MANTL
“Can a best-in-class digital account origination platform for community banks become the unified growth engine for deposits and loans across the entire community banking sector?”
Founded2016
HQJersey City, NJ (New York metro)
FoundersNathaniel Harley, Benjamin Conant
Total raised~$50M+ (pre-acquisition)
Latest roundSeries B, 2022
ValuationAcquired by Alkami Technology for $400M (2025)
IndustryVertical SaaS / Banking Technology
The story
Founded in 2016 as a digital account-opening tool specifically targeting community banks and credit unions — earning the label 'the Shopify of account opening.' The company expanded from consumer deposit origination to business deposit origination, then in December 2024 added loan origination to create a unified front door for all account types. In February 2025, Alkami Technology acquired MANTL for $400M, integrating it into a broader digital banking platform while maintaining it as a distinct business unit.
Product timeline
2016
Founded by Nathaniel Harley and Benjamin Conant to modernize digital account opening for community banks and credit unions.· banking
2022
Raised $40M Series B led by CapitalG to expand digital account origination platform.· banking
2024
Expanded platform to support loan origination alongside deposit origination, creating an all-in-one solution for banks and credit unions.· lending
2025
Acquired by Alkami Technology for $400M; MANTL operates as a distinct business unit with CEO Nathaniel Harley reporting to Alkami CEO Alex Shootman.· acquisition
The stack
2 layers disclosed in MANTL’s embedded-finance stack
Lending
Consumer Deposit OriginationBusiness Deposit OriginationConsumer Loan OriginationBusiness Loan OriginationMANTL Loan Origination (unified deposit and loan platform)
Open banking
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.