Mantl, a New York based account opening software solution for banks and credit unions, raised $8m in Series A funding.
The round was led by Point72 Ventures, with participation from Endicott Group.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2016 and led by Nathaniel Harley, CEO and co-founder, Mantl provides a software platform that allows banks and credit unions to quickly launch next-generation digital capabilities on top of their existing infrastructure, enabling them to kickstart their digital transformation with limited disruption to their day-to-day processes. Its initial product is an online account opening solution for banks and credit unions to access to more than thirty fintech providers and solutions, such as automated customer due diligence, and open hundreds of thousands of new accounts while also improving the customer experience.
The consumer account opening product leverages the Core Wrapper API – which allows Mantl to integrate with all major core banking systems, such as FIS, Fiserv, Jack Henry, and COCC, as well as third parties in a one-to-many approach.