STARTUP PROFILE

Mambu

Updated: 08/2019

Mambu

Portugal / Berlin , Germany

Website

Series C 02/2019

Pitch

With €42m in investment and trusted by microfinance institutions and unicorns, Mambu is an agile, customizable cloud-based banking architecture SaaS, quick to deploy and transact.

Why

Expensive in-house solutions

High-quality banking infrastructure is expensive and time-consuming to develop or restructure.

Channel restrictions

Traditional offline banking systems are not omnichannel and cannot be accessed via mobile.

No integrated banking processes

Unlike traditional institutions, Mambu enables clients to build, operate and oversee API-guided processes in the cloud.

Market

$6.7bn

The total estimated transactional value of online fintech operations in 2023 for the largest market segment – payments only – up from US$4.14 in 2019.