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Mambu's Strategic Acquisition of Numeral

In a significant move to bolster its market presence, Mambu, a leading cloud banking platform, has announced its acquisition of Numeral, a French payment technology provider. This strategic acquisition not only enhances Mambu’s payment capabilities but also positions the company to tap into new growth opportunities in the fast-evolving financial technology landscape.

Overview of the Acquisition

Founded in 2011, Mambu has been at the forefront of cloud banking solutions, providing a robust platform for various financial institutions. With the integration of Numeral, Mambu aims to further enhance its core banking offerings by incorporating advanced payment technologies that can drive innovation and efficiency for its clients. This acquisition marks a pivotal step in Mambu’s long-term growth strategy, reflecting the increasing market demand for modern financial experiences.

Fernando Zandona, CEO of Mambu, emphasized the thoughtful evolution that this acquisition represents, stating, “The advanced payment platform offered by Numeral will allow us to respond to changing customer demands, enhance our existing product lines, and expand our market reach.” This integration promises to create a comprehensive payment solution that meets the diverse needs of Mambu's client base.

The Significance of Numeral

Numeral is known for its rapid growth and innovative approach to payment technology. Established in 2021, the company serves as a universal gateway for financial institutions to connect with partner banks and access systems for payments automation. By processing over €10 billion in payments annually, Numeral has established a strong footprint in the European market, expanding its reach to countries like the UK.

The opportunity presented by the banking payment market is tremendous. In 2022, the total value of banking payments in the Eurozone was an astonishing €191 trillion, dwarfing card payments at just €3.3 trillion. The rapidly transforming global payments landscape, driven by the rise of instant payments, underscores the need for modern banking and payment platforms. Mambu stands poised to leverage Numeral’s robust API and innovative integrations to capitalize on this lucrative market.

Mambu's cloud banking platform is further enhanced by Numeral's extensive partnerships with major European banks including BNP Paribas, Barclays, HSBC, and ABN AMRO. These collaborations will facilitate smoother integration and comprehensive service offerings for Mambu’s clients.

Addressing Modern Payment Challenges

“Payments are fundamental to how businesses operate globally, yet many are still trapped in legacy systems that are ill-equipped for the ongoing revolution in instant payments,” noted Édouard Mandon, co-founder and CEO of Numeral. He continued, “Mambu deeply understands this issue, having assisted banks and financial institutions in transitioning from rigid, traditional core systems to agile, cloud-based infrastructures. Together, we can resolve the complexities of large-scale payments and pave the way for sustainable and compliant payment solutions.”

This strategic union is set to empower banks, fintechs, and non-financial service companies alike, allowing them to manage end-to-end payment flows seamlessly, support multiple payment methods, and provide real-time transaction capabilities. By enhancing operational efficiency and improving customer experiences, Mambu and Numeral are on track to expedite the rollout of innovative financial solutions.

Looking Ahead

The integration allows Mambu to offer a refined suite of payment solutions that will be readily available for both new and existing clients. As Mambu continues to evolve its product offerings, the company aims to not only meet the current needs of its users but also anticipate future trends in the financial services industry.

In summary, the acquisition of Numeral by Mambu signifies a major development in the fintech arena, one that aims to deliver cutting-edge payment technologies and solutions to financial institutions across Europe and beyond. Mambu’s commitment to innovation and customer-centric service positions it as a powerful player in the rapidly changing landscape of cloud banking and payment solutions.

About Mambu

Mambu is the world’s only true cloud banking SaaS platform, designed to accelerate the design and construction of virtually any financial offering for banks of all sizes, lenders, fintechs, telcos, and more. With a composable approach, Mambu allows independent components, systems, and connectors to be assembled in any configuration to meet business needs and user demands. Mambu serves over 260 clients across more than 65 countries, including renowned institutions like Western Union, Commonwealth Bank of Australia, and N26.

About Numeral

Numeral is a rapidly growing payment technology provider that enables financial institutions to connect seamlessly to partner banks and access systems while automating payment processing. Founded in 2021, Numeral’s innovative payment infrastructure supports the most forward-thinking banks and fintechs in Europe, helping them unlock growth through streamlined operations and compliance in their payment solutions.