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Mambu

Provider
BaaSLendingLedger

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 57 companies across 3 categories.

mambu.com ↗Also analysed as a company — its own stack →
CategoriesBaaS, Lending, Ledger
Rank#4 of 259 in Lending
Buyers57 companies
HeadquartersAmsterdam, Netherlands
Founded2011
Raised$426.8M

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Founders & story · from Mambu’s own dossier

Mambu launched as a SaaS core banking engine for microfinance institutions and has expanded to serve fintechs, neobanks, and challenger banks globally. Its composable, API-first architecture became the foundation for Banking-as-a-Service deployments, enabling brands to launch financial products without building a bank. The company has progressively shifted from offering pre-built connectors to pushing customers toward more flexible integration patterns as it phases out the Mambu Process Orchestrator and Mambu Payment Gateway.

Latest round: Merger / Acquisition, 2024
Recent developments
  • 2023-08Mambu announced enhancements to the Currencycloud connector for cross-border payments. source ↗
  • 2024-01Mambu began deprecation of the Mambu Payment Gateway, advising customers to contact support for alternative options. source ↗
  • 2026-09-29Partnered with Mastercard to integrate Mastercard Move directly into Mambu's Intelligent Core — a pre-built connection giving banks cross-border payments (200+ countries/territories, 150+ currencies, 17B+ endpoints) without the integration work of building the rails themselves. CEO Fernando Zandona: "Adding cross-border payment capabilities shouldn't require financial institutions to take on years of integration work or rethink their entire tech stack." source ↗
  • 2024-12-01Acquired French payment company Numeral to strengthen payment capabilities. source ↗
Acquisitions
Numeral2024
Acquired the French payments-infrastructure provider (founded 2021, €10B+ processed annually) for an undisclosed sum in December 2024, relaunched as "Mambu Payments" — Mambu's move into end-to-end payment workflows beyond its core banking platform.
Full dossier: Mambu’s own stack, layer by layer →
In the press
embeddedfinancereview.com ↗
Coverage of Mambu sourced from Embedded Finance Review — a content partner for this report. All articles are © their original authors; click any card to open the source.
◇ article2024-12-08
Core banking provider Mambu acquires payment company Numeral
Core banking provider Mambu acquires payment company Numeral to strengthen payment infrastructure and reduce lending dependency. Timing and price unclear.
Source · Embedded Finance Review ↗
Who uses Mambu
57 companies disclose Mambu in their stack
MuamalatAldermoreDineo CreditoGb HeliosMoznPlatcorp GroupBancoestadoNylaCredisenseBrimBrim FinancialJeel+45 more
Buyer mix · 57 of 57 classified
Fintech / Lending · 12Bank / National · 7Fintech / Neobank · 7Fintech / SMB banking · 5Bank / Community · 4Infrastructure / BaaS · 3Infrastructure / Lending · 3Fintech / Cross-border payments · 2
EU · 21APAC · 12UK · 7MENA · 4Africa · 4LATAM · 2
What the disclosures say
Muamalat
“Mambu case study explicitly names Bank Muamalat and ATLAS: 'Bank Muamalat is revolutionising digital banking with ATLAS, Malaysia's newest fully Shari'ah-compliant digital bank, powered by Mambu.' (mambu.com/en/customer/bank-muamalat).”
Aldermore
“IBSIntelligence article at ibsintelligence.com explicitly states 'Mambu and Aldermore Bank enter strategic partnership in the UK', confirming Mambu as Aldermore's core banking platform provider (TIER 1).”
Dineo Credito
“Mambu press release and IBSi Intelligence both confirm Dineo Crédito migrated from its in-house core to Mambu for lending.”
Gb Helios
“Mambu case study at mambu.com/en/customer/gb-helios explicitly names GB Helios and describes migration to Mambu's core banking platform for SME lending; gbhelios.com.sg/products/embedded-financing and gbhelios.com.sg/products/revenue-financing and gbhelios.com.sg/solutions/by-type/smes describe the full product suite.”
Mozn
“Ibsintelligence publicly lists Mozn as a customer partnering with Mambu to boost digital banking in the Middle East: https://ibsintelligence.com/ibsi-news/mozn-partners-with-mambu-to-boost-digital-banking-in-the-middle-east/”
View source · ibsintelligence.com ↗
Platcorp Group
“Mambu publicly lists Platcorp Group as a customer at https://cloud.mambu.com/hubfs/2025/Website-Content/Case-Study-Platcorp-Mambu.pdf and mambu.com/customer/platcorp-group — Mambu provides the cloud lending platform underpinning Platcorp's loan origination and management.”
View source · cloud.mambu.com ↗
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Mambu? Claim this profile above to unlock your own full list.
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What Mambu runs on · from its own dossier
The third-party providers Mambu itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Mambu.
PSP
Mambu Payment Gateway
BaaS
ClearBank
Card Issuing
Marqeta
FX / Payouts
Wise PlatformCurrencycloud
Open Banking
Salt Edge
Accounting API
Codat
FX API
CurrencycloudWise Platform
Full dossier with evidence for each layer →
Alternatives to Mambu

Other Lending providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Affirm64 buyers →klarna54 buyers →YouLend45 buyers →Stripe Capital33 buyers →Wisetack27 buyers →Liberis21 buyers →finmid17 buyers →Afterpay16 buyers →
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Ranked #4 of 259 in Lending — Embedded Finance Index 2026
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Mambu — frequently asked

Which companies use Mambu?

57 companies disclose Mambu in their stack in the Embedded Finance Index 2026, including Muamalat, Aldermore, Dineo Credito, Gb Helios, Mozn, Platcorp Group, Bancoestado, Nyla, Credisense, Brim and 2 others.

What does Mambu do?

Mambu is an embedded-finance provider in BaaS, Lending and Ledger. It ranks #4 of 259 Lending providers by disclosed buyers.

What are the alternatives to Mambu?

The most-disclosed Lending alternatives to Mambu are Affirm (64 buyers), klarna (54 buyers), YouLend (45 buyers), Stripe Capital (33 buyers), Wisetack (27 buyers) and Liberis (21 buyers).

Where is Mambu headquartered?

Mambu is founded in 2011 and headquartered in Amsterdam, Netherlands.

How much funding has Mambu raised?

Mambu has raised $426.8M in total.

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