NYMBUS, a banking technology innovator, has recently secured $70 million in Series D funding, according to a report by Finovate. The funding round was led by existing investor Insight Partners, with participation from new investors including Collider Ventures and N26 co-founder Maximilian Tayenthal.
NYMBUS is a cloud-based banking platform that provides financial institutions with a suite of digital banking solutions. The platform enables banks and credit unions to offer their customers a range of services, including online and mobile banking, account opening and onboarding, lending, and payments.
The company’s platform is designed to help financial institutions compete with larger banks and fintech startups by providing them with the tools they need to offer modern, digital banking services. NYMBUS’ platform is built on a modern technology stack that enables financial institutions to quickly launch new products and services, and to scale their operations as they grow.
The $70 million in Series D funding will be used to accelerate NYMBUS’ growth and to expand its product offerings. The company plans to use the funding to hire additional staff, invest in research and development, and to expand its sales and marketing efforts.
NYMBUS has seen significant growth in recent years, with the company reporting a 200% increase in revenue in 2020. The company has also added several new customers to its platform, including Valley Bank, First National Bank of Pennsylvania, and BankMD.
The company’s success can be attributed to its focus on providing financial institutions with a modern, cloud-based platform that enables them to offer digital banking services to their customers. With the COVID-19 pandemic accelerating the shift towards digital banking, NYMBUS is well-positioned to continue its growth trajectory in the coming years.
In conclusion, NYMBUS’ recent $70 million Series D funding round is a testament to the company’s success in providing financial institutions with a modern, cloud-based platform for digital banking. With the funding, NYMBUS plans to accelerate its growth and expand its product offerings, positioning the company for continued success in the years to come.
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- Source: Plato Data Intelligence.