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 2024, Mambu prioritized enhancing customer experiences and driving sustainable growth. Key product updates included customizable loan repayment schedules, streamlined refund processes for revolving loans, and overpayment thresholds for Declining Balance Equal Instalment (DBEI) loans. These enhancements reflect Mambu's commitment to delivering flexible and customer-centric solutions in the evolving financial landscape.
Mambu Mergers and Acquisitions (M&A) Activities
In December 2024, Mambu strategically acquired Numeral, a payment technology provider, to bolster its market position and expand its payment capabilities. This acquisition aligns with Mambu's long-term growth plans, enabling the company to offer more comprehensive solutions to its clients and tap into new growth opportunities in the financial services sector.
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,
Mambu Key Enterprise and Cloud Applications
Mambu Cloud Banking Platform
Mambu Revenues, $M:
Type/Year | 2023 | 2024 | YoY Growth, % |
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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 | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
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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
Type | Direct Sales | Indirect Sales | Total |
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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: 114 Million
Mambu supports 260+ customers and 114 million users in over 65 countries - including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, Raiffeisen Bank, ABN AMRO, Bank Islam and Orange Bank.
Mambu Market Opportunities, M&A and Geo Expansions
The rise of embedded finance and generative AI presents significant opportunities for Mambu. Financial institutions are increasingly adopting AI to provide personalized financial recommendations and enhance operational efficiency. Mambu's flexible platform is well-positioned to support these trends, enabling clients to integrate advanced technologies and offer innovative financial products.
In 2021, Mambu raised €110 million in January—led by TCV with participation from Tiger Global, Arena Holdings, and existing investors—followed by a record-breaking €235 million Series E round in December led by EQT Growth, boosting its valuation from over €1.7 billion to €4.9 billion and solidifying its status as one of Europe’s most valuable B2B SaaS companies.
Mambu Risks and Challenges
While Mambu's composable architecture offers flexibility, it may introduce complexities in integration and potential delays in deployment. Additionally, as a cloud-based platform, Mambu must continuously address cybersecurity threats and ensure compliance with evolving regulatory standards to maintain client trust and system integrity.
Mambu Ecosystem, Partners, Resellers and SI
Mambu's ecosystem is built on a composable architecture that facilitates integration with a wide range of third-party providers. This includes partnerships with companies like ComplyAdvantage, nCino, Wise, and Marqeta, covering services such as KYC, regulatory reporting, and payment processing. This modular approach allows clients to tailor their banking solutions, fostering innovation and adaptability in a rapidly changing financial environment.
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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