08 January 2021

BaaS business Mambu raises €110mn   

Written By FinTech Alliance

BaaS business Mambu raises €110mn   

Mambu, a European FinTech unicorn offering Banking as a Service, has raised €110mn funding.  

In Brief:  

  • The funding was led by venture firm TCV.  

  • TCV’s General Partner, John Doran, will join the board as a result.  

  • Mambu is now valued at €1.7bn.  

What does this mean?  

Mambu currently operates in more than 50 countries and says it will use the fresh funds to focus on further growth. Key markets for the unicorn include Brazil, Japan, and the US.  

Read more here.    

 

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