Alkami Agrees to Acquire MANTL for $400 Million

Alkami Technology announced on February 27, 2025, that it has signed a definitive agreement to acquire MANTL, a fintech specializing in account opening solutions for financial institutions, for an enterprise value of $400 million. The acquisition, expected to close by March 31, 2025, aims to enhance Alkami's digital banking platform and position it as a leading provider in the industry. Alkami will fund the deal with approximately $380 million in cash and restricted stock units valued at $13 million. MANTL's technology is designed to streamline the account opening process, enabling financial institutions to acquire customers more efficiently. Alkami's CEO highlighted that this acquisition, combined with MANTL's capabilities, will create a comprehensive digital sales and service platform. The announcement follows Alkami's strong financial performance in Q4 2024, with significant revenue growth and improved profitability.