WSJ News Exclusive | Mambu Valued at $5.3 Billion in Investment Led by Private-Equity Firm EQT

The banking-software company looks to take advantage of a growing preference among businesses and consumers for digital-banking services

Many are calling decentralized finance, or DeFi, the “Wild West of finance.” This fast-growing industry aims to provide automated banking services for cryptocurrencies to everyone, with no middlemen. But there are risks. WSJ explains. Photo illustration: Tammy Lian/WSJ

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