Alkami Technology, Inc. (ALKT) announced that The Atlantic Federal Credit Union has become the first credit union to go live with its MANTL Loan Origination Platform, marking a significant expansion of Alkami’s loan‑origination capabilities into the credit‑union market.
The MANTL platform delivers a unified, automated process that verifies eligibility and enrolls members in real time, enabling The Atlantic FCU to offer a full suite of consumer loan products—including auto, personal, credit‑card, specialty vehicle, personal lines of credit, and share‑ and certificate‑secured loans—while also positioning the credit union to launch real‑estate lending such as home equity loans and lines of credit in the future.
Alkami’s Q3 2025 results provide context for the milestone: revenue rose 31.5% to $113.0 million, driven by strong demand in its core digital‑banking and onboarding segments, while GAAP net loss widened to $14.8 million from $9.4 million year‑ago, reflecting higher operating expenses associated with scaling the platform. Adjusted EBITDA grew to $16.0 million, up from $8.3 million, underscoring the company’s ability to generate positive cash‑flow‑generating earnings despite the net loss. Management guided 2025 revenue to $442.5 million–$444 million and adjusted EBITDA to $56 million–$57 million, signaling confidence in continued growth as new customers adopt the platform.
CEO Alex Shootman said the launch “completes” Alkami’s Digital Sales and Service Platform, highlighting the company’s focus on delivering end‑to‑end digital experiences for financial institutions. CFO Bryan Hill noted that the partnership “demonstrates the scalability of our solutions and the strong demand from regional and community institutions for integrated onboarding and loan‑origination capabilities.”
The adoption by a credit union expands Alkami’s reach beyond traditional banks, creating cross‑sell opportunities with its existing MANTL onboarding and data‑analytics solutions. It also validates the strategic value of the $400 million MANTL acquisition, which was completed in March 2025, and positions Alkami to capture new revenue streams from a broader segment of the financial‑services market.
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