Meniga’s software, known to most Icelanders, is sold to Santander as a white label solution, and will give the banks “building blocks to help speed up development of online banking platforms,” according to Georg Lúðvíksson, co-founder and CEO of Meniga.
Santander is the largest bank in the Eurozone by market value, with over 180,000 employees and almost €1,3 trillion in total assets.
This is Meniga’s largest deal to date, and should, according to an article on Business Insider, help Meniga’s revenue grow about 30-50% over the next couple of years.
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