Cloud banking provider Mambu sees long-serving CEO and co-founder step down

Amsterdam-based cloud banking provider Mambu has announced the immediate departure of its CEO and co-founder Eugene Danilkis for “personal reasons”.

Danilkis has led the company for 13 years, from its founding in 2011 all the way to a valuation of €4.9bn in 2021.

Mambu’s board has started the search for his successor and in the short term has appointed Fernando Zandona, currently chief product and technology officer, as interim CEO.

“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,” said Zandona on his appointment.

Danilkis meanwhile will remain a member of Mambu’s board and his decision to step down is with the support of the board, shareholders and leadership team.

“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,” said Mambu chair Fritz Oidtmann.

“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.”