Proudly starting our 20th year in business, FT Partners is pleased to announce our role advising on two groundbreaking unicorn financing transactions in the first week of 2021 for two of the most exciting FinTech companies! We served as the exclusive financial and strategic advisor to Mambu on its $135 million+ Series D financing at a valuation of over $2 billion, and to Divvy on its $165 million+ Series D financing at a valuation of $1.6 billion.
The Mambu financing was led by TCV with participation from new investors Arena Holding and Tiger Global, as well as existing investors including Acton Capital Partners, Bessemer Venture Partners, and Runa Capital.
Divvy's financing included new investors Hanaco, PayPal Ventures, Schonfeld and Whale Rock as well existing investors NEA, Insight Venture Partners, and Pelion. Both rounds were upsized from initial expectations and were still oversubscribed.
Based in Berlin, Germany, Mambu is a SaaS cloud banking platform empowering its customers to easily and flexibly build and expand their banking products. Mambu is the originator of the composable banking approach, which prioritizes rapid, flexible assembly of independent, best-for-purpose systems. Since launching in May 2011, Mambu has grown its client portfolio to more than 160 banks, FinTech companies, and corporates across more than 50 countries.
Based in Draper, Utah, Divvy has combined seamless expense management software with the world's smartest business credit card, so companies and employees never have to process another expense report. This round validates Divvy's ambition to modernize financial processes by combining credit, vendor, and spend management into a single platform.