JERSEY CITY, N.J.--()--MANTL, a leading provider of account origination solutions, today announced that its customer base grew to over 150 banks and credit unions in 2024. The company’s 49% year-over-year (YOY) customer growth is a testament to the overwhelming success that banks and credit unions are achieving with MANTL.

“With the widespread adoption of our business and in-branch account opening solutions and our expansion into loan origination, 2024 was a pivotal year for MANTL,” said Nathaniel Harley, co-founder and CEO of MANTL. “Seeing the MANTL community grow to encompass 150 banks and credit unions is a significant milestone, and we’ve been inspired to watch them reach new asset sizes, pursue geographic and market expansion, and unlock new revenue streams throughout 2024. As we look to 2025 and beyond, our team is dedicated to helping banks and credit unions build deeper relationships with the communities they serve.”

MANTL ended the year on a high note, setting a record in Q4 2024 for the number of new clients signed and existing client relationships expanded. Key MANTL achievements in 2024 include:

Record year for deposit growth and back-office efficiency

In 2024, MANTL helped banks and credit unions raise nearly $10B of new deposits on the MANTL platform in a competitive deposit landscape. MANTL also saved banks and credit unions more than 350,000 hours on account opening across nearly 1 million processed applications. This enabled MANTL partners to focus on what matters most: the human side of banking and building deeper relationships with their customers and community.

Business Deposit Origination sales skyrocket

Business Deposit Origination sales soared in 2024, increasing 161% YOY, as banks and credit unions target SMB and commercial account growth and leverage technology to efficiently grow, serve, and deepen relationships with businesses.

“MANTL is addressing the urgent need in the market for automated, seamless business deposit account opening,” said David Carlson, VP of Sales at MANTL. “We’ve automated critical steps in the business account opening process, unlocking meaningful efficiencies for our clients and a better experience for their customers. The average time to open a business deposit account on the MANTL platform was just 7.5 minutes in 2024. Business account opening is nuanced, but it doesn’t have to be difficult with the right technology and processes in place.”

Deeper impact on the credit union market

MANTL expanded its position in the credit union market, growing credit union sales by 53% YOY in 2024.

“We are excited to build on our momentum in the credit union space in 2025 as we continue to execute on our shared ethos: people helping people,” said Carlson. “The credit union market is embracing innovation and recognizes the powerful impact technology can have on member experience and growth.”

MANTL branch network triples as adoption increases

The number of bank and credit union branches that are using MANTL increased by more than 3X in 2024. Driven by in-branch adoption, the number of MANTL active monthly console users also grew by 119% YOY.

“MANTL is focused on bridging the gap between online channels and the branch, and transforming how accounts are opened in person,” said Dan Milgrom, Chief Customer Officer at MANTL. “This includes empowering our customers to overcome change management challenges and navigate a successful technology rollout to their branch network. Our implementation team provides the support, training infrastructure, and best-practice guidance to help banks and credit unions boost employee adoption and achieve a quick time-to-value.”

Significant product expansion facilitates superior relationship banking

2024 was a pivotal year for product expansion at MANTL. The company launched Business Deposit Origination for credit unions in September 2024 and announced a strategic expansion into loans in December 2024. MANTL Loan Origination will meet the industry demand for a unified solution for loan and deposit origination and empower banks and credit unions to scale consumer and business loan growth while benefiting from underwriting automation and enhanced back-office efficiency.

Leveraging its continuous delivery model, MANTL also released dozens of new features, integrations, and enhancements, including Negotiable Interest Rates and Regional Products.

“2024 was a milestone year for MANTL’s product roadmap and company journey in becoming the industry’s first Relationship Banking Platform,” said Benjamin Conant, co-founder and Chief Technology Officer at MANTL. “The product decisions we made have been validated and rewarded by our clients’ success and outcomes. Our team is hyper-focused on unlocking new growth opportunities and creating efficiencies that pave the way for better relationship banking in 2025.”

Strategic Additions to C-Suite

For a third consecutive year, MANTL was named one of the Best Places to Work in Financial Technology in 2024. MANTL made strategic hires in 2024, including appointing Meghan Ryan as Chief Financial Officer and Christina Miller as Chief Operating Officer. Both leaders bring decades of experience to the company. Prior to joining MANTL, Meghan served in finance leadership roles at Affirm and Treasury Prime, and Christina held legal and operational leadership roles at Affirm, Caribou, and Tenet, and software company Amperity. To learn about open positions and join our growing team, please visit our careers page.

MANTL will attend Bank Director’s 2025 Acquire or be Acquired conference in Arizona from January 26 to 28, 2025. For more information or to book a meeting at the event, please visit our event page.

For more information on MANTL or to schedule a demo, please visit: www.mantl.com.

About MANTL

MANTL is a financial technology firm offering the industry’s first Relationship Banking Platform. MANTL’s unified account origination technology empowers banks and credit unions to seamlessly open loan and deposit accounts on any banking channel in real time. MANTL Deposit Origination is among the fastest and most performant solutions on the market; consumers can open a new deposit account in under three minutes, businesses can open a new deposit account in under 10 minutes, and MANTL customers raise billions in core deposits each month. MANTL Loan Origination simplifies each step in the loan process, automating up to 100% of loan application decisions to ensure a smooth, high-quality experience from personal loans to business financing. Founded in 2016, MANTL is a privately held company headquartered in New Jersey with the backing of prominent venture capital investors. For more information, visit mantl.com or follow MANTL on LinkedIn.