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About MANTL
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Acquired
Total Funding
$542.5M
Headquarters
New York City, New York
Founded
2016
Overview
MANTL provides a platform designed for financial institutions to efficiently onboard new and existing customers. The platform integrates with core banking systems and other fintech solutions, allowing banks to streamline their operations and reduce redundant 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 reviews. Unlike many competitors, MANTL offers flexibility in adjusting risk thresholds, underwriting standards, and product rates, enabling financial institutions to quickly respond to market changes. The goal of MANTL is to enhance the customer onboarding experience while ensuring compliance with data security standards, as evidenced by its recognition as one of the Best Places to Work in Financial Technology.
Simplify's Take
What believers are saying
- Increased demand for digital onboarding boosts MANTL's market potential.
- Open banking trends enhance MANTL's ability to offer personalized services.
- Data security emphasis aligns with MANTL's compliance certifications, attracting more clients.
What critics are saying
- Increased competition may erode MANTL's market share.
- Alkami acquisition could lead to integration challenges affecting efficiency.
- Reliance on multiple data sources exposes MANTL to potential data security risks.
What makes MANTL unique
- MANTL integrates with all core banking systems, enhancing operational efficiency.
- The platform automates over 90% of KYC decisions, reducing manual review time.
- MANTL offers instant changes to risk thresholds and product rates, providing market adaptability.
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Funding
Total Funding
$542.5M
Above
Industry Average
Funded Over
6 Rounds
BoxGroupBenefits
Health Insurance
Unlimited Paid Time Off
Remote Work Options
Mental Health Support
Wellness Program
Growth & Insights and Company News
6 month growth
↑ 10%1 year growth
↑ 10%2 year growth
↑ 4%Peoples Bank partners with MANTL to streamline business and consumer Deposit Origination across all banking channels.
New York-based Mantl - also known as Fin Technologies - has raised more than $96 million in funding over its lifetime, according to PitchBook.
Digital banking services provider Alkami Technology is acquiring Mantl, which has been described as 'the Shopify of account opening,' for $400 million.
Alkami Technology, Inc. announced its acquisition of Fin Technologies, Inc. (MANTL) for an enterprise value of $400 million. The acquisition will be funded with $380 million in cash and $13 million in restricted stock units. MANTL's account opening solutions will enhance Alkami's digital banking platform. The deal is expected to close by March 31, 2025, pending standard conditions.
Combination Creates Powerhouse Digital Sales and Service Platform
MANTL is Hiring for 9 Jobs on Simplify!
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About MANTL
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Acquired
Total Funding
$542.5M
Headquarters
New York City, New York
Founded
2016
MANTL is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to MANTL