Mambu, an Amsterdam, the Netherlands-based provider of a cloud banking platform, acquired Numeral, a Paris, France-based payment technology provider for banks and fintechs.
The amount of the eel was not disclosed.
The acquisition strengthens Mambu’s position as an industry leader.
Founded in 2021, Numeral is a payment technology provider that offers financial institutions a universal gateway to connect to partner banks and access schemes and a modern payments hub to automate payment processing. The firm processes more than €10 billion in payments annually and has established a strong presence in Europe, having expanded its operations to the UK last year. Launched in 2021, Numeral provides the payment infrastructure for the most innovative European banks and fintechs like WorldFirst, Argentex and Alma and partners with Europe’s leading banks, including BNP Paribas, Barclays, BPCE, HSBC and LHV.
Led by CEO Fernando Zandona, Mambu is a provider of a SaaS cloud banking platform. Launched in 2011, it fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Its composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands.
FinSMEs
05/12/2024