Mambu Acquires Numeral to Boost Market Position

Mambu, a leading cloud banking platform, has announced its acquisition of Numeral, a French provider of payment technologies. This strategic acquisition aims to enhance Mambu's payment capabilities, aligning with its long-term market expansion and growth objectives. The integration of Numeral's platform into Mambu's core banking offerings will support the next generation of financial products. This move reflects Mambu's commitment to offering modern and comprehensive payment solutions, meeting evolving customer demands, and expanding market reach. Founded in 2021, Numeral has quickly become known for its rapid growth and advanced payment technology, serving major European banks and financial institutions. The acquisition allows Mambu to capitalize on the burgeoning market for banking payments, notably with the increasing significance of instant payments. Mambu and Numeral aim to eliminate complexity in large-scale payments and enhance operational efficiency, thus improving client experience and accelerating the launch of innovative financial solutions. This transaction highlights Mambu's strategy to solidify its leading position in digital banking by integrating a sophisticated and user-friendly payment system, benefiting both new clients and those already equipped with payment solutions.