Mambu Expands Its Market Position Through Strategic Acquisition of Payment Tech Provider Numeral

Mambu's Strategic Acquisition of Numeral

Mambu, a prominent player in the cloud banking sector, has recently acquired Numeral, a rising French payment technology provider. This acquisition is a strategic move aimed at bolstering Mambu's market position and tapping into new growth avenues. With this move, Mambu is set to enhance its offerings, specifically in the payments realm, significantly strengthening its capabilities to serve clients in a rapidly evolving financial landscape.

Founded in 2021, Numeral has distinguished itself in the payment technology domain by providing a universal gateway for financial institutions. This gateway enables them to connect with partner banks and access various schemes, facilitating hassle-free payment processing. This acquisition is not just an addition to Mambu's portfolio; it underlines its commitment to modernizing financial services and addressing the increasing demand for sophisticated payment solutions.

Enhancing Market Opportunities

The integration of Numeral's advanced payment platform into Mambu's core banking solutions is designed to accelerate the development of next-generation financial products. Numeral processes over €10 billion in payments annually, establishing a robust presence in Europe, including recent operations in the UK. By leveraging Numeral's platform, Mambu aims to capture a broader audience while enhancing its overall market share.

Fernando Zandona, Mambu's CEO, elaborated on the acquisition, stating, "This acquisition marks a thoughtful step toward providing a more modern and comprehensive payment offering, which is now an integral part of Mambu's product portfolio. Numeral's advanced payment technology will enable us to address changing client demands, strengthen existing product lines, and expand our market reach while providing businesses with advanced capabilities to meet diverse needs."

Strategic Fit and Value Creation

Mambu believes Numeral was the right choice for this strategic acquisition due to shared values and a proven record of agility within the financial technology space. The combination of Mambu's leading cloud banking platform and Numeral's dedicated payment technology is expected to eliminate the complexities associated with large-scale payments, ensuring future-proof and compliant solutions for businesses.

The payment processing market presents an impressive opportunity. In 2022 alone, the value of bank payments within the eurozone reached an astounding €191 trillion—58 times greater than card payments, which amounted to €3.3 trillion. This expansive market is rapidly evolving in response to the surge in instant payments, highlighting the urgent need for banks to modernize their payment infrastructure. Mambu, through its partnership with Numeral, is well-equipped to capitalize on these market shifts with comprehensive integration capabilities supported by a modular API and a modern dashboard.

Enhancing Customer Experience

By integrating Mambu's banking as a service (BaaS) offerings with Numeral’s payments technology, Mambu aims to optimize end-to-end payment workflows. This integration will support multiple payment methods and provide real-time transaction capabilities, which are essential for enhancing operational efficiency, improving customer experiences, and accelerating time-to-market for innovative financial solutions.

Furthermore, Mambu's clients—both new and existing—will benefit from this integration right away, potentially upgrading their previous payment solutions with enhanced functionalities to better meet their evolving requirements.

Conclusion

As Mambu continues to position itself at the forefront of the cloud banking industry, the acquisition of Numeral is a strategic move set to reinforce its capabilities and expand its footprint in the payment technology market. With robust integrations and current partnerships with major European banks, Mambu is on track to redefine the banking landscape, enabling financial institutions to meet their clients' needs in this fast-paced environment.

For more information about Mambu and its innovative solutions, visit Mambu's website.

About Mambu

Mambu is the world’s only SaaS cloud banking platform. Launched in 2011, it accelerates the design and creation of various financial offerings for banks and financial institutions, ranging from small lenders to fintechs and retail entities. It boasts over 260 clients across 65 countries.

About Numeral

Numeral provides payment technology and enables financial institutions to connect seamlessly with partner banks while automating payment processing, allowing quick product launches and geographical expansion.