Mambu raises $266 million

Amsterdam-based fintech start-up designed to help create, launch, and service loan and deposit products Mambu has raised $266 million of Series E venture funding at a $5.5 billion valuation in a deal led by EQT, up from $2.07 billion the company was valued in January this year after a $135 million Series D round.

Founded in 2011, Mambu raised $446 million to date and has more than 200 customers including N26, Raiffeisen Bank, BancoEstado and ABN Amro - that collectively work with some 53 million users in 65 countries.