Friday, May 14, 2021

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Mantl: Raises $40M in Series B Funding

  • Mantl, a NYC-based digital account opening solution for banks and credit unions, raised $40m in Series B funding, bringing total funding to $60.7m
  • The round was led by Alphabet’s independent growth fund, CapitalG, with participation from D1 Capital Partners, BoxGroup and existing investors Point72 Ventures, Clocktower Technology Ventures and OldSlip Group
  • The company also intends to use the funds to hire new talent and expand its product suite
  • Mantl is a fintech company that also provides regional and community banks and credit unions with an omni-channel platform to enable people to open accounts from anywhere
  • Through its flagship account opening software, the company has optimized the consumer onboarding experience for community banks including Cross River Bank, Quontic and Midwest BankCentre
  • Mantl is advancing solutions that improve and digitize the onboarding experience for businesses of all sizes, from sole proprietors to complex commercial enterprises

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