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MANTL

Onboarding automation platform for financial institutions

Overview

MANTL builds a platform for banks and other financial institutions to onboard customers quickly and securely. The system connects directly with core banking systems and popular fintech tools, pulling data from 30+ sources to automate most KYC checks and reduce the need for manual reviews. It is typically priced as a subscription and lets institutions instantly adjust risk thresholds, underwriting standards, product rates, and mix to respond to market changes. What sets MANTL apart is its broad integrations, high level of KYC automation, and live risk-management controls, all backed by data-security certifications (SOC 1, SOC 2 Type II, PCI DSS) and recognition as a Best Place to Work in Financial Technology. The goal is to streamline onboarding, cut friction, and securely scale customer onboarding for financial institutions.

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About MANTL

Simplify's Rating
Why MANTL is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise SoftwareFintech

Company Size

51-200

Company Stage

Acquired

Total Funding

$142.5M

Headquarters

New York City, New York

Founded

2016

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Simplify's Take

What believers are saying

  • Provident Bank went live across 135 branches in September 2026.
  • MANTL clients raised over $3 billion in deposits during first-half 2025.
  • In-branch volume hit nearly 90,000 monthly bookings in 2026, signaling accelerating demand.

What critics are saying

  • Alkami bought MANTL for $380 million, so acquisition integration pressure dominates 2026.
  • MeridianLink and Plaid integrations commoditize onboarding, squeezing pricing and shortening sales cycles.
  • If banks standardize on core vendors like Alkami, standalone MANTL differentiation disappears by 2027.

What makes MANTL unique

  • Alkami’s MANTL unifies branch, digital, and loan origination on one platform.
  • Plaid Layer integration cuts onboarding to one minute for eligible institutions.
  • MANTL powers omnichannel account opening across all 50 states and 1 million branch applications.

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Funding

Total Funding

$142.5M

Above

Industry Average

Funded Over

8 Rounds

Notable Investors:
Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Unlimited Paid Time Off
  • Remote Work Options
  • Mental Health Support
  • Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

1%

2 year growth

0%
PR Newswire
Oct 14th, 2026
City First Bank partners with MANTL to advance its nationwide growth strategy.

City First Bank partners with MANTL to advance its nationwide growth strategy. Oct 14, 2026, 10:00 ET D.C.-based bank goes live with MANTL to expand customer acquisition, strengthen relationship banking, and support long-term growth PLANO, Texas, Oct. 14, 2026 /PRNewswire/ - Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced that City First Bank has selected MANTL Onboarding & Account Opening to modernize its retail account opening across its physical and digital banking channels. City First Bank will leverage the full omnichannel suite of MANTL solutions to create a more seamless account opening experience, equip relationship managers with more efficient workflows, and establish a scalable foundation for expanding beyond its traditional footprint. By implementing MANTL Retail Account Opening, the bank is investing in technology that supports sustainable growth while continuing to deliver the level of service its customers expect. "At City First Bank, making banking accessible starts at the front door. Today that door is digital. Partnership with MANTL means our community can open an account in minutes from anywhere, without encountering obstacles," said Brian Argrett, president and chief executive officer at City First Bank. "It is a simple change that makes a huge difference in helping people save, grow, and build their financial future." City First continues to lead with its mission at the forefront. As a Community Development Financial Institution (CDFI), Minority Depository Institution (MDI), Certified B Corporation, Public Benefit Corporation (PBC) and member of the National Bankers Association, City First Bank is reinforcing its commitment to investing in innovative technology like MANTL that expands financial access for the communities it serves throughout Washington, D.C., Los Angeles, and beyond. As the bank continues expanding its reach, MANTL will help City First Bank reach more customers nationwide by delivering a modern account opening experience that preserves the personalized service that differentiates the institution. "Today's financial institutions need technology that helps them grow relationships, expand into new markets, and create omnichannel experiences that differentiate their institution," said Benjamin Conant, chief product officer at Alkami. "City First Bank has a clear vision for growth while remaining deeply committed to its mission and the communities it serves. We're excited to partner with their team as they execute that vision with an omnichannel account opening experience that supports deposit growth, strengthens relationship banking, and positions the bank for long-term success." With MANTL, City First Bank will be able to automate more than 85% of application decisions, including Know Your Customer (KYC), Anti-Money Laundering (AML), and Bank Secrecy Act (BSA) checks, as well as product setup, funding, and core booking, reducing manual intervention and increasing operational efficiency. About Alkami Alkami provides a digital sales and service platform for U.S. banks and credit unions. Our unified Platform integrates onboarding, digital banking, and data and marketing - each solution can stand alone, but together they deliver more - to help institutions onboard, engage, and grow relationships. As the future shifts toward Anticipatory Banking, we help data-informed bankers meet the moment with technology that drives action. About City First Bank City First Bank offers a variety of commercial real estate loan products, services, and depository accounts that support investments in affordable housing, small businesses, and nonprofit community facilities located within underinvested neighborhoods. City First Bank is a Community Development Financial Institution, Certified B Corp, and a member of the Global Alliance of Banking on Values. The Bank and the City First network of nonprofits, City First Enterprises, Homes By CFE, and City First Foundation, represent the City First branded family of community development financial institutions, which offer a robust lending and deposit platform. SOURCE Alkami Technology, Inc.

Renascence
Oct 4th, 2026
Provident Bank rolls out MANTL account opening at 135 branches.

Provident Bank rolls out MANTL account opening at 135 branches. Provident Bank has gone live with MANTL's digital account opening platform across all 135 branches, unifying business and retail onboarding onto a single system. What happened. Provident Bank has completed the rollout of MANTL's digital account opening platform across its entire branch network, enabling both business and retail customers to open accounts through the new system at all 135 locations. The go-live marks the bank's shift to a unified digital origination workflow spanning its full footprint rather than a phased or partial deployment. The move brings Provident Bank's in-branch and digital account opening processes onto a single platform for both commercial and consumer segments, replacing what would typically be separate or more manual onboarding paths with a standardised, technology-led workflow. Why it matters. Account opening remains one of the highest-friction moments in retail and business banking - the point where paperwork, identity verification and back-office handoffs most often cause abandonment or delay. Moving both business and retail onboarding onto one digital platform, across an entire branch network simultaneously, signals that Provident Bank is treating origination as a core operating-model upgrade rather than a channel-specific fix. For banking leaders more broadly, this is a reminder that digital transformation in financial services increasingly happens at the infrastructure layer - the systems staff use behind the counter - rather than purely in customer-facing apps. A platform that standardises account opening across 135 branches also standardises the employee experience of selling and servicing new accounts, which has downstream effects on consistency, compliance and speed that customers ultimately feel. By the numbers. * 135 branches are now live on the new account opening platform. * Two account opening workflows - business and retail - have been unified on the same system. The renascence take. Account opening is often treated as a back-office technology decision, but it is really a behavioral design problem: every extra form, verification step or branch-specific inconsistency is a point where a customer's intent can cool before the account is actually funded. A full-network go-live, rather than a staged pilot, suggests Provident Bank wanted to remove variability between branches in one move rather than let old and new processes coexist. What's easy to miss here is that the real customer experience win isn't the platform itself - it's the elimination of inconsistency. Most banks don't lose accounts because their onboarding is slow; they lose them because the experience differs depending on which branch, which banker, or which channel a customer happens to use. A single origination system across 135 branches removes that variance, which does more for conversion and trust than any single feature improvement. Operators modernising account opening should treat consistency, not speed alone, as the metric that matters most. This briefing was written by its Newsdesk, synthesising reporting from the outlets below. Follow the links for the original coverage. Questions Renascence get on this topic. Provident Bank completed a full rollout of MANTL's digital account opening platform across its entire 135-branch network, covering both business and retail customers. More in Banking Stay ahead of CX Get the signal, not the noise. The stories shaping customer experience - plus the Journal and Experience Loom - in your inbox.

PR Newswire
Sep 24th, 2026
Provident Bank goes live with MANTL Business and Retail Account Opening across its 135-branch network.

Provident Bank goes live with MANTL Business and Retail Account Opening across its 135-branch network. Sep 24, 2026, 10:00 ET More than 800 team members at the $25B+ bank have adopted MANTL to drive growth, efficiency, and better customer experiences PLANO, Texas, Sept. 24, 2026 /PRNewswire/ - Alkami Technology, Inc. (Nasdaq: ALKT), a digital sales and service platform provider for financial institutions in the U.S., today announced that Provident Bank (Provident) is live with MANTL Business Account Opening and Retail Account Opening across its 135-branch network. With MANTL, the $25B+ bank is unifying its physical and digital banking channels to drive growth, improve operational efficiency, and modernize the team member and customer experience. Provident Bank partnered with MANTL to create a true integrated account opening strategy built on one Platform rather than separate systems for digital and branch channels. Today, Provident Bank is live online and in-branch, with more than 800 team members using MANTL to open business and retail accounts in the branch. Provident Bank's unified approach reduces the complexity of navigating multiple systems and gives team members more time to build human emotional connections and growth opportunities. By combining its digital and branch capabilities on MANTL, Provident Bank is setting a new standard for relationship banking - delivering a highly competitive, convenient account opening experience that meets modern customer expectations, wherever and however they choose to engage. Provident Bank supports a broad range of account types on MANTL including minor accounts and individual retirement accounts (IRAs) that can be opened online and in-branch, while branch team members can open more complex specialty accounts, such as personal and business fiduciary accounts, revocable and irrevocable trust accounts, estate accounts, and escrow accounts. Bringing these account types onto MANTL enables Provident Bank to serve a wide range of customer needs through modernized, standardized workflows while creating a more efficient experience for team members and customers. "Our partnership with MANTL is built on a shared vision and a strong level of trust in how technology can enhance the customer experience," said Scott Hurlbert, senior vice president, digital channels director at Provident Bank. "By bringing our digital and branch account opening capabilities together on one Platform, we're creating a competitive advantage for Provident while making the experience simpler and more consistent for both our customers and our team members. Just as important, we're investing in our people by giving them the technology, training, and tools they need to be there for our customers whenever and however they choose to engage with us, whether online, in a branch or through our contact center." The implementation extended beyond deploying new technology, with partnership, training, and change management at the center of the launch. From day one, Provident evaluated and refined its existing account opening processes, applying MANTL best practices to simplify workflows rather than replicate legacy processes on a new platform. MANTL and Provident worked closely to support change management and foster team adoption, developing a customized training environment and delivering strategic training and enablement for employees across the organization. "Provident Bank took a team member- and customer-first approach to modernizing account opening," said Benjamin Conant, chief product officer at Alkami. "By unifying business and retail account openings online and across 135 branches with MANTL, Provident Bank is giving more than 800 team members a simpler, more consistent way to serve applicants. This is how financial institutions turn the branch into a connected growth driver - equipping team members with more time and capacity to build relationships while delivering consistent experiences across channels." Provident Bank completed the MANTL account opening implementation alongside a core system conversion. Together, these two large strategic initiatives highlight Provident Bank's commitment to the customer experience and providing access to best-in-class banking solutions. Provident Bank's launch comes as financial institutions nationwide accelerate their investment in in-branch account opening. In 2026, in-branch account opening has become MANTL's highest-volume growth channel, reaching nearly 90,000 booked applications in a single month. This momentum underscores the opportunity for financial institutions to modernize existing branch infrastructure, connect it with digital channels and create scalable growth opportunities while improving team member and customer experiences. To learn how MANTL can transform your account opening process and empower your team, visit here. About Alkami Alkami provides a digital sales and service platform for U.S. banks and credit unions. Our unified Platform integrates onboarding, digital banking, and data and marketing - each solution can stand alone, but together they deliver more - to help institutions onboard, engage, and grow relationships. As the future shifts toward Anticipatory Banking, we help data-informed bankers meet the moment with technology that drives action. About Provident Bank Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE: PFS). With assets of $25.66 billion as of June 30, 2026, Provident Bank offers a wide range of customized financial solutions for businesses and consumers with an exceptional customer experience delivered through its convenient network of 135 branches across New Jersey and parts of New York and Pennsylvania, via mobile and online banking, and from its customer contact center. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. To learn more about Provident Bank, go to www.provident.bank or call our customer contact center at 800.448.7768. SOURCE Alkami Technology, Inc.

PR Newswire
Sep 15th, 2026
Embers Credit Union cuts loan application time in half with MANTL platform

Embers Credit Union, based in Marquette, Michigan, has launched MANTL Loan Origination to modernise its lending operations. The credit union, which has $630 million in assets, is expanding its existing relationship with MANTL after raising nearly $28 million in deposits through the platform. MANTL Loan Origination has reduced the time loan officers spend on credit card applications by up to half during pilot testing. Embers initially deployed the system for credit card origination in branches and plans to expand to auto, personal, and recreational vehicle loans both online and in-branch. The credit union was part of MANTL's initial development partner group, which included more than 10 financial institutions that provided feedback during product development.

MANTL
Jun 17th, 2026
Dupaco Community Credit Union achieves 300% increase in new retail member accounts opened online and raises $138 million in deposits with MANTL.

Dupaco Community Credit Union achieves 300% increase in new retail member accounts opened online and raises $138 million in deposits with MANTL. The Iowa-based credit union more than doubled its 2025 growth goal, streamlined account opening across every channel, and saved more than 4,194 staff hours PLANO, Texas - June 17, 2026 - Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced that Dupaco Community Credit Union (Dupaco), headquartered in Iowa, is accelerating deposit growth, improving operational efficiency, and delivering a modern member experience with MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology. By implementing a unified omnichannel account opening strategy across retail and business onboarding, Dupaco achieved a 300% increase in new retail member accounts opened online, raised more than $138 million in deposits, and saved over 4,194 staff hours previously spent on manual, in-branch account opening processes. As competition from digital-first banks and fintechs intensifies, Dupaco is proving that credit unions can not only compete, but lead, in the digital era. A new case study reveals that Dupaco more than doubled its annual growth goal for 2025 by the end of the third quarter, and a top source of new deposits entering the institution were from a leading fintech. The case study highlights Dupaco's success in winning deposits, deepening relationships, and competing effectively in an industry that is experiencing continuous evolution. "Our world is changing at a rapid pace, and member expectations have shifted," said Tami Brandenburg, vice president, member service at Dupaco. "To attract younger members and stay relevant, we have to meet people where they are, and they're embracing digital banking experiences and convenience." Seeking to create a single, consistent account opening experience across every channel, Dupaco selected MANTL to serve as one front door for deposits across retail and business account types - in branch, online, and in the field. With MANTL, Dupaco replaced a fragmented onboarding process that relied on seven separate screens and three disconnected systems with a single platform capable of supporting a broad range of account types, including business and specialty accounts, IRAs, and safe deposit boxes. "This partnership has fueled growth across every channel and delivered institution-wide operational efficiency, empowering our teams to focus more on serving members and less on managing expensive manual processes," Brandenburg said. "Dupaco is redefining what the branch experience can be, turning it into a fast, fully digital, and deeply consultative environment. By eliminating complexity and digitizing critical workflows, they've unlocked extraordinary efficiency while delivering the modern, member-first experience today's consumers expect," said Dan Milgrom, vice president and chief customer officer, Solutions Group at Alkami. To learn more about the Alkami Digital Sales & Service Platform, visit here. To request a demo, visit here. About Alkami Alkami provides a digital sales and service platform for U.S. banks and credit unions. Its unified Platform integrates onboarding, digital banking, and data and marketing - each solution can stand alone, but together they deliver more - to help institutions onboard, engage, and grow relationships. As the future shifts toward Anticipatory Banking, Mantl help data-informed bankers meet the moment with technology that drives action. About Dupaco Community Credit Union Dupaco Community Credit Union is a not-for-profit, member-owned financial cooperative headquartered in Dubuque, Iowa. It is dedicated to the financial well-being of its members, and specializes in personalized financial counseling, money advice and education. It offers savings, loans, investments, insurance and wealth management products for individuals and businesses. Dupaco serves residents in 118 counties throughout Iowa, northwest Illinois and southwest Wisconsin. Founded in 1948 by ten Dubuque Packing Company employees, membership has grown to more than 179,000 with assets exceeding $3.6 billion. It has over 600 employees and 22 branch office locations. Learn more at www.dupaco.com.

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