Mambu Expands Market Reach by Acquiring Payment Tech Company Numeral to Fuel Future Growth

Mambu's Strategic Acquisition of Numeral: A Game-Changer in Payment Solutions

Mambu, a leading cloud banking platform, has recently taken a significant step towards expanding its market position by acquiring Numeral, a French payment technology provider. This strategic move not only enhances Mambu’s payment capabilities but also aims to unlock a new realm of growth opportunities for the company.

Why Numeral?

Founded in 2021, Numeral quickly emerged as a prominent player in the payment technology sector. It provides banks and fintech companies with a universal gateway to partner banks and access systems, along with a modern payment hub for automating payment processing. This acquisition is set to enrich Mambu's existing core banking offerings with advanced payment solutions, accelerating the development of next-generation financial products.

Fernando Zandona, CEO of Mambu, expressed that this acquisition was a thoughtful decision made to deliver a more modern, comprehensive payment offering. The integration of Numeral’s capabilities is expected to allow Mambu to efficiently respond to changing customer requirements while enhancing existing product lines. This expansion also aims to improve Mambu’s market presence and enable it to deliver advanced features tailored to a variety of business needs.

Zandona further noted that Numeral's agility and proven onboarding processes align perfectly with Mambu's growth mentality, emphasizing the importance of welcoming Numeral's talented team into their fold.

The Market Potential

The market opportunity for banking payments is substantial. In 2022, the value of bank payments in the Eurozone soared to an astonishing €191 trillion, dramatically overshadowing card payments valued at €3.3 trillion. The swift transformation of this vast global market is primarily driven by the increasing demand for instant payments, which serves as a catalyst for modernizing core banking systems and payment platforms.

With its robust bank integrations, modular APIs, and a contemporary dashboard, Numeral’s platform will equip Mambu to capitalize on this market opportunity. Moreover, Mambu will benefit from Numeral’s partnerships with major European banks such as BNP Paribas, Barclays, HSBC, and ABN AMRO.

Édouard Mandon, co-founder and CEO of Numeral, highlighted the persistent challenges businesses face with legacy systems that are ill-equipped for the ongoing revolution in the payment landscape. By uniting their specialized payment technology with Mambu’s leading cloud banking platform, they aim to empower more companies to future-proof their payments while simplifying the complexities associated with payment processing.

Benefits of Integration

The merging of Mambu and Numeral’s advanced payment platform is poised to streamline end-to-end payment workflows for banks, fintechs, and non-financial service providers. This consolidation will enable the support of multiple payment methods and facilitate real-time transaction functionalities, thereby enhancing operational efficiency and improving customer experiences. Furthermore, it holds the potential to accelerate the time-to-market for innovative financial solutions.

Mambu will also retain the flexibility to offer a sophisticated array of payment options, with new and inactive customers able to take advantage from day one. Existing customers with existing payment solutions will have opportunities to upgrade and enhance their offerings.

Conclusion

Mambu's acquisition of Numeral signifies a pivotal shift in its strategic growth trajectory, reinforcing its commitment to delivering superior payment solutions. This acquisition not only aligns with Mambu’s ambition for expansion but also sets a solid foundation for navigating the changing landscape of financial services. With Numeral's cutting-edge technology and Mambu's market expertise, the two companies are set to redefine the payment experience for businesses and consumers alike.