Eugene has made the decision to step down after thirteen years at the company for personal reasons. He will continue to play an important role in the future of the business as a member of the Board and is fully supported by Mambu’s Board of Directors, shareholders and the Mambu leadership team.

During Eugene’s tenure, Mambu has transformed the core banking market to emerge as one Europe’s foremost fintech unicorns - reaching a valuation of €4.9 billion following its latest fundraise. He has established himself as an undeniable fintech leader and pioneer, powering both the creation of new fintechs as well as the migration of existing financial institutions onto more modern tech stacks.

Fritz Oidtmann, Chairman of the Mambu Board, said: “We would like to express our sincere gratitude to Eugene for his commitment, vision and dedication to the company he has helped to build from the ground up since 2011. Under his leadership, Mambu has gone from strength to strength to operate across six continents, supporting over 280 customers and serving over 110 million end users with our cloud platform worldwide. We fully respect and support Eugene’s decision to step down and prioritise personal matters at this time.”

The Mambu Board has started a search for a successor. In the meantime, Fernando Zandona, current Chief Product and Technology Officer of Mambu, will take on the role of interim CEO. The company remains committed to strengthening its product offering and enabling customers to build great banking experiences that their customers love; in a faster and more flexible way.

Commenting on his interim appointment, Zandona said: “I’m honoured and humbled by the opportunity to lead Mambu through this transition and appreciative of all the support from the board of directors, Eugene, and my leadership team. Mambu has an immense opportunity to continue disrupting the financial services market and to delight our customers and their customers with better financial experiences.”

As Fernando is a technology and product leader with more than 20 years of experience in various organisations, including Microsoft and Amazon. Fernando joined Mambu in June 2022, moving from Amazon Web Services, where he was the General Manager of AWS Fargate and Amazon Linux.

As CPTO, Fernando has demonstrated exceptional technical expertise and a deep understanding of the fintech landscape. As iCEO, he will drive the execution of strategic initiatives, foster innovation, and focus on delivering exceptional value to customers and partners.

Mambu is grateful for the ongoing support of its customers, partners and stakeholders and is committed to ensuring a smooth and seamless transition. The company remains focused on its core business objectives and is looking forward to continued growth as it enters a new chapter.

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