M

Mambu

Cloud-based core banking platform for fintech

Overview

Mambu provides a cloud-native, API-driven core banking and financial services platform delivered as SaaS for banks, fintechs, and other lenders to build and run digital banking and lending products. The platform runs in the cloud and exposes modular banking capabilities via APIs; customers pay a subscription to access infrastructure to design, deploy, and manage accounts, loans, and wallets without building the backend from scratch. Unlike many competitors, Mambu acts as an infrastructure provider for digital banking with a cloud-first, configurable core that scales across markets. Its goal is to help financial institutions create and scale modern financial services quickly by simplifying IT and speeding time-to-market.

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About Mambu

Simplify's Rating
Why Mambu is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Enterprise SoftwareFintechFinancial Services

Company Size

501-1,000

Company Stage

Series E

Total Funding

$426.8M

Headquarters

Amsterdam, Netherlands

Founded

2011

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What believers are saying

  • September 29, 2026 Mastercard partnership broadens monetization beyond deposits and lending.
  • July 2026 Swift go-live already serves BankB, Outpayce, and BCB Group.
  • Nyla's June 2026 Ghana launch targets 33,000 waitlisted users and regional expansion.

What critics are saying

  • Sales depend on replacing entrenched cores at banks that delay multi-year migrations.
  • Payments rivals like Temenos and Finastra already bundle similar cross-border connectivity.
  • If payments uptake stalls, Mambu remains exposed to core-banking commoditization and exit pressure.

What makes Mambu unique

  • Intelligent Core bundles core banking, payments, and agentic AI on one composable platform.
  • Swift Business Connect certification gives managed global messaging without bank-owned infrastructure.
  • Mastercard Move integration embeds cross-border payments directly inside banking journeys.

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Funding

Total Funding

$426.8M

Above

Industry Average

Funded Over

8 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Above Average

Industry standards

$100M
$250M
$258.5M
$1.3B
$1.5B

Benefits

  • Company Equity
  • Learning and Development Opportunities
  • Hybrid Work Options
  • 30 Day Working Abroad
  • Unlimited Paid Time Off

Growth & Insights and Company News

6 month growth

3%

1 year growth

3%

2 year growth

3%
Montpelier Journal
Oct 13th, 2026
CortixIQ releases 2026 Software Intelligence Matrix(TM) for Corporate Banking Platforms in Europe.

CortixIQ releases 2026 Software Intelligence Matrix(TM) for Corporate Banking Platforms in Europe. October 13 16:30 2026 CortixIQ Corporate Banking Platforms Software Intelligence Matrix(TM) 2026 - Europe-Focused, comparing 15 platforms across Product Strength and Usability. New CortixIQ research evaluates 15 corporate banking technology platforms across Product Strength and Usability, identifying Top Performers, Advanced Solutions, Focused Players and Emerging Solutions. Bee Cave, United States - October 13, 2026 - CortixIQ Global Intelligence, an independent software and technology research firm, has released the Corporate Banking Platforms Software Intelligence Matrix(TM) 2026 - Europe-Focused, providing a comparative view of technology providers serving banks and financial institutions across the corporate banking market. The 2026 research evaluates 15 corporate banking platforms across two primary dimensions - Product Strength and Usability - and positions vendors across four categories: Top Performers, Advanced Solutions, Focused Players, and Emerging Solutions. The platforms included in the assessment are: Backbase, Temenos, Finastra, Sopra Banking, CoCoNet, Finacle, Oracle Financial Services, SAP, FIS Global, CREALOGIX, Appway, Comarch, Mambu, Thought Machine, and 10x Banking. The Matrix is designed to provide banks, technology leaders, procurement teams, digital banking executives, and other stakeholders with a structured view of how corporate banking technology providers compare within the defined European market scope. Backbase, Temenos, Finastra, Sopra Banking and CoCoNet Named Top Performers In the 2026 Matrix, Backbase, Temenos, Finastra, Sopra Banking, and CoCoNet were positioned within the Top Performers quadrant. Their positions reflect their relative combination of Product Strength and Usability within the scope of the CortixIQ assessment. Backbase and Temenos occupy particularly strong positions within the Top Performers quadrant, while Finastra, Sopra Banking, and CoCoNet also demonstrate strong overall positioning across the two evaluated dimensions. "Corporate banking technology is undergoing a significant shift as banks look beyond traditional transaction processing toward platforms that can support more connected, digital and adaptable corporate banking experiences," said Abhijith Krishnan, Chief Research Analyst at CortixIQ Global Intelligence. "The strongest platforms in this market need to balance functional depth with the usability and flexibility required to support increasingly complex corporate banking environments." Finacle, Oracle Financial Services, SAP and FIS Global Positioned as Advanced Solutions Finacle, Oracle Financial Services, SAP, and FIS Global were positioned within the Advanced Solutions quadrant. These providers demonstrate comparatively strong Product Strength within the CortixIQ evaluation, while their positioning on Usability differs from platforms placed in the Top Performers quadrant. The Advanced Solutions category is intended to represent platforms that may offer substantial product capability and sophistication while requiring buyers to more carefully consider implementation, administration, operating complexity, or organizational fit. For larger financial institutions and banks with complex technology environments, this balance between functional breadth and operational usability can be a particularly important consideration during platform selection. CREALOGIX, Appway and Comarch Positioned as Focused Players CREALOGIX, Appway, and Comarch were positioned as Focused Players in the 2026 Matrix. Their positions reflect comparatively strong usability characteristics within more concentrated product-strength profiles relative to the broader market evaluated by CortixIQ. Focused Players may be particularly relevant for banks seeking solutions aligned with specific corporate banking requirements, deployment models, customer experiences, or technology strategies rather than requiring the broadest possible platform scope. Mambu, Thought Machine and 10x Banking Identified as Emerging Solutions Mambu, Thought Machine, and 10x Banking were positioned in the Emerging Solutions quadrant. These platforms represent newer or evolving approaches within the broader banking technology landscape and may be relevant to organizations pursuing modernization, composable banking architectures, cloud-native strategies, or more specialized technology transformation initiatives. Their inclusion in the Matrix reflects CortixIQ's broader assessment of the changing corporate banking technology ecosystem and the increasing diversity of platform approaches available to European financial institutions. Corporate Banking Technology Is Becoming More Modular and Experience-Led Corporate banking platforms are increasingly expected to support more than traditional transaction execution. Banks are evaluating technology based on how effectively platforms can support digital corporate experiences, customer servicing, workflow modernization, connectivity, integration, operational automation, and broader transformation initiatives. This creates a more complex buying environment in which product capability must be considered alongside factors such as implementation effort, administration, flexibility and usability. "Product strength remains fundamental in corporate banking, but banks are increasingly evaluating how quickly technology can be integrated into existing environments and how effectively users can work with it," Krishnan added. "A technically sophisticated platform does not automatically translate into the right operational fit. The purpose of the Matrix is to give buyers a comparative view across both dimensions." European Banks Face Different Modernization Requirements The 2026 study is specifically Europe-focused, recognizing that corporate banking technology decisions can be shaped by regional banking infrastructure, regulatory environments, payment ecosystems, integration requirements and modernization priorities. European banks range from large multinational institutions operating complex legacy estates to regional and specialist banks pursuing more focused digital transformation strategies. As a result, platform selection is unlikely to depend on a single measure of functionality. CortixIQ's two-dimensional approach is intended to help technology buyers understand the relative trade-offs between Product Strength and Usability and identify providers that align more closely with their organizational requirements. About the CortixIQ Software Intelligence Matrix(TM) The CortixIQ Software Intelligence Matrix(TM)(SIM(TM) is a technology evaluation framework developed by CortixIQ Global Intelligence to provide an independent comparative view of software platforms across defined market categories. The framework assesses technology providers across two primary dimensions: Product Strength reflects the relative breadth, depth, maturity and overall capability of the platform within the evaluated market. Usability considers factors associated with implementation, administration, user experience, adoption and the practical effort required to deploy and operate the technology. For the Corporate Banking Platforms Software Intelligence Matrix(TM) 2026 - Europe-Focused, vendors are positioned across four categories: Top PerformersAdvanced SolutionsFocused PlayersEmerging Solutions The Matrix is intended as a comparative market assessment and should be considered alongside an organization's individual requirements, technology architecture, operational model and strategic priorities. About CortixIQ Global Intelligence CortixIQ Global Intelligence is an independent software and technology research firm focused on software intelligence, technology evaluation, competitive benchmarking and market research. Through research frameworks including the CortixIQ Software Intelligence Matrix(TM)(SIM(TM) and Solution Fit Map(TM)(SFM(TM), CortixIQ provides structured market intelligence designed to help technology buyers, vendors and business leaders better understand software markets, compare technology providers and evaluate vendor differentiation. Media Contact Company Name: CortixIQ Global Intelligence Contact Person: Abhijith Krishnan Email: Send Email City: Bee Cave Country: United States Website: https://www.cortixiq.com

TechDay
Sep 30th, 2026
Mambu & Mastercard team up on cross-border payments.

Mambu & Mastercard team up on cross-border payments. Wed, 30th Sep 2026 (Today) Mambu and Mastercard have agreed a strategic collaboration on cross-border payments for banks, linking Mastercard Move with Mambu's Intelligent Core. The tie-up targets financial institutions using Mambu's cloud banking and payments platform that want to add international payment services to their digital banking offerings. It is intended to give banks a pre-built route to Mastercard's cross-border payment network, avoiding a separate project from scratch. Cross-border payments remain difficult for many banks, particularly those serving small businesses and retail customers seeking clearer pricing, faster settlement and better visibility when sending money abroad. By linking its core banking platform with Mastercard Move, Mambu aims to expand the payment services available to its banking clients after moving further into the sector through its acquisition of Numeral. For Mambu, the collaboration extends its strategy of offering more than core banking functions to financial institutions that want to build services modularly. Founded in 2011, the company says more than 260 customers in over 65 countries use its platform, including banks, lenders, credit unions, fintechs and retailers. Mastercard Move is the card network's money movement portfolio for domestic and international transfers. Mastercard says the service can move funds within and across more than 200 countries and territories, supports more than 150 currencies, reaches more than 17 billion endpoints and covers 95% of the world's banked population. The connection will let banks embed cross-border payments into digital banking journeys rather than sending customers through separate processes. That could matter for lenders and neobanks trying to retain customers who might otherwise turn to specialist money transfer providers for overseas payments. Payments push Mambu's recent push into payments followed its acquisition of Numeral, which broadened its offering beyond lending and deposit products. The latest agreement suggests it wants to position itself as a broader banking technology supplier for institutions that need both account infrastructure and payment rails. The opportunity comes as banks face pressure from corporate treasurers, small businesses and consumers for international transfers that are easier to track and more transparent on fees and exchange rates. Large incumbent banks have often relied on older infrastructure and correspondent banking arrangements, while newer fintechs have won customers with more straightforward user experiences. Fernando Zandona, Chief Executive Officer of Mambu, said the partnership was intended to reduce the work banks need to do to launch these services. "Adding cross-border payment capabilities shouldn't require financial institutions to take on years of integration work or rethink their entire tech stack. By integrating Mambu's Intelligent Core with Mastercard Move, we are giving our customers a simpler way to introduce these capabilities, accelerate time to market and continue building on the investments they've already made. That's the value of a composable foundation: it lets the Intelligent Core keep extending what financial institutions already trust, rather than replacing it," Zandona said. The arrangement also gives Mastercard another route to distribute Mastercard Move through banking software providers, rather than selling only directly to banks and financial institutions. Embedded access through third-party platforms has become an increasingly common strategy for payment networks and infrastructure providers seeking wider adoption. Bank demand Demand for international payments has grown as more small companies trade across borders and consumers use digital banking apps for a wider range of financial tasks. Banks have been under pressure to offer payment tools integrated into their own apps and online services, with clearer information on transfer status and delivery. Pratik Khowala, Global Head of Transfer Solutions at Mastercard, pointed to those market pressures in describing the tie-up. "Despite advances in digital payments, moving money across borders remains complex and fragmented, with people and businesses expecting greater speed, transparency and certainty. Mastercard Move combines global reach with trusted money movement capabilities to help financial institutions meet those expectations," Khowala said. The collaboration reflects a broader trend in banking technology, with software platforms, payment networks and specialist providers joining forces to help banks update services without replacing core systems entirely. In cross-border payments, where compliance, currency support and bank connectivity can be difficult to assemble independently, pre-integrated partnerships have become one way to shorten deployment times for lenders and digital banks. Mambu says its platform supports core banking, deposits, lending, payments and Islamic banking, serving clients ranging from established banks to fintech companies. Mastercard says it operates in more than 200 countries and territories worldwide.

Fintech News Network
Sep 2nd, 2026
Mambu's new AI agents can act on banking tasks within set limits.

Mambu's new AI agents can act on banking tasks within set limits. Mambu Agentic adds AI connectivity, specialised agents and autonomous workflows directly into Mambu's existing core banking platform. Get the hottest Fintech Singapore News once a month in your Inbox Mambu has launched Intelligent Core, its technology architecture for bringing core banking, payments and agentic AI together on one open, composable platform. The launch combines Mambu Core and Mambu Payments with a new addition, Mambu Agentic, an intelligence layer that connects AI directly into the core. Mambu said most banks are still layering AI onto legacy core systems. These systems weren't built for real-time intelligence or autonomous action, a gap Intelligent Core is designed to close. The company has spent 15 years helping financial institutions build and modernise deposits, lending and Islamic banking on its composable platform. Intelligent Core extends that foundation with AI capabilities. Mambu Agentic introduces three new capability layers. Model Context Protocol support connects enterprise AI agents directly into the core and payments systems. This gives them real-time data access without requiring complex integrations. AI Insights provides a curated data layer meant to keep the information used for agent reasoning reliable. It also surfaces insights on growth opportunities, risk and anomalies across portfolios. Pre-built action agents gather data and reason against configurable guardrails. They act within their permitted scope and explain each decision, with configurable policies and approval thresholds. Fernando Zandona, CEO of Mambu, said the company's 15-year composable banking approach has freed hundreds of global financial institutions from the constraints of monolithic legacy cores. That foundation now evolves to become intelligent through Mambu Agentic. It connects AI agents directly into the ledger to reason against guardrails, act where authorised, and explain every decision. "Every financial institution we talk to is not asking if they should adopt AI, but whether it can run safely, reliably, and deliver on its promise at scale," Zandona said. "Today with Mambu, it can." Featured image: Edited by Fintech News Singapore based on an image by farknot via Magnific.

Financial IT
Jul 16th, 2026
Mambu becomes a certified Swift Business Connect Enabler, announcing go-live for financial institutions globally.

Mambu becomes a certified Swift Business Connect Enabler, announcing go-live for financial institutions globally. * Banking * 16.07.2026 11:24 am Mambu, the cloud banking platform powering the next generation of financial institutions, today announced it has become a certified Enabler of Swift's Business Connect and Value-Added Services. The certification allows financial institutions to connect to Swift's global financial messaging network through a fully managed, cloud-native model, without the need to operate dedicated infrastructure or rely on legacy services. As part of this certification, Mambu also announces the go-live and onboarding of many financial institutions on its payments platform. Through Mambu, customers including Bank B, Outpayce and BCB Group are able to scale payments globally, serving millions of customers. Through the certification, Mambu can now provide Swift Alliance Cloud connectivity while managing the infrastructure, security, and compliance requirements typically associated with Swift access on behalf of its customers. The capability is integrated directly into the Mambu Payments Hub, giving institutions a single platform to manage cross-border payment flows alongside domestic and other international payment schemes. "We're proud to bring fully managed Swift connectivity to our customers. BankB is already live, using our Swift Alliance Cloud connectivity to connect to ING as their SEPA sponsor bank, and we have several more institutions completing their Swift onboarding and set to go live in the coming weeks. This certification means our customers can access Swift's global network without the operational burden of managing the infrastructure themselves." Édouard Mandon, VP Payments at Mambu As a certified Enabler of Swift's Value-Added Services, Mambu also gives institutions access to additional tools designed to strengthen payment operations and improve the end-customer experience. The certification builds on Mambu's broader strategy of delivering a unified payments infrastructure layer that brings together scheme connectivity, bank connectivity, and payment orchestration in a single platform. Swift Alliance Cloud connectivity extends Mambu's existing connectivity footprint across domestic payment schemes and partner banks, giving institutions a consistent way to manage international payment use cases including correspondent banking for cross-border payments, sponsor bank connectivity, partner bank connectivity, and direct access to market infrastructures. Connecting to Swift through Mambu's Alliance Cloud connectivity allows Financial IT to centralise all its bank payments via one gateway, serviced through its SEPA sponsor bank relationship with ING. The implementation with Mambu Payments was realised quickly and reliably. Payment operations on Mambu's platform are more streamlined, increase efficiency and enable Financial IT to better serve its customers." said Patrick Herwegh, CIO at BankB. Mambu's Swift Business Connect offering is now available to financial institutions, banks, fintechs, neobanks, payment institutions, and electronic money institutions globally.

Persistent Systems
Jun 30th, 2026
Breaking free from legacy: A smarter path to core banking modernization.

Breaking free from legacy: A smarter path to core banking modernization. Blog by Rajesh Stephen, posted on June 30, 2026 in Banking and Financial Services Escaping the $25 billion legacy constraint. The industry is at a tipping point. Core banking is undergoing a structural shift. The global core banking technology market is projected to grow from approximately $13-14 billion in 2025 to $23-24 billion by 2030. At the same time, analysts estimate a $25 billion opportunity in legacy core modernization during this period, with nearly 60% of financial institutions already planning transformation initiatives. For US regional banks, the pressure is even more immediate. Cost to income ratios is expected to rise to nearly 74% by 2030 if current operating models persist, up from about 63% in 2023. Today, most banks still allocate close to 70% of their IT budgets on maintaining legacy systems rather than building new capabilities. Meanwhile, fintechs continue to launch products in weeks and regulators demand near real-time reporting. The question is no longer whether to modernize. The priority is how to modernize without disrupting business stability. Beyond "rip and replace": Rethinking core transformation. Traditional core transformation programs have relied on full platform replacement. These large-scale initiatives typically require multi-year timelines, significant upfront investment and a single, high risk cutover event. Industry experience shows that such approaches frequently lead to cost overruns, delays and operational disruption. A more effective path is progressive modernization that enables banks to evolve their core systems incrementally. By separating business capabilities from legacy platforms, institutions can modernize in phases, reducing risk while accelerating innovation. Persistent adopts a co-existence-led approach built around the LEAP framework: * Leverage Assess the current landscape and identify opportunities to decouple legacy components * Envision Define a target state aligned with business priorities and growth objectives * Architect Design a composable, API-first and cloud-native foundation * Propel Execute transformation in controlled phases with parallel runs and minimal disruption This approach allows regional banks to adopt modernization strategies tailored to their needs from digital overlays to fully composable core transformations without compromising continuity. From technology upgrade to growth platform. Modernization today is not only about replacing technology. It is about building a platform that enables growth, agility and new revenue models. Persistent brings a platform-first mindset to core transformation, combining deep domain expertise with proven global experience. With 1,100+ digital banking specialists, 15+ Gen3 core implementations and over 100 lending and deposit products delivered, persistent helps banks accelerate transformation outcomes while reducing execution risk. This expertise translates into tangible value: * Faster transition to cloud-native, API-driven core platforms * Accelerated modernization through GenAI-led efficiencies * Up to 2.5x faster time to market and up to 40% reduction in total cost of ownership through the Persistent Digital Bank Solution * Flexible, scalable architectures enabled by the 3P model - Product, Platform and Providers Persistent's long-standing partnership with Mambu further strengthens this approach, combining a cloud-native SaaS core with deep engineering and domain expertise to deliver scalable, measurable outcomes. Delivering measurable business impact at scale. Core modernization programs must deliver clear outcomes. Persistent's work with League Data demonstrates what is possible. League Data, which supports credit unions across Atlantic Canada, needed to migrate 37 Credit Unions from a legacy system nearing end of life. Persistent partnered with Mambu to deliver a large-scale transformation. The results were significant: * Upto 99.9% platform uptime * Credit union onboarding reduced from 6-9 months to 4-6 weeks * 30-50% reduction in operating costs through shared services * 500+ integration services across 20+ ecosystem partners * 900+ automated reports delivered with zero downtime cutovers Beyond this program, Persistent has delivered impactful outcomes across global markets, including: * Helped a bank launch an independent BPaaS company now licensing the platform to banks and building societies in the UK * Built and launched a fully licensed digital bank from scratch in just 8 months * Core modernization and digital engineering programs for Tier 1 banks across the US and Asia Pacific The window to act is narrowing. The opportunity in core modernization is significant, but so is the urgency. Regional banks that adopt a phased, platform-driven approach can reduce cost pressures, accelerate innovation and remain competitive in a rapidly evolving market. Progressive modernization enables banks to transform without disruption, unlocking value at each stage while maintaining business continuity. Start your modernization journey. Modernization does not have to mean disruption. With the right strategy, banks can transition from legacy constraints to a future-ready, composable core while continuing to operate with stability and confidence. Persistent helps regional banks achieve this transformation through a structured, low-risk, outcome-driven approach focused on measurable outcomes. Explore how to modernize your core banking platform without disruption. Visit Banking and Financial Services or connect with its experts to begin your modernization assessment. Rajesh Stephen. Associate Vice President, Domain Consulting at Persistent System He is an Associate Vice President - Domain Consulting at Persistent Systems, where he heads the Retail & Commercial Banking practice. With 20+ years of expertise in digital, automation and modernization programs, he works with banks and financial services firms on digital transformation, AI-native banking and next-generation core platform initiatives.

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