Mambu acquires French PayTech provider Numeral

By Gloria Methri

Mambu, a cloud banking platform, has announced the acquisition of Numeral, a payment technology provider for banks and FinTechs.

With Numeral’s platform, Mambu aims to drive new value from wider audience segments that will increase its overall share of the market. It also offers a strategic fit to the foundation of the cloud banking firm’s long-term expansion efforts.

“This acquisition marks a considered move to deliver a more modern, comprehensive payment offering, which is now an integrated part of Mambu’s product portfolio. Numeral’s advanced payments platform will enable us to address changing customer demands, strengthen existing product lines and expand our market reach while offering businesses advanced capabilities to meet an extensive range of needs,” said Fernando Zandona, CEO of Mambu.

Founded in 2021, Numeral offers financial institutions a universal gateway to connect to partner banks and access schemes and a modern payments hub to automate processing. The Paris-based firm processes more than €10 billion in payments annually and has established a strong presence in Europe, having expanded its operations to the UK last year.

With its robust bank integrations, a modular API and a modern dashboard, Numeral’s platform will enable Mambu to capitalise on this market opportunity. The cloud banking platform will also benefit from Numeral’s roster of partnerships with some of the leading banks, including BNP Paribas, Barclays, HSBC, and ABN AMRO.

“Payments are at the heart of how companies do business around the world, yet they remain trapped in systems designed decades ago, unfit for the ongoing instant payments revolution. This is a problem that Mambu intimately understands, having helped banks and financial institutions worldwide to migrate from rigid, traditional core systems to agile and adaptable cloud infrastructure,” said Édouard Mandon, Co-founder and CEO of  Numeral

He continued, “Bringing together our dedicated payments technology with Mambu’s cloud banking platform and global customer base, we can enable more companies to make their payments future-proof and ever-compliant while eliminating hidden payment complexity at scale.”

The integration of Mambu and Numeral’s advanced payment platform will enable banks, FinTechs, and non-financial service firms to seamlessly manage end-to-end payment workflows, support multiple payment methods, and provide real-time transaction capabilities. This will drive greater operational efficiency, improved customer experiences, and accelerated time-to-market for innovative financial solutions.

Mambu will gain the flexibility to offer an even more sophisticated, readily available set of payment capabilities. New and not-yet-live customers can take advantage of this from day one, while customers who already have a payment solution in place will have the option to upgrade.