TCV led a $134m funding round in Mambu.

TCV, a private equity firms, led a $134m funding round in Mambu, a SaaS banking platform. Tiger Global, Arena Holdings, Bessemer Venture Partners, Runa Capital, and Acton Capital Partners joined the round. “Mambu was one of the first companies to leverage the opportunity to move banking software into the cloud. The team has built a highly composable, truly cloud-native product in a multi-billion dollar, rapidly-growing market traditionally dominated by large, slow-moving on-prem vendors. We have been following Mambu’s progress for many years and are truly delighted to be able to partner with Eugene and the entire Mambu team on their journey to expand their offerings to customers worldwide," John Doran, TCV General Partner.