Alkami is buying fintech Mantl for $400 million

Quick Summary:

Mantl, founded in 2016 by Nathaniel Harley and Benjamin Conant, developed software to make it easier for people to open accounts digitally at community banks and credit unions.

Digital banking services provider Alkami Technology is acquiring Mantl, which has been described as "the Shopify of account opening,” for $400 million.

Its last publicly announced fundraise was in January 2023 – an extension to its Series B round in which it was valued at $345 million post-money, according to PitchBook.

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Article Details

Author / Journalist: Mary Ann Azevedo

Category: Technology

Markets: United States

Topics: Digital banking Fintech Alkami Mantl

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 17:19:10 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 26518481

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