Fintech infrastructure builder Manigo scales up

After testing with customers across Europe and the UK they are now starting projects outside their original target markets and have recently launched in America.

The launch comes at an exciting time for Manigo which has received investment of $5.3 million to date from several global strategic investors and Family Offices and signed a number of partnerships with businesses in the UK, Europe and America.

This launch comes amid many reports outlining that challenges have been felt by customers taking on banking-as-a-service (BaaS) providers to improve their financial offerings to end customers, with a recent Clearbank report stating that 40% of fintechs that used BaaS-like offerings saw services go down, 33% have lost customers, and 20% have faced regulatory action due to BaaS issues.

Manigo is determined to buck the trend. They have created a resilient platform that has multiple ways for any business – with or without a financial license – in any industry to launch cards, accounts and payment services under their brand.

This is made possible either through Manigo’s all-in-one fintech platform, API suite and fully managed offerings, including white label solutions – if required – for companies that need a regulatory umbrella. Plus Manigo offers a proprietary core banking and infrastructure platform (also available as an out-of-the-box software solution) for those who already have their own license but lack the technology, or for large enterprises looking to pick and choose their underlying vendors.

Stevan Bajic, CEO and co-founder of Manigo stated: “It is a great relief to finally talk about Manigo after building a robust and fully rounded platform over the last few years. We are incredibly excited to see our partners and customers using our product and improve customers’ everyday lives. We see many use cases for any business across industry or geography that can benefit both financially and from a branding or customer retention perspective by using a service like Manigo. We are building a platform and brand that stands the test of time and proving that fintech infrastructure can be trusted and have a place at the table when changing people’s financial experiences.”

Recent regulatory changes have emphasized compliance, customer protection and require it to be effectively addressed with technology. Keeping up with regulatory changes can be timely and costly, which along with legacy technology slowing down the current BaaS space, continues to be a major pain point in the industry. Manigo acknowledged that many fintechs and financial institutions struggle with this part of building a technology company, which is why the business offers global licensing and program management as part of its offering.

Manigo, a leading fintech infrastructure platform, offers a 360 package for any business that wants to incorporate modern, digital banking products such as cards, accounts and payments into their brand.

This can be done through Manigo’s all-in-one fintech platform, API suite and fully managed offerings, or white label solutions for companies that need a regulatory umbrella. Manigo also offers a proprietary core banking and infrastructure platform as a turnkey software solution, for those who already have their own license but lack the technology, or for large enterprises looking to pick and choose their underlying providers.

In a matter of weeks, anyone can build financial offerings that will delight and retain customers, increase revenue 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 covering the entire value chain.