Mambu acquires Numeral to enhance payment capabilities

Mambu, a leading cloud banking provider, has acquired Numeral, a Paris-based payment technology provider, in a strategic move to bolster its market position and expand its payment capabilities. The acquisition aims to integrate Numeral's advanced payment solutions into Mambu's core banking offerings, allowing for a seamless and robust payment platform. This collaboration is anticipated to provide significant growth opportunities for Mambu by tapping into wider audience segments, thereby boosting its market share. Mambu's CEO, Fernando Zandona, highlights that Numeral's platform will enable the company to address changing customer demands, enhance existing product lines, and expand market reach. Numeral processes over €10 billion in payments annually, with a presence in Europe, particularly after expanding into the UK market. The deal is set against a backdrop of a robust market opportunity where bank payments in the Eurozone stand at €191 trillion. The integration is expected to provide banks and fintechs with modern, efficient, and real-time payment processing capabilities. This acquisition is part of Mambu's long-term strategy to remain at the forefront of the modern financial services industry.