A Swiss private bank made its debut investment in Mbanq by purchasing a note listed on the Düsseldorf Stock Exchange. This marks the first time the Banking-as-a-Service provider has attracted institutional capital since its founding in 2016, breaking a ten-year streak of bootstrapped growth.
How Mbanq’s Platform Stands Out
Mbanq operates behind the scenes, enabling banks, fintechs, and non-financial brands to offer embedded financial services without building core banking infrastructure from scratch. A key feature is its native support for stablecoin processing directly integrated into the core platform. This allows clients to send and receive stablecoins smoothly, without relying on external crypto vendors or add-ons. The stablecoin functionality is fully compliant and live, a rare offering in the BaaS space.
A New Funding Approach Reflects Regulated Market Ambitions
Rather than raising equity through a traditional venture round, Mbanq chose to issue a publicly listed debt note on the Düsseldorf Stock Exchange. This instrument provides liquidity flexibility to the Swiss investor and signals Mbanq’s alignment with regulated capital market frameworks. By 2024, Mbanq projected continued rapid growth, with Annual Recurring Revenue surpassing $20 million and doubling revenue between 2021 and 2022. The company also expanded its tech stack recently by introducing AI capabilities through Mbanq.AI in late 2024.
This development highlights Mbanq’s maturation from a self-funded startup into a regulated financial services infrastructure player attracting serious institutional backing.
