MANTL Secures $400M to Modernize U.S. Banking for a Digital Future

We are thrilled to announce that MANTL has successfully raised $400,000,000 in new funding, a transformative milestone that reinforces our commitment to modernizing and growing traditional financial institutions. As an enterprise SaaS company with a clear mission to expand access to financial services, this investment will be pivotal in our continued efforts to dismantle the legacy infrastructure that has long hindered the modernization of the U.S. banking system. By leveraging our advanced software, we help banks and credit unions reimagine their cost structures, making growth up to 10 times more cost-effective than constructing traditional brick-and-mortar branches. Our innovative white-labeled account opening platform has redefined customer onboarding by enabling people to open deposit accounts on any device in just about 2 minutes and 37 seconds, thereby driving efficiency and enhancing user experience. Founded originally as a challenger bank, MANTL experienced a pivotal shift when our founders recognized the immense potential of partnering with established banks to deploy our technology at scale. Our solution now plays a crucial role in helping community institutions raise billions of dollars in core deposits each year, underscoring the power of modern digital tools in traditional finance. Headquartered in New York and proudly backed by esteemed investors including Alphabet's CapitalG, Point72Ventures, and D1 Capital Partners, this funding round will support further innovation, accelerated product development, and expanded market reach. As we embark on this exciting new chapter, we are also expanding our team and invite talented professionals who share our vision to join us. For more information about our technology and career opportunities, please visit http://www.mantl.com.