Mantl is a technology company.
Mantl has raised $60.3M across 5 funding rounds.
Key people at Mantl.
Mantl has raised $60.3M in total across 5 funding rounds.
Key people at Mantl.
Mantl has raised $60.3M in total across 5 funding rounds.
Mantl's investors include CapitalG, Pareto Holdings, Point72 Ventures, Possible Ventures, PruVen Capital, Didier Valet, Earth and beyond ventures, Sinai Ventures, Vine Ventures LP, AME Cloud Ventures, BITKRAFT Ventures, Brkfst Club.
MANTL is an enterprise SaaS company that provides omnichannel account origination software for banks and credit unions, enabling seamless deposit and loan account openings across digital and in-branch channels.[1][3][4] It serves traditional financial institutions struggling with legacy technology, helping them modernize operations, raise core deposits (over $1B monthly), and open over 1M new accounts while improving customer experiences and reducing fraud through automated KYC/KYB workflows.[2][3][5] The platform solves inefficiencies in account opening by bridging online and offline processes, fueling growth for community banks and credit unions amid rising demand for fintech-like digital banking.[3][4]
Founded in 2016 in New York, MANTL raised $96.22M before being acquired by Alkami Technology in February 2025, positioning it as a key player in financial services tech with 100+ customers and strong momentum in deposit growth.[1][2][3]
MANTL was founded in 2016 in New York, New York, initially as a challenger bank called MyFin before pivoting to partner with traditional banks after an "aha" moment revealed the opportunity to deploy its technology at scale.[1][2] The founders recognized that U.S. banks and credit unions spend nearly $100B annually on technology yet face outdated legacy systems, frustrating consumers expecting digital-first experiences and hindering institutional growth.[3] This insight drove the shift to an enterprise SaaS model focused on deposit origination, quickly gaining traction by helping community institutions compete online and raise billions in core deposits yearly.[2][3]
Early pivotal moments included building an omnichannel platform that unifies in-person and online account opening, attracting over 100 customers and powering 1M+ new accounts as institutions adopted it to overcome legacy challenges.[3]
These features set MANTL apart from competitors like Abrigo, BAFS, and Mambu by emphasizing white-labeled, scalable deposit origination tailored to U.S. community banks/credit unions.[1][5]
MANTL rides the trend of digital transformation in banking, where legacy systems fail to meet consumer demands for seamless, omnichannel experiences amid rising online competition from fintechs.[2][3] Timing is ideal as U.S. financial institutions invest heavily ($100B/year) to modernize, reduce wholesale funding reliance, and expand digitally without physical branches—especially post-2025 acquisition by Alkami, enhancing unified origination amid consolidations.[1][3][7]
Market forces like fraud proliferation, regulatory pressures, and deposit growth needs favor MANTL, influencing the ecosystem by empowering regional players to innovate, acquire out-of-market accounts, and deliver equitable access—proving community institutions can lead global banking evolution.[2][3][5]
Post-acquisition, MANTL will likely deepen Alkami integrations like Plaid for asset verification, accelerating loan/deposit origination and targeting explosive growth in commercial banking.[1][7] Trends such as AI-driven KYC, composable banking, and digital-only brands will shape its path, potentially expanding to more verticals while community banks leverage it against big tech entrants.[4][5]
Its influence may evolve from niche SaaS to core infrastructure for modern banking, sustaining deposit momentum and ecosystem equity as institutions prioritize scalable, fraud-resilient tech—reinforcing its role as a growth engine from challenger origins to enterprise powerhouse.[2][3]
Mantl has raised $60.3M across 5 funding rounds. Most recently, it raised $40.0M Series B in April 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2021 | $40.0M Series B | CapitalG, Pareto Holdings, Point72 Ventures, Possible Ventures, PruVen Capital, Didier Valet | |
| Jul 1, 2020 | $11.0M Series A | Earth and beyond ventures, Point72 Ventures, PruVen Capital, Sinai Ventures, Vine Ventures LP | |
| Feb 1, 2020 | $8.0M Series A | AME Cloud Ventures, BITKRAFT Ventures, Brkfst Club, Kevin Ding, FJ Labs, Fusion Fund, Goodwater Capital, Great Oaks Venture Capital, Hardware Club, Jigsaw VC, KRM Interests LLC, Hans Tung, Pegasus Tech Ventures, Point72 Ventures, Primitive Ventures, PruVen Capital, Tiger Global Management, UpHonest Capital | |
| Nov 1, 2016 | $1.0M Seed | 2048 Ventures, Earth and beyond ventures, Foundry Group, RTP Ventures, Sinai Ventures, Techstars, Vine Ventures LP, Esther Dyson | |
| May 1, 2016 | $300K Seed | 2048 Ventures, Winklevoss Capital |
