Berlin-based banking software startup Mambu has raised €110 million for expansion.
"Last year was strong for us commercially and major trends in fintech like the cloud are going in the right direction," Mambu CEO Eugene Danilkis told Business Insider in an interview. Berlin-based banking software startup Mambu has raised €110 million to continue its expansion into new markets. The funding, which closed in late December, was led by TCV with additional investment coming from Tiger Global and Arena Holdings, as well as existing investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners. Mambu's new round brings the company's valuation to over €1.7 billion .
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