Core banking provider Mambu acquires payment company Numeral
Core banking provider Mambu acquires payment company Numeral to strengthen payment infrastructure and reduce lending dependency. Timing and price unclear.
Dutch core banking provider Mambu has acquired French payment provider Numeral (Fintech Futures).
The acquisition is an excellent fit for Mambu. Mambu is a strong player in the lending infrastructure but, in my opinion, less on the payment side. Thus, the acquisition will likely help them to improve their payment offering and become less dependent on lending projects. That being said, I wonder if this was the ideal outcome for Numeral. The company lists multiple well-known customers and bank partners (Numeral founder on LinkedIn); however, a sale without mentioning a price and just a bit over three years after funding makes you wonder if this was the desired outcome.
Founder of Embedded Finance Review. 10+ years in fintech, including employee #1 at figo (open banking) and first Head of Banking at Weavr. Based in Berlin.
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