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About MANTL
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$138.6M
Headquarters
New York City, New York
Founded
2016
Overview
MANTL provides a platform designed to help financial institutions onboard new and existing customers efficiently. The platform integrates with core banking systems and other fintech solutions, allowing banks to streamline their operations and reduce repetitive processes. By utilizing over 30 data sources, MANTL automates more than 90% of Know Your Customer (KYC) decisions, which helps to minimize the time and effort needed for manual identity verification. Unlike many competitors, MANTL offers flexibility in adjusting risk thresholds, underwriting standards, and product rates, enabling financial institutions to respond quickly to market changes. The goal of MANTL is to enhance the customer onboarding experience while ensuring data security and compliance with industry standards.
Simplify's Take
What believers are saying
- MANTL's entry into the SBA loan market opens new revenue streams.
- Partnerships with banks enhance MANTL's reputation and expand its client base.
- Recognition as a top workplace attracts talent and boosts employee satisfaction.
What critics are saying
- Increased competition in loan origination could impact MANTL's market share.
- Dependency on Effectiv for fraud prevention may pose risks if the partnership ends.
- Remote-first work environment may challenge company culture as MANTL scales.
What makes MANTL unique
- MANTL automates over 90% of KYC decisions, reducing manual review time significantly.
- The platform integrates with all core banking systems, enhancing operational efficiency.
- MANTL offers instant changes to risk thresholds and product rates, providing market adaptability.
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Funding
Total Funding
$138.6M
Above
Industry Average
Funded Over
5 Rounds
BoxGroupBenefits
Health Insurance
Unlimited Paid Time Off
Remote Work Options
Mental Health Support
Wellness Program
Growth & Insights and Company News
6 month growth
↓ -6%1 year growth
↓ -6%2 year growth
↓ -7%Grasshopper bank, Mantl launched digital application for SBA loans in april.
Prophetstown, Ill. - Nov. 6, 2024 - Farmers National Bank, a $870M bank headquartered in Illinois, today announced a partnership with MANTL, a leading provider of account origination solutions, to simplify account opening processes for customers and employees and unlock scalable deposit growth.
"As a supporter of entrepreneurship and small businesses in Arizona, Credit Union West is excited to partner with MANTL on Business Deposit Origination.
UnitedOne Credit Union partners with MANTL to offer a superior member experience in-branch and online.
St. Michael, Minn. - August 1, 2024 - Highland Bank, a $780M bank headquartered in Minnesota, today announced a partnership with MANTL, a leading provider of account origination solutions, to enhance its deposit onboarding experience for businesses and consumers and continue Highland Bank's goal of becoming an industry leader in the digital space.
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About MANTL
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$138.6M
Headquarters
New York City, New York
Founded
2016
MANTL is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today