All Access

Fintech Deals

Standard

Fintech Deals Alerts

Alert

Fintech Deals Thought Bubble

Thought Bubble

mustard

BFD Expert Voices - Private Credit

BFD Expert Voices

Alkami (Nasdaq:ALKT) agreed Thursday to acquire bank digitization startup Mantl for $400 million.

Why it matters: This may well be the largest exit yet in the accounts opening space. 

Driving the news: Last valued around $350 million, Mantl raised funding from investors including CapitalG, Flourish Ventures and Point72 Ventures.

Context: Among other exits, Temenos bought Avoka in 2018 for about $245 million. That same year, NCR acquired Terafina, and in 2014, Bottomline purchased Andera for roughly $47 million at the time.

Zooming in: Alkami, valued at about $3 billion, previously focused on digitizing areas after the bank had already acquired the customer. Buying Mantl brings it in earlier, giving it more control over the process.

Alkami has been emphasizing its cross-selling abilities, which brings up the accounts opening and onboarding interface more often.

Mantl notably also gives banks the ability to open business accounts, which tend to be stickier and more valuable.

Editor's note: This story has been corrected to state Alkami announced the deal on Friday (not Thursday).

Alkami takes Mantl

This may well be the largest exit yet in the accounts opening space.

Illustration of a tiny piggy bank in the shadow of a large bear.

Alkami (Nasdaq:ALKT) agreed Thursday to acquire bank digitization startup Mantl for $400 million.Why it matters: This may well be the largest exit yet in the accounts opening space.

topics

politics-policy

epstein-files

donald-trump

2026-midterm-elections

immigration

behind-the-curtain

race-and-equity

technology

privacy-tech-regulation

automation-and-ai

tiktok-news

big-tech

social-media

cybersecurity

economy

social-security

inflation

tariffs

federal-reserve

transportation

business

c-suite

retail-news

media

elon-musk

dealmaking

health

rfk-jr

drug-prices

axios-explains-abortion

public-health

world

israel

axios-explains-ukraine

iran

russia

china

energy-climate

nuclear-energy

climate-energy-policy

climate-change

extreme-weather

alternative-energy

electric-vehicles

science

emerging-tech

biomedicine

newsletters

charlotte

salt-lake-city

denver

fort-lauderdale

boulder

kansas-city

austin

chicago

dallas

detroit

washington-dc

atlanta

indianapolis

nashville

nw-arkansas

columbus

hollywood

richmond

san-francisco

boston

des-moines

houston

phoenix

miami

philadelphia

seattle

new-orleans

colorado-springs

huntsville

raleigh

san-antonio

twin-cities

pittsburgh

arapahoe

douglas

san-diego

tampa-bay

portland

cleveland

axios-local

axios-pro

axios-live

the-axios-show

Alkami takes Mantl

What to read next