Numeral provides a payment-automation platform that connects directly to corporate bank servers and exposes bank accounts as an API, letting customers upload payment files and avoid legacy bank interfaces. The product is positioned neither as an open-banking aggregator nor as banking-as-a-service; it does not offer accounts, IBANs or cards. Numeral sells to fintech, insurtech and real-estate companies and its first customers include Spendesk and Swile. The company also offers a web app for non-technical staff to reconcile payments and adds higher-level features like approval workflows and notifications. Numeral is developing orchestration capabilities to route payments across multiple accounts and actively manage cash balances for customers with accounts in several countries. With the recent funding, the company plans to increase bank integrations (coverage for a dozen banks by end of 2022) and expand its customer base across Europe.

Total raised

$15M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2022