Mantl, a NYC-based digital account opening solution for banks and credit unions, raised $40m in Series B funding, bringing total funding to $60.7m.
The round was led by Alphabet’s independent growth fund, CapitalG, with participation from D1 Capital Partners, BoxGroup and existing investors Point72 Ventures, Clocktower Technology Ventures and OldSlip Group.
The company intends to use the funds to hire new talent and expand its product suite.
Led by Nathaniel Harley, Co-founder and CEO, Mantl is a fintech company that provides regional and community banks and credit unions with an omni-channel platform to enable people to open accounts from anywhere, on any device and at any time.
Through its flagship account opening software, the company has optimized the consumer onboarding experience for community banks including Cross River Bank, Quontic and Midwest BankCentre.
Mantl is advancing solutions that improve and digitize the onboarding experience for businesses of all sizes, from sole proprietors to complex commercial enterprises.