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

Rhea-AI Summary

MANTL, an Alkami (NASDAQ:ALKT) solution team specializing in deposit account opening technology, reported that its clients have raised over $3 billion in deposits from existing banking relationships during the first half of 2025. The company's platform facilitated the opening of nearly 130,000 deposit accounts with an average funding amount exceeding $24,000.

Nine financial institutions each generated more than $100 million in deposits from existing account holders. MANTL's Deposit Origination platform streamlines the account opening process for existing customers, leveraging real-time data and actionable insights to help financial institutions strengthen customer relationships and drive sustainable growth.

Positive

• Clients raised over $3B in deposits in just 6 months
• Average funding amount per account exceeded $24,000
• Nine institutions each generated over $100M in deposits
• Platform opened nearly 130,000 deposit accounts from existing customers

Negative

• None.

Insights

FinTech Industry Analyst

Alkami's MANTL solution shows strong market traction with $3B in deposits processed, demonstrating effective cross-selling capabilities in banking technology.

The announcement that MANTL clients have raised over $3 billion in deposits in just six months represents a significant validation of Alkami's technology strategy. With nearly 130,000 deposit accounts opened and an impressive average funding amount exceeding $24,000 per account, the platform is demonstrating exceptional efficiency in helping financial institutions leverage their existing customer relationships.

The metrics revealed in this release are particularly noteworthy: nine institutions each generating over $100 million in deposits from existing account holders shows the scalability of the solution across various sized institutions. This performance metric is crucial in today's banking environment where deposit acquisition costs continue to rise and customer retention has become a strategic priority.

MANTL's focus on streamlining the process for existing banking relationships to open additional accounts addresses a critical pain point in the industry. Financial institutions historically struggle with cross-selling efficiency, and technology that can convert single-product customers into multi-product relationships directly impacts revenue and profitability.

For Alkami, this performance data serves as compelling evidence of product-market fit and the value proposition of their MANTL acquisition. In the competitive banking technology space, solutions that demonstrably help financial institutions generate deposits without the high customer acquisition costs of new relationship onboarding provide measurable ROI that can accelerate sales cycles and improve client retention.

This milestone underscores how financial institutions can unlock cost-effective, sustainable growth by deepening customer and member relationships with MANTL

PLANO, Texas, Sept. 16, 2025 /PRNewswire/ -- MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, today announced that its clients raised over $3B in deposits with existing banking relationships in the first half of 2025. This achievement highlights the significant opportunity financial institutions have to achieve low-cost, sustainable growth by strengthening customer and member relationships and driving banking primacy with omnichannel account opening technology.

In just six months, MANTL clients opened nearly 130,000 deposit accounts from existing customers and members, with an average funding amount exceeding $24,000. Notably, nine institutions generated more than $100 million in deposits each from existing account holders in the first half of 2025, demonstrating how banks and credit unions can leverage MANTL to activate existing banking relationships and drive sustainable growth at scale.

"MANTL clients are on track to raise more deposits in 2025 than any other year," said Nathaniel Harley, co-founder and president of MANTL, and chief revenue officer at Alkami. "MANTL built its reputation as the industry's most powerful growth engine by helping institutions raise hundreds of millions in net new deposits quickly and efficiently. However, in today's highly competitive deposit environment, retaining deposits and expanding existing banking relationships are just as crucial as acquiring new customers and members. MANTL is redefining relationship banking, and helping financial institutions grow smarter, by giving banks and credit unions the technology and data-rich insights to transform existing account holders into deeper, more profitable relationships."

MANTL Deposit Origination streamlines the process for existing banking customers and members to open new accounts in just a few clicks. Powered by real-time data and actionable insights, MANTL enables financial institutions to activate their banking relationships, increase lifetime value, and achieve a more cost-effective path to deposit growth than traditional acquisition strategies.

"MANTL enhances ConnectOne Bank's ability to deliver a truly best-in-class relationship banking experience to our clients," said Steve Primiano, chief corporate development officer at ConnectOne Bank. "Efficiency is core to our culture, and MANTL empowers us to stay both efficient and agile as we scale. MANTL supports our strategic growth as we expand into new geographies and markets, launch new verticals, and deepen existing customer relationships."

MANTL is hosting an upcoming webinar, "Turning existing relationships into results: $3B in 6 months," on Wednesday, Sept. 17 at 1:00 p.m. CT. This webinar will feature ConnectOne Bank's Steve Primiano and David Carlson, vice president of sales at MANTL, for a powerful discussion on how ConnectOne Bank is supercharging deposit growth by leveraging an omnichannel deposit strategy to activate its existing customer base. To hear firsthand from a MANTL client on best practices to deepen customer relationships, register here.

For more information about MANTL or to schedule a demo, click here.

About MANTL
MANTL is an Alkami solution team that offers unified account origination technology, empowering banks and credit unions to open loan and deposit accounts seamlessly 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 five minutes, businesses can open a new deposit account in under 10 minutes, and MANTL customers raise billions in core deposits. MANTL Loan Origination simplifies each step in the loan process, automating up to 100% of loan application decisions to ensure an intuitive, feature-rich experience from personal loans to business financing. Founded in 2016, MANTL was acquired in March 2025 by Alkami Technology, Inc. (Nasdaq: ALKT), a leading cloud-based digital banking solutions provider for financial institutions in the U.S. For more information, visit mantl.com or follow MANTL on LinkedIn.

Media Relations Contacts
Vested
alkami@fullyvested.com

Marla Pieton
marla.pieton@alkami.com

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SOURCE Alkami Technology, Inc.

FAQ

How much in deposits did MANTL clients raise in the first half of 2025?

MANTL clients raised over $3 billion in deposits from existing banking relationships in the first half of 2025.

What was the average deposit amount for accounts opened through MANTL's platform?

The average funding amount for accounts opened through MANTL exceeded $24,000.

How many financial institutions generated over $100M in deposits using MANTL?

Nine institutions each generated more than $100 million in deposits from existing account holders in the first half of 2025.

How many deposit accounts did MANTL clients open in the first half of 2025?

MANTL clients opened nearly 130,000 deposit accounts from existing customers and members in the first half of 2025.

When is MANTL hosting its webinar about relationship banking results?

MANTL is hosting the webinar 'Turning existing relationships into results: $3B in 6 months' on Wednesday, September 17 at 1:00 p.m. CT.