Acton backs Mambu's €8m series-B

The company will use the fresh capital to expand its commercial team, improve the platform and open offices in Asia and the Americas.

Acton held the final close of its second vehicle, Heureka II Growth Fund, on €170m in October 2015. For its last investment in August 2015, Acton also teamed up with CommerzVentures to invest in UK fintech Iwoca's $20m series-B.

Previous funding
In February 2013, Mambu raised its $2m series-A from Runa Capital, Point Nine Capital and Kizoo Technology Ventures. Kizoo first invested in 2011, providing an undisclosed amount.

Company
Founded in 2011 and based in Berlin, Mambu provides a SaaS platform that enables banking providers to create, launch and service loan and deposit products.
The company claims to work with more than 100 institutions in 30 countries worldwide, thereby servicing a portfolio of more than a million accounts.

People
Acton Capital Partners – Fritz Oidtmann (managing partner).
CommerzVentures – Stefan Tirtey (managing director).
Mambu – Eugene Danilkis (CEO).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture