Commerzbank's corporate venturing unit co-led the series B round, which will be used to expand Mambu's team and fund international growth.
Germany-based cloud banking platform developer Mambu has raised €8m ($8.7m) in a series B round that included CommerzVentures, the strategic investment arm of financial services firm Commerzbank.
CommerzVentures co-led the round with growth equity fund Acton Capital Partners, while additional capital was provided by Mambu’s existing investors.
Mambu’s technology enables financial institutions to build and launch consumer and business banking services online.
The round will fund the growth of Mambu’s commercial team, as well as the enhancement of its platform…
