Cloud banking giant Mambu has announced its acquisition of Paris-based Numeral, a banking aggregation and payment automation platform, as part of its strategy to enhance its core banking offerings and drive global growth.
Mambu plans to integrate Numeral’s technology into its cloud-native banking platform, creating a seamless and comprehensive solution for payment processing.
Fernando Zandona, CEO of Mambu, highlighted the strategic importance of the acquisition:
“Numeral’s advanced payments platform strengthens our product portfolio, expands our market reach, and equips businesses with the capabilities to meet diverse and evolving payment needs.”
Launched in 2021, Numeral processes over €10 billion in annual payments and has secured partnerships with major players, including BNP Paribas, Barclays, and HSBC. Its infrastructure supports a range of European banks and fintechs like WorldFirst, Argentex, and Alma, making it a trusted partner in the region.
Édouard Mandon, CEO and co-founder of Numeral, emphasized the potential of the collaboration:
“With Mambu’s global reach and cloud banking expertise, we can help companies future-proof their payments while simplifying complexity at scale.”
Mambu, which serves over 260 clients in 65+ countries, including Western Union, N26, and ABN AMRO, aims to leverage Numeral’s robust payment automation to stay competitive in the evolving banking and fintech landscape.
Key Takeaways
- Mambu integrates Numeral‘s technology to enhance payment processing capabilities.
- Numeral‘s European expertise will strengthen Mambu’s presence in key markets.
- This move positions Mambu to address increasing demand for modernized, compliant payment solutions.
While the financial terms of the deal remain undisclosed, the acquisition underscores Mambu’s commitment to innovation and its ambition to be a comprehensive financial solutions provider.