Manigo, the London-based fintech infrastructure platform announces its launch after several years of quietly building a quality, robust product. After testing with clients across Europe and the UK they are now starting projects outside of their initial target markets and have recently launched in the Americas.
The launch comes at an exciting time for Manigo who received investment of $5.3m to-date from several global strategic investors and Family Offices and signed a number of partnerships with businesses in the UK, Europe and the Americas.
This launch comes amidst many reports outlining that challenges have been felt by clients taking on banking-as-a-service (BaaS) providers to enhance their financial offering to their end-customers, with a recent Clearbank report stating that 40% of fintechs who utilised BaaS-like offerings saw services go down, 33% have lost customers, and 20% have faced intervention by the regulator due to BaaS issues.
Manigo is determined to buck the trend. They have created a resilient platform that has several ways for any company – with or without a financial licence – within any industry to launch cards, accounts and payments services under their brand.
This is made possible through Manigo’s all-in-one fintech platform, API suite and fully-managed offering, including white label solutions – if needed – for companies who require a regulatory umbrella. Plus Manigo provides a proprietary core banking and infrastructure platform (also available as an out-of-the-box software solution) for those who already have their own licence but lack the tech, or for large corporates who want to pick and choose the underlying vendors.
Stevan Bajic, CEO and co-founder of Manigo stated: “It’s a huge relief to finally be talking about Manigo after quietly building a robust and fully-rounded platform for the past few years.
We’re beyond thrilled to see our partners and clients using our product and improving their customers’ every day lives. We see many use cases for any business across any industry or geography who can benefit both financially and from a branding or client retention perspective by using a service like Manigo. We are building a platform and brand that stands the test of time and proves that fintech infrastructure can be reliable and have a place at the table when changing people’s financial experiences.”
Recent regulatory changes have put an emphasis on compliance, customer protection and require it to be solved efficiently with tech. Keeping up with regulatory changes can be timely and costly which, along with legacy tech slowing down the current BaaS space, continues to be a huge pain point across the industry. Manigo recognised that many fintechs and financial institutions struggle with this part of building out a tech company, which is why the business offers global licences and program management as part of its offering.
Manigo, a leading fintech infrastructure platform, enables any business – with or without a financial licence – within any industry to launch cards, accounts and payments services under their brand.
This can be done through Manigo’s all-in-one fintech platform, API suite and fully-managed offering, including white label solutions, if needed – for companies who require a regulatory umbrella. Manigo also provides a proprietary core banking and infrastructure platform as an out-of-the-box software solution, for those who already have their own licence but lack the tech, or for large corporates who want to pick and choose the underlying vendors.
In a matter of weeks, anyone can build financial offerings that will delight and retain customers, boost revenues and increase brand loyalty. From backend card and payment processing, to middleware integrations and frontend applications, we continue to be the only global, digital banking enabler in the region that covers the entire value chain.