Manigo, a London-based fintech infrastructure platform, today announces that it has been acquired by established Fintech investment firm Invex Ventures.
Adding to Invex’s portfolio of fintech solutions – which includes The Minted Edge, TrustXPay, Reconx, NovaGlobal and Minted Connect – the acquisition will strengthen Manigo’s offering in the core banking and vendor orchestration space and will further refine the firm’s platform capabilities.
Offering a turnkey tech solution that enables businesses to launch cards, accounts, and payment services under their own brand, Manigo is well-known in the current fintech landscape. With 23 vendor integrations to date, including ten banking rails providers and three leading issuing processors, the firm services existing clients within the UK, Europe, Saudi Arabia and the Americas.
Manigo serves as a glue that brings together all vendors, ensuring seamless integration and synchronisation across all use cases. Without a platform like Manigo, clients would face a complex, costly process. By leveraging Manigo’s solutions, businesses save approximately £4 million in costs and reduce development time from nearly two years to as little as two months.
Shahid Munir, General Partner of Invex Ventures, comments on the acquisition: “Reflecting our commitment to supporting forward-thinking fintech companies, we’re delighted to bring Manigo on board. We’ve already seen how the company’s innovative SaaS solutions have truly simplified the way businesses can deliver banking and other financial offerings and we are looking forward to working with Manigo and its clients now, and into the future.”
Olya Parafiyanovich, co-founder of Manigo, adds: “With a wide array of specialised solutions, we believe the future of Fintech lies in seamless and resilient infrastructure connectivity. We are on a mission to deliver it to the market. Partnering with an established investment firm with deep experience in technology and fintech starts a new chapter for Manigo, as we shift our focus entirely towards tech enablement. With their support, expertise, and resources, we’re looking forward to multiplying vendor integrations and expanding our global market presence, continuing to simplify Fintech by removing the technology barriers for our clients.”