MANTL Clients Raise Over $3 Billion in Deposits From Existing Banking Relationships in Six Months

Core Insights - MANTL's clients raised over $3 billion in deposits in the first half of 2025, showcasing the potential for financial institutions to achieve sustainable growth through enhanced customer relationships [1][2] - Nearly 130,000 deposit accounts were opened by MANTL clients from existing customers, with an average funding amount exceeding $24,000 [2] - Nine institutions generated over $100 million in deposits each from existing account holders, indicating the effectiveness of MANTL's technology in activating existing banking relationships [2][3] Company Overview - MANTL is a leading provider of loan and deposit account opening technology, recently acquired by Alkami Technology, Inc. in March 2025 [6] - The company offers a unified account origination technology that allows banks and credit unions to open accounts seamlessly across various channels in real time [6] - MANTL's solutions enable consumers to open new deposit accounts in under five minutes and businesses in under ten minutes, significantly enhancing the efficiency of the account opening process [6] Strategic Growth - MANTL is redefining relationship banking by providing financial institutions with technology and data insights to deepen existing customer relationships and increase lifetime value [3] - The company emphasizes the importance of retaining deposits and expanding existing banking relationships in a competitive deposit environment [3] - MANTL's Deposit Origination streamlines the account opening process for existing customers, offering a more cost-effective path to deposit growth compared to traditional acquisition strategies [3] Upcoming Events - MANTL is hosting a webinar titled "Turning existing relationships into results: $3B in 6 months" on September 17, featuring discussions on leveraging an omnichannel deposit strategy to enhance deposit growth [4]