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Alkami is buying fintech Mantl for $400M
Digital banking services provider Alkami Technology is acquiring Mantl, which has been described as “the Shopify of account opening,” for $400 million.
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. Alkami told TechCrunch via email the purchase of Mantl “will better allow financial institutions to onboard, engage and grow their account holder bases and attain a sustainable competitive edge.” Mantl pivoted, based on the premise that most community banks and credit unions are critical to maintaining competition and equity in the United States’ financial system.
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