- The acquisition marks a strategic move by the cloud banking leader to extend its payment capabilities for customers, as Mambu eyes market expansion and accelerated growth in support of long-term plans.
- Numeral’s platform will be integrated into Mambu’s core banking offerings, with advanced payment solutions technology, to accelerate and advance the next generation of financial products.
AMSTERDAM, Dec. 5, 2024 /PRNewswire/ — Mambu, a leading cloud banking platform, has announced the acquisition of Numeral, a French payment technology provider for banks and fintechs.
The acquisition strengthens Mambu’s position as an industry leader, in a move that underscores market confidence and growing demand for modern financial experiences. The addition of advanced payment capabilities represents a significant investment in the next phase of Mambu’s growth as an established market player.
With Numeral’s platform, Mambu is set to drive new value from wider audience segments that will increase its overall share of the market. It also offers a unique strategic fit to the foundation of the cloud banking leader’s long-term expansion efforts.
“This acquisition marks a considered move to deliver a more modern, comprehensive payment offering which is now an integrated part of Mambu’s product portfolio. Numeral’s advanced payments platform will enable us to address changing customer demands, strengthen existing product lines and expand our market reach, while offering businesses advanced capabilities to meet an extensive range of needs.” – Fernando Zandona, CEO at Mambu.
Speaking about why Numeral was the ‘right fit’ for Mambu, Zandona added: “Numeral’s values, proven agility, and robust onboarding processes match perfectly with our growth mindset as a business. We look forward to welcoming their talented team as we unlock new growth opportunities together.”
Founded in 2021, Numeral is a fast-growing 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 Paris-based 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.
The size of the market opportunity for bank payments is striking. In 2022, the value of bank payments in the Eurozone stood at €191 trillion, that is 58x more than card payments (€3.3 trillion). This vast global market is transforming rapidly, driven by the rise of instant payments as a catalyst for modernising core banking and payment platforms. With its robust bank integrations, a modular API and modern dashboard, Numeral’s platform will enable Mambu to capitalise on this market opportunity.
The cloud banking platform will also benefit from Numeral’s roster of partnerships with some of Europe’s leading banks, including BNP Paribas, Barclays, HSBC, and ABN AMRO.
“Payments are at the heart of how companies do business around the world, yet they remain trapped in systems designed decades ago, unfit for the ongoing instant payments revolution,” said Numeral co-founder and CEO, Édouard Mandon. “This is a problem that Mambu intimately understands having helped banks and financial institutions worldwide to migrate from rigid, traditional core systems to agile and adaptable cloud infrastructure. Bringing together our dedicated payments technology with Mambu’s leading cloud banking platform and global customer base, we can enable more companies to make their payments future-proof and ever-compliant while eliminating hidden payment complexity at scale.”
The integration of Mambu and Numeral’s advanced payment platform will enable banks, fintechs, and non-financial service firms to seamlessly manage end-to-end payment workflows, support multiple payment methods, and provide real-time transaction capabilities. This will drive greater operational efficiency, improved customer experiences, and accelerated time-to-market for innovative financial solutions.
Mambu will gain the flexibility to offer an even more sophisticated, readily-available set of payment capabilities. New and not-yet-live customers can take advantage of this from day one, while customers that already have a payment solution in place will have the option to upgrade.
Notes to editors
About Mambu
Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands. Mambu supports over 260 customers in over 65 countries – including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, Raiffeisen Bank, ABN AMRO, and Bank Islam. www.mambu.com
About Numeral
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. Numeral enables fintechs and banks to unlock growth by launching new products and expanding geographically faster, eliminating hidden payment complexity and making their payments future-proof and ever-compliant. 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.
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