Mambu Strengths, Domain Expertise, and Key Differentiators
Launched in 2011, Mambu aspires to democratize access to contemporary financial services. It offers a cutting-edge cloud-native banking platform that competes with traditional core products, reshaping the market landscape. Mambu introduced Software as a Service (SaaS) to the banking sector precisely when its relevance was most pronounced.
The clientele of Mambu spans from major banks such as ABN AMRO and Santander to prominent venture-backed fintechs like N26 and OakNorth, as well as telecommunication giants like Globe Telecom. Mambu empowers these entities to construct modern banking or lending solutions in the cloud, crafting a tailored, highly agile, and cost-effective alternative that surpasses the legacy approach to core banking.
Mambu Recent Developments
In March 2023, Newgen Software partnered with Mambu to integrate its lending solutions with Mambu's core banking systems. This collaboration focuses on streamlining lending processes and aligning with Mambu's composable banking approach. Rajvinder Singh Kohli, SVP of Sales at Newgen, emphasizes the positive impact on financial institutions, while William Dale, Regional Vice President for Asia-Pacific at Mambu, highlights the value brought to customers in modernizing lending experiences. The integration, backed by AI-enabled underwriting and rule-driven decisioning, aims to enhance loan application management and collaboration for financial institutions.
In November 2022, Ashman, the innovative SME-focused bank in commercial real estate, optimizes loan services through Mambu's cloud platform. COO Simon Healy highlights their digital-first strategy, aligning with market trends for tailored, agile solutions, addressing SME funding challenges.
In June 2022, Allica and Mambu enable tailored SME lending with tech-driven relationship management. The acquisition of AIB's GB SME customers in November 2021 prompted Allica to choose Mambu's composable technology, ensuring swift loan migration and a successful 2022 go-live. CEO Richard Davies emphasizes technology's core role, praising Mambu's cloud-native architecture. Prajval Dsilva underscores collaborative success, anticipating ongoing partnership in their evolving journey.
In July 2020, Mambu partnered with Currencycloud for enhanced international payments. The integration enables swift deployment of flexible, enterprise-grade solutions, giving financial services clients control over the end-to-end customer journey and precise pricing management.
The Mambu business model offers organizations a swift, streamlined, contemporary, and cost-efficient alternative to traditional core banking systems or standalone systems. It empowers them to introduce innovative products, explore new markets, revamp existing business processes, and embark on new enterprises, all while enhancing market analytics and efficiency.
Utilizing a sophisticated and highly flexible "product factory," the organization facilitates the creation and offering of diverse credit and deposit products. These encompass corporate finance, consumer loans, corporate loans, peer-to-peer loans, checking accounts, transaction accounts, savings products, and more, with over 6000 live configurations.
Mambu Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Mambu applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Mambu and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Mambu Cloud Banking Platform customers.
Mambu Overview
Piet Heinkade 55
Amsterdam, x, 1019 GM, Netherlands
31 2 0214-9964
https://www.mambu.com/
Ownership: - TCV, Tiger Global, Arena Holdings, Bessemer Venture Partners, Runa Capital, Acton Capital Partners
Number of Employees: 850
Functional Markets: ERP Services and Operations,
Key Verticals: Banking and Financial Services, Communications, Professional Services, Retail,
Mambu Key Enterprise and Cloud Applications
Mambu Cloud Banking Platform
Mambu Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Mambu Revenue Breakdown By Type, $M:
Mambu Enterprise Applications Revenues By Functional Markets, $M:
Mambu Enterprise Applications Revenues By Verticals, $M:
Mambu Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Mambu Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Mambu Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Mambu Customers
No. of Mambu Customers: 260
No. of Mambu Enterprise Applications Customers: 260
No. of Mambu Cloud Customers: 260
No. of Mambu Cloud Subscribers: 85 Million
Established in 2011, Mambu is transforming the landscape of financial services through its cloud-native banking platform. With a team of over 850 global professionals, Mambu caters to top-tier banks, fintech leaders, and telecommunications companies. The company provides flexible solutions to more than 260 clients, making a significant impact on 85 million users spanning 60 countries.
Some notable clients in Mambu's portfolio include Asto, Ferratum, Fixura, Folkefinans, Kwara, Mynt, N26, New10, Nordiska, OakNorth, P.F.C., Rebellion, TBC Bank Group Plc, The Wallet Engine, Zest Money, Wenance, and many others.
Mambu Market Opportunities, M&A and Geo Expansions
In December 2021, Mambu successfully secured €235 million in a Series E funding round led by EQT Growth, marking the most substantial financing round ever achieved by a banking software platform. This funding elevates the company's post-money valuation to €4.9 billion, solidifying its position as one of the most highly valued B2B Software as a Service (SaaS) companies established in Europe.
In January 2021, Mambu raised €110 million in a funding round led by TCV, renowned for investments in Netflix, RELEX, Spotify, and WorldRemit. Additional contributions came from Tiger Global and Arena Holdings, along with existing investors Bessemer Venture Partners, Runa Capital, and Acton Capital Partners. This noteworthy funding has elevated the company's valuation to over €1.7 billion, highlighting its significance in the market and its promising growth trajectory.
Mambu Risks and Challenges
In August 2023, Fernando Zandona assumed the role of Mambu's permanent CEO, Fernando Zandona brings 20+ years of tech leadership. While promising, leadership changes pose inherent risks like transition challenges and market perception shifts.
Mambu Ecosystem, Partners, Resellers and SI
Mambu, with unwavering dedication, persists in its commitment to continually expand and invest in its regional and global partner network. The diverse partner ecosystem it fosters involves various partner types strategically positioned to empower customers in hastening innovation and promptly delivering tangible value. This strategic approach highlights Mambu's steadfast dedication to cultivating a dynamic and expansive partner network, aligning with market analytics, and fostering accelerated business growth.
Mambu proudly showcases an impressive lineup of partners, featuring industry leaders like Capgemini, Etronika, Accenture, Metasite, ABC Tech, 10Clouds, First Line Software, Flexibility, Atos, NTT Data, Andersen, ELCA, Mobiquity, Publicis Sapient, GFT, and various other notable entities. This strategic collaboration serves as a testament to Mambu's dedication to forging alliances with top-tier organizations, fostering mutual success, and positioning itself as a leader in the market.
Mambu Cloud Infrastructure Insights
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- Mambu Public Cloud and Infrastructure (IaaS)
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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