Invex Ventures acquires FinTech infrastructure platform Manigo

By Gloria Methri

Manigo, a London-based FinTech infrastructure platform, has been acquired by FinTech investment firm Invex Ventures.

Adding to Invex’s portfolio of FinTech solutions – which includes The Minted Edge, TrustXPay, Reconx, NovaGlobal and Minted Connect – the acquisition will strengthen Manigo’s offering in the core banking and vendor orchestration space.

Manigo’s turnkey tech solution enables businesses to launch cards, accounts, and payment services under their brand. With 23 vendor integrations to date, including 10 banking rails providers and three leading issuing processors, the firm services existing clients within the UK, Europe, Saudi Arabia and the Americas.

Manigo serves as a glue that connects all vendors, ensuring seamless integration and synchronisation across all use cases. Its solutions help businesses save approximately £4 million in costs and reduce development time from nearly two years to as little as two months.

Shahid Munir, General Partner of Invex Ventures, commented on the acquisition, saying, “Reflecting our commitment to supporting forward-thinking FinTech companies, we’re delighted to bring Manigo on board. We’ve already seen how the company’s innovative SaaS solutions have truly simplified the way businesses can deliver banking and other financial offerings, and we are looking forward to working with Manigo and its clients now and into the future.”

Olya Parafiyanovich, co-founder of Manigo, added, “With a wide array of specialised solutions, we believe the future of FinTech lies in seamless and resilient infrastructure connectivity. We are on a mission to deliver it to the market. Partnering with an established investment firm with deep experience in technology and FinTech starts a new chapter for Manigo as we shift our focus entirely towards tech enablement. With their support, expertise, and resources, we are looking forward to multiplying vendor integrations and expanding our global market presence, continuing to simplify FinTech by removing the technology barriers for our clients.”