved on: 
Tuesday, September 28, 2021
Software, Technology, Banking, Professional Services, Software as a service, Bank Islam Malaysia, Partnership, Solution, API, OakNorth Bank, ACH, N26, Fahd of Saudi Arabia, CEO, ABN, ABN AMRO, Bank, Mambu, ModusBox, MAMBU, MODUSBOX

Mambu and ModusBox bring a combination of local and global experiences and assets to the US market.

Key Points: 
  • Mambu and ModusBox bring a combination of local and global experiences and assets to the US market.
  • They will continue to expand their collaboration by integrating Mambu into PortX - ModusBoxs integration platform and connectors for financial institutions.
  • The key to true financial inclusion is focusing on the service that the client receives, not the service that financial institutions intend to provide.
  • ModusBox is a financial services technology company focused on open banking solutions that unlock access to banking core data and eliminate vendor dependencies.

Mambu & Modyo Sign Partnership Agreement

Retrieved on: 
Tuesday, September 14, 2021
Professional Services, Data Management, Technology, Finance, Software, Banking, Partnership, DXP, N.U.D.E.@ Natural Ultimate Digital Experiment, Multimedia, Mambu, Modyo, MAMBU, MODYO

It gives us great pleasure to announce today that Mambu and Modyo have signed a partnership agreement whereby Modyo will connect its core DXP to Mambus composable banking cloud platform.

Key Points: 
  • It gives us great pleasure to announce today that Mambu and Modyo have signed a partnership agreement whereby Modyo will connect its core DXP to Mambus composable banking cloud platform.
  • Modyo has spent the past years building a Next-Gen Digital Experience Platform designed to help financial institutions and large organizations transform their customer experiences.
  • With the Mambu partnership, Modyos ecosystem will benefit from accelerated creation of cloud based digital banking experiences.
  • View the full release here: https://www.businesswire.com/news/home/20210914005740/en/
    Mambu and Modyo shared several common clients, and as a result of this partnership we have worked together during the last few months on advancing our partnership designed to accelerate time-to-market with Modyos ready-to-go financial experiences built with Micro Frontends connected to Mambu.

Canada’s League Data Co-Operative Migrates to Mambu’s Fintech Platform

Retrieved on: 
Tuesday, June 22, 2021
Finance, Banking, Professional services, Technology, Software, Financial services, Economy, Articles, Business software, Core banking, Bank, Credit union, Mambu, League Data, MAMBU, LEAGUE DATA

League Data , the Chief Information Officer and technology partner for the Atlantic Canadian credit unions, has selected Mambus SaaS banking platform to empower its member credit unions which represents more than 320,000 members.

Key Points: 
  • League Data , the Chief Information Officer and technology partner for the Atlantic Canadian credit unions, has selected Mambus SaaS banking platform to empower its member credit unions which represents more than 320,000 members.
  • Mambus modern and innovative platform will replace League Datas legacy core banking system to modernize the banking experience for their members.
  • With Mambu, League Data will have a composable solution that can be molded to Atlantic credit unions business goals and the needs of their members.
  • Were here to help League Data and the Atlantic credit unions make banking better for their end-customers, now and for the future.

Grameen America Extends Partnership with Mambu

Retrieved on: 
Tuesday, June 8, 2021
Women, Software, Finance, Data management, Small business, Professional services, Technology, Consumer, Businesspeople, Rural community development, Financial services, Grameen America, Grameen Bank, Organizations, Andrea Jung, Mambu, Grameen America, MAMBU, GRAMEEN AMERICA

Currently, Grameen America has invested over $1.8 billion in more than 135,000 low-income women entrepreneurs since opening in January 2008.

Key Points: 
  • Currently, Grameen America has invested over $1.8 billion in more than 135,000 low-income women entrepreneurs since opening in January 2008.
  • Grameen America strategically rolled out Mambus platform region by region, completing the national launch over the course of nine months.
  • Since Grameen America moved to 100% digital disbursements and repayments, the organization has become more than 60% financially sustainable.
  • We are pleased to extend our partnership with Mambu, given the important role they continue to play in enabling our capacity to scale," said Andrea Jung, President and CEO of Grameen America.