- Mambu acquires Numeral to integrate advanced payment infrastructure, enhancing its core banking services and expanding market reach.
- Numeral, processing over €10 billion in payments annually, partners with major banks like BNP Paribas and Barclays, strengthening Mambu’s global offering.
What happened: Mambu acquires French payments platform Numeral
Cloud-based core banking provider Mambu has acquired Numeral, a banking aggregation and payment automation platform headquartered in Paris, France. The acquisition will integrate Numeral’s advanced payment infrastructure into Mambu’s core banking services, supporting the company’s expansion and long-term growth goals.
Mambu’s CEO, Fernando Zandona, highlighted that this move strengthens their payment offerings and helps meet changing customer needs. The integration will enhance Mambu’s product portfolio and expand its market reach.
Numeral, launched in 2021, processes over €10 billion in payments annually and serves several European banks and fintechs, including WorldFirst and Argentex. It has partnerships with major financial institutions such as BNP Paribas, Barclays, and HSBC.
Numeral’s CEO, Édouard Mandon, stated that the combination of their payments technology with Mambu’s global cloud banking platform will allow businesses to simplify payments and stay compliant. Mambu currently serves over 260 clients across 65 countries, including major institutions like Western Union and N26. Terms of the deal were not disclosed.
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Why it is important
The acquisition of French payments platform Numeral by Mambu is a strategic move that significantly enhances Mambu’s core banking services. By integrating Numeral’s advanced payment automation platform, Mambu can better meet the evolving needs of its customers and expand its market reach. As a result, this acquisition positions Mambu for long-term growth and competitive advantage. Numeral’s platform, which processes over €10 billion in payments annually, is already trusted by major European banks and fintechs, including BNP Paribas and Barclays.
Moreover, this acquisition strengthens Mambu’s product portfolio, providing businesses with the tools to simplify payments and ensure compliance. Consequently, Mambu can offer more advanced capabilities and improve its value proposition to clients. Additionally, Numeral’s expertise in payment automation complements Mambu’s cloud banking platform, allowing the company to better serve its global customer base. With this integration, Mambu now serves over 260 clients in 65 countries, including major institutions like Western Union and N26.
