Mambu's APAC expansion to kick off in Singapore

New funding will help expansion to other countries in APAC.

Fintech company and SaaS banking platform Mambu's Asia-Pacific expansion will kick off in Singapore, with its new funding that raised $178.1m in a funding round led by TCV.

Mambu is also looking to expand its market in Japan, Vietnam, Thailand, Indonesia, and Malaysia. 

“We are incredibly excited at what this new funding will mean for Mambu Asia Pacific — it’s a fantastic start to what looks to be an incredible year ahead for Mambu. Digital banking has experienced phenomenal growth over the past 12 months due in no small part to the COVID pandemic, and this funding boost means that we are in a fantastic position to be able to scale rapidly and respond to changing market conditions across the Asia Pacific region,” said Myles Bertrand, Mambu managing director for APAC.