BANKING PLATFORM MAMBU RAISES €235 MILLION TO ACCELERATE INVESTMENTS IN INNOVATION

Banking technology platform Mambu, which has a growing presence in Vietnam, has announced a €235 million ($265.9 million) Series E round, which was the largest private financing round for a banking software platform and made it one of the highest-valued B2B software as a service companies founded in Europe.

Myles Bertrand, managing director Asia-Pacific at Mambu, said “This news is tremendously exciting for our Asia-Pacific operations where we have experienced enormous growth since launching in 2017. Mambu Asia-Pacific is tracking to reach 200 per cent on-year growth for 2021, and we are looking to repeat that in 2022 while strengthening our in-country presence in Southeast Asia – particularly Singapore, Vietnam, Thailand, Malaysia, Indonesia, and the Philippines – and sourcing high-level tech talent from right across the region."

He added, “We are also excited about the new innovations and products that this funding will enable our team to roll out on the Mambu platform, especially products that serve a particular customer segment such as our Shariah-compliant banking platform for Islamic banks, or those that help close the gaps between the banked, the unbanked, and the underserved. We will leverage the funding to accelerate our growth and continue to generate positive change across the region.”

“Awareness of Mambu has grown significantly in Vietnam this year, and we will continue to share how Mambu can help Vietnamese banks, financial institutions, and organisations of all kinds to develop digital financial solutions for their customers. We are already working with dynamic and innovative Vietnamese banks like TNEX, Timo, and Cake, and we are excited about helping more banks in the region to transform digitally into the future. We will also be looking to expand our team here in Vietnam, with more talented tech, business development, and customer experience team members,” he added.

With 800 employees globally, Mambu continues to invest in its people and the community, and has a top-decile employee satisfaction score, a progressive flexible work environment with a four-day summer schedule and a bold environmental, social, and governance (ESG) and sustainability strategy for the years ahead.

Mambu will use its fresh funding to further accelerate innovation in its next-generation platform with the ambition of rolling out both new functional as well as technical capabilities. The company will also continue to expand its already-global footprint and customer success model to further support its international customer base which is active across 65 countries today, with specific focus on twelve key markets.

Source: VIR

Related News

BANKING / FINANCE / INSURANCE / TAX

BANKS LAUNCH CROSS-BORDER QR PAYMENTS TO TAP GROWING DIGITAL ECONOMY

Banks are rolling out cross-border QR payment services enabling consumers to make international transactions directly through domestic banking apps to tap into the country’s fast-growing digital economy. The expansion of QR-based payments is gradually reshaping spending habits, reducing reliance on cash and international cards while offering faster and more transparent transactions at points of sale.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM’S SMALL BUSINESSES TOP ASIA‑PACIFIC GROWTH RANKINGS

Vietnamese small businesses posted the strongest performance among 11 Asia Pacific markets in 2025, with 84% reporting growth, up from 82% a year earlier, according to CPA Australia’s small business survey. This momentum is forecast to continue in 2026 with 89% of small businesses expecting to grow on the back of a strong focus on technology, e-commerce, and improved business management.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM’S IMPORTS FROM CHINA TOP US$50 BILLION IN Q1

Vietnam’s imports from China in the first quarter of 2026 surged a staggering 31.6% year-on-year to more than US$50 billion, accounting for around 40% of the country’s total imports, customs data showed. The increase was driven largely by technology goods and industrial equipment. Imports of computers, electronics and components jumped 62.2% to US$16.77 billion, while machinery, equipment, tools and spare parts rose 25% to US$9.72 billion.

Apr 23, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM TARGETS OVER 30 AIRPORTS, 25 RAILWAY LINES BY 2050

Vietnam plans to expand its nationwide civil aviation network to more than 30 airports by 2050, with total capacity reaching 533 million passengers per year. Minister of Construction Tran Hong Minh told the National Assembly on April 20, as the country accelerates decentralization and diversifies funding sources for transport infrastructure.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

FIRST-QUARTER GROWTH HITS RECORD HIGH DESPITE GLOBAL VOLATILITY

According to Dragon Capital, Vietnam’s growth momentum strengthened in March following Lunar New Year normalisation, reinforcing confidence that the expansion remained firmly intact through the first quarter of 2026. GDP grew 7.8 per cent on-year in the first quarter, with industry and construction rising 8.9 per cent and services 8.2 per cent, highlighting that growth is not solely reliant on exports and manufacturing, but is increasingly supported by services and domestic demand.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

FRUIT AND VEGETABLE EXPORTS SURGE ON GLOBAL DEMAND

Việt Nam’s fruit and vegetable exports have made a strong start to the year, with rising shipments and tighter compliance with international standards helping producers tap robust global demand, according to the Vietnam Fruit and Vegetables Association. The association reported export earnings of nearly US$532 million in April, bringing total export value to $2.06 billion in the first four months of the year, up 22 per cent year-on-year.

Apr 23, 2026