1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. New York >
  6. Alkami Acquires MANTL

M&A Deal Summary

Alkami Acquires MANTL

On February 27, 2025, Alkami acquired internet software and services company MANTL from Endicott Capital for 400M USD

Acquisition Highlights
  • This is Alkami’s 1st transaction in the Internet Software and Services sector.
  • This is Alkami’s largest (disclosed) transaction.
  • This is Alkami’s 4th transaction in the United States.
  • This is Alkami’s 1st transaction in New York.

M&A Deal Summary
Date 2025-02-27
Target MANTL
Sector Internet Software and Services
Buyer(s) Alkami
Sellers(s) Endicott Capital
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

MANTL

New York, New York, United States
MANTL is a financial technology firm offering omnichannel account origination software for banks and credit unions. MANTL was founded in 2017 and is based in New York City.

Search 205,240 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Alkami

Plano, Texas, United States
Category Company
Founded 2009
Sector Internet Software and Services
Employees917
Revenue 265M USD (2023)
DESCRIPTION

Alkami provides online and mobile banking solutions for financial institutions in the US. Based in Plano, Texas, the company’s cloud-based digital banking platform delivers unparalleled functionality, security, flexibility, and extensibility with a superior architecture designed for the future of digital banking. With its modern interface, fully hosted business intelligence solution, and customizable feature set, the platform is the ultimate digital banking solution for financial institutions. Alkami was founded in 2009 and is based in Plano, Texas.

DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (New York) 1 of 1
Country (United States) 4 of 4
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 Segmint

Cuyahoga Falls, Ohio, United States

Segmint is a provider of an account and transaction data usable and meaningful for FIs to deepen customer relationships and grow revenues. Segmint is based in Cuyahoga Falls, Ohio.

Buy -

Seller(S) 1

SELLER

Endicott Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

Endicott Group is a private equity firm focused on profitable lower-middle market companies across the US. Endicott Capital invests exclusively in technology-enabled, B2B information services companies. The Firm seeks to make majority or minority investments in businesses with $5 to $50 million in revenue, defensible business models, high barriers to entry, and recurring revenue. Endicott Group was founded in 1996 and is headquartered in New York, New York.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-13 Datassential

Chicago, Illinois, United States

Datassential provides data, intelligence, and market research to the food service industry. Datassential makes the global food industry smarter. Hundreds of food manufacturers, chain restaurants, and major food retailers use its trend software, consumer insights, and cutting-edge AI to innovate and sell more effectively. Datassential was founded in 1999 and is based in Chicago, Illinois.

Buy -
Mergr

Product

Company

Legal