- Mambu, a global provider of a SaaS banking platform, raised €110m (USD$134m) in funding
- The round, which brought the valuation to over €1.7 billion, led by TCV, with participation from Tiger Global and Arena Holdings
- The company intends to use the funds to continue to accelerate its growth and deepen its presence in the more than 50 countries in which it already operates
- Mambu also provides a SaaS banking platform to accelerate and simplify the way financial products built and serviced by any financial institution
- The platform used by traditional banks, fintech startups, financial institutions, nonprofits, and other businesses to power their financial products and services
- The company has nearly 500 employees and serves such customers as ABN AMRO, N26, OakNorth, Orange, and Santander among others
