Numeral provides a platform for managing and reconciling complex financial data across various systems. It standardizes ledger entries and automates the creation of auditable financial records. This service ensures data integrity and accelerates financial reporting cycles for enterprises.
Funding
$14.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Fintechs and banks face significant complexity when integrating with multiple partner banks and navigating diverse European payment schemes. Managing multi-banking, direct debits, and reconciliations across these systems can be inefficient and costly.
Solution
Numeral, now a Mambu company, offers a cloud-native payment infrastructure designed to streamline payment operations for fintechs and banks. The platform provides a universal gateway to connect with partner banks and access various payment schemes through a single API and dashboard. Numeral automates payment processing and reconciliation, enabling users to efficiently manage multi-banking operations and direct debits across European payment systems. By abstracting the complexities of bank integrations and scheme compliance, Numeral allows financial institutions to focus on innovation and growth. The platform's capabilities include managed bank connectivity, processing orchestration, and an integration layer that connects internal systems to all banks through APIs and webhooks.
Target Audience
Numeral's primary customers are fintechs and banks seeking to streamline payment operations, reduce complexity, and accelerate growth across European markets.
Features
- Universal gateway for accessing European payment schemes and banks
- Managed bank connectivity, handling technical maintenance, payment investigations, and scheme updates
- Payment processing orchestration for building custom workflows tailored to specific compliance and business needs
- Integration layer with APIs and webhooks for connecting internal systems to banks
- Automated bank reconciliation across multiple banks
- Support for SEPA, Bacs, and FPS payment schemes
- Verification of Payee (VOP) sandbox for testing and compliance
- Real-time payment processing capabilities