Fin Technologies, Inc
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Fin Technologies, Inc - overview
Established
2016
Location
New York, NY, US
Primary Industry
Financial Services
About
Fin Technologies, Inc, operating under the brand MANTL, provides omnichannel account origination software for banks and credit unions, enhancing the efficiency of consumer and business deposit and loan origination processes. Founded in 2016 and headquartered in New York, US, MANTL specializes in account origination solutions for financial institutions. The firm has successfully completed 7 deals, with its latest round of funding being an Add-on of USD 400. 00 mn from Alkami Technology Inc.
on February 27, 2025. Co-founded by Benjamin Conant, Colin Choi, and Nathaniel Harley, the company has consistently focused on optimizing customer acquisition and operational efficiency for its clients in the banking sector. MANTL specializes in omnichannel account origination software designed for banks and credit unions, facilitating both consumer and business deposit origination as well as loan origination. The company’s integrated platform allows financial institutions to seamlessly transition between online and in-branch services, enhancing operational efficiency and customer experience.
Key functionalities include streamlined account opening, eligibility verification, and digital onboarding processes, which are vital for improving customer acquisition and retention. MANTL’s solutions are utilized by a diverse clientele, including regional banks and credit unions across the United States, aiming to optimize deposit growth and enhance the member experience. The company’s focus on bridging the gap between physical and digital banking channels caters to institutions looking to expand their reach and modernize their service offerings, ultimately addressing the growing demand for flexible banking solutions. MANTL generates revenue through subscription-based pricing models for its core offerings, which include consumer and business deposit origination tools, as well as loan origination solutions.
Financial institutions engage with MANTL under structured agreements that typically involve recurring subscription fees, allowing for continuous access to the software and updates. The pricing plans are designed to align with the size and needs of the institution, ensuring that services can scale with growth. MANTL's flagship products enable banks and credit unions to increase their deposit base and enhance operational efficiency, which in turn drives revenue growth for these financial entities. By streamlining the account origination process, MANTL's solutions facilitate a higher volume of transactions, positively impacting the overall financial performance of its clients.
In February 2025, Alkami Technology Inc. acquired Fin Technologies, Inc. for USD 400. 00 mn, enabling Alkami to establish itself as a key player in the digital sales and service platform space.
The acquisition is expected to enhance MANTL's capacity to onboard, engage, and grow client account bases. The partnership aims to facilitate the development of new products that will broaden MANTL's offerings in the upcoming years, as well as expand into additional markets within the United States, thereby leveraging recent funding to accelerate growth initiatives.
Current Investors
Point72 Asset Management, Endicott Capital, Great Oaks Venture Capital
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software, Customer Relationship Management, Systems Management Software
Website
www.mantl.com
Verticals
FinTech
Company Stage
Add-on
Total Amount Raised
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