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Mambu named to the 2020 CB Insights Fintech 250 list

Press releaseby Mambu Communications
2 min read

CB Insights named Mambu to the third annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology.

“We're proud to, once again, recognize the 250 best private fintech companies globally. This year's Fintech 250 represents 25 countries and spans 19 categories -- reimagining everything from retail banking and crypto, to insurance and asset management,” said CB Insights CEO Anand Sanwal. “The previous Fintech 250 class raised more than $22 billion in investor financing and saw more than 20 exits after being recognized, and we expect this year's class will have similar success as they continue to transform how people and businesses spend, save, borrow, and invest their money.”

Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of 16,000 companies, including applicants and nominees, based on several factors. These factors include patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.

"We are honoured to be recognised amongst the most innovative fintech companies," says Eugene Danilkis, Co-founder and CEO of Mambu. "The growing popularity of fintechs and the emergence of new competitors in the market, from new banks like Germany’s N26 or ABN AMRO’s New10, highlights the evolving demands of the customer, as well as the need for flexibility and agility. Our pure SaaS banking platform empowers all financial institutions around the world to move and grow faster while developing a customer first strategy. Mambu is on a mission to help financial providers be better equipped for the future and help make banking better for billions of people."

Established in 2011, Mambu provides a modern cloud-native banking platform and has grown significantly to win over 160 customers globally including ABN AMRO’s New 10, Santander’s Asto, leading venture-backed fintechs N26 and OakNorth, and telcos like Globe Telecom and Orange. Mambu’s flexible API-driven technology provides financial institutions of all sizes with the agility to rapidly design, launch, service and scale their banking and lending portfolio.

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