MANTL Named to the 2021 CB Insights Fintech 250 List of Top Fintech Startups

MANTL honored for the second consecutive year in the core banking and infrastructure category

NEW YORK — Oct. 6, 2021 — CB Insights today named MANTL, a leading digital account opening solution for community banks and credit unions, to the fourth annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. MANTL was recognized for a second consecutive year for its achievements in the core banking and infrastructure category.

MANTL modernizes the legacy infrastructure that hinders access to digital banking and helps community banks and credit unions raise billions of dollars in core deposits each year. MANTL facilitates real-time integrations with all major core banking systems, allowing future software to read and write to the core through MANTL’s API. Through this process, MANTL transforms the cost structures of community banks and credit unions and empowers growth that is four times more efficient and 78% faster.

“MANTL is delivering on our mission to expand access to financial services by helping community financial institutions — many of which are competing online for the first time — establish efficient and profitable digital operations,” said Nathaniel Harley, co-founder and CEO of MANTL. “We understand core banking systems better than the people who built them and we are able to help community banks and credit unions achieve neobank-levels of efficiency as a result.”

Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.

“This is the fourth class of the Fintech 250, and it’s also the most international, representing 26 countries.  These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities across 19 sectors, including digital banking, insurance, payroll, retail investing, and more,” said CB Insights CEO Anand Sanwal. “After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired. They also went on to raise over $25B in additional financing and forged more than 380 new partnerships after being recognized. The Fintech 250 has a history of spotlighting the very best fintech companies, and this year is no different. We’re excited to see how these fintech startups disrupt and transform financial services in the years ahead.”

Fintech 250 2021: Investment Highlights

• Unicorns: 118 of the 250 companies (47%) are valued at or above $1B as of their latest funding round.
• Funding trends: In 2021 year-to-date (YTD), these 250 private companies have raised $40.3B in equity funding across 275 deals (as of 9/14/21).
• Mega-rounds: Since 2020, there have been 178 mega-round ($100M+) equity investments to this year’s Fintech 250, with 138 of them in 2021 YTD.
• Global representation: 36% of the 2021 Fintech 250 are based outside the US. After the US, the UK is home to the most Fintech 250 companies (25), followed by India (12). This year’s winners are based in 26 countries, including France, Brazil, Germany, Indonesia, and Nigeria.
• Top VC investor: Ribbit Capital is the most active investor in this year’s Fintech 250 companies, having invested in 62 deals since 2016. Since 2019, Ribbit has participated in 41 deals with this cohort of companies, including to Nubank, Uala, Brex, Vouch, Razorpay, and BharatPe. Tiger Global Management and Accel were close behind with 57 and 55 deals, respectively.

This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City. MANTL was recently recognized as one of the Best Places to Work in New York City by Crain’s and won the 2021 Finovate award for the Best Back-Office/Core Services Solution. 

To learn more about MANTL or schedule a demo, please visit www.mantl.com.

About MANTL: 

MANTL is a banking technology firm offering the leading account opening software. Our platform empowers regional and community banks and credit unions to grow up to 78% faster. These institutions play a critical role in our economy and we’re passionate about preserving that. Founded in 2016, MANTL’s customers have raised billions in core deposits to date. MANTL is a privately held company headquartered in New York with the backing of prominent venture capital investors. For more information, visit www.mantl.com.

Media Contact

Jackie Daane, PR Manager

press@mantl.com  

About CB Insights

CB Insights builds software that enables the world’s best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.