Mambu, a provider of web-based microfinance institution management software, reportedly has received equity investments totaling USD 2 million from Russia-based Runa Capital; Germany-based Point Nine Capital; and its initial investor, Germany-based Kizoo Technology. The breakdown of funds by investor has not been disclosed.
Mambu intends to use the funds to expand its staff, invest in product development and expand its reach globally. Currently, the company provides software-as-a-service to microfinance institutions (MFIs) in emerging markets. Mambu’s current product, Mambu 3.1, supports MFIs in a variety of areas including portfolio management, client tracking, transaction auditing and reporting.
Mambu, which is located in Stuttgart, Germany, serves 70 MFIs in 20 countries.
By Lena Phillips, Research Associate
About Mambu
Mambu is a web-based software application for microfinance institutions (MFIs). It provides functionality such as portfolio management, client tracking, transaction auditing and reporting. Mambu, which is located in Stuttgart, Germany, serves 70 MFIs in 20 countries reaching 200,000 clients.
Sources and Additional Resources:
TheNextWeb.com Article, February 14, 2013, by Jamillah Knowles, “Microfinance software provider Mambu secures $2 million Series A funding to expand globally,” http://thenextweb.com/insider/2013/02/14/microfinance-software-provider-mambu-secures-2-million-series-a-funding-to-expand-globally/
Mambu Blog: “Impact of Financing,” http://blog.mambu.com/?p=760
MicroCapital.org Article, 18 April 2012: “MICROCAPITAL BRIEF: Microfinance Service Provider MicroPlanet Technologies Names Daryl Skoog as Executive Director,” https://www.microcapital.org/microcapital-brief-microfinance-service-provider-microplanet-technologies-names-daryl-skoog-as-executive-director/#more-18386
MicroCapital.org Article, 16 October 2011: “MICROCAPITAL BRIEF: Mambu Online Software-as-a-Service Management Information System (MIS) for Microfinance Institutions Releases Latest Version, Remains Free to Small Lenders,” https://www.microcapital.org/microcapital-brief-mambu-online-software-as-a-service-management-information-system-mis-for-microfinance-institutions-releases-latest-version-remains-free-to-small-lenders/#more-15210
MicroCapital Universe Profile: Mambu, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Mambu
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