- Mantl, a NYC-based digital account opening solution for banks and credit unions, raised $40m in Series B funding, bringing total funding to $60.7m
- The round was led by Alphabet’s independent growth fund, CapitalG, with participation from D1 Capital Partners, BoxGroup and existing investors Point72 Ventures, Clocktower Technology Ventures and OldSlip Group
- The company also intends to use the funds to hire new talent and expand its product suite
- Mantl is a fintech company that also provides regional and community banks and credit unions with an omni-channel platform to enable people to open accounts from anywhere
- Through its flagship account opening software, the company has optimized the consumer onboarding experience for community banks including Cross River Bank, Quontic and Midwest BankCentre
- Mantl is advancing solutions that improve and digitize the onboarding experience for businesses of all sizes, from sole proprietors to complex commercial enterprises
