Cloud-based core banking vendor Mambu has acquired Paris-based banking aggregation and payment automation platform Numeral.
Following the acquisition, Numeral’s platform will be integrated into Mambu’s core banking offerings as the Dutch firm aims for market expansion and long-term growth.
Mambu CEO Fernando Zandona stated: “This acquisition marks a considered move to deliver a more modern, comprehensive payment offering, which will now be a core 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 providing businesses with advanced capabilities to meet a broad range of needs.”
Founded in 2021, Numeral processes over €10 billion in payments annually and has built a strong presence in Europe, recently expanding its operations to the UK. The firm provides payment infrastructure for several European banks and fintechs, including WorldFirst, Argentex, and Alma, and has established partnerships with financial institutions such as BNP Paribas, Barclays, BPCE, HSBC, and LHV.
Édouard Mandon, co-founder and CEO of Numeral, commented: “By combining our dedicated payments technology with Mambu’s leading cloud banking platform and global customer base, we can help more companies future-proof their payments and ensure compliance, all while simplifying complex payment processes at scale.”
Mambu currently supports over 260 customers in more than 65 countries, including major names like Western Union, Commonwealth Bank of Australia, N26, BancoEstado, Raiffeisen Bank, ABN AMRO, and Bank Islam.
The terms of the transaction have not been disclosed.