NYMBUS, a leading provider of banking technology solutions, has recently announced that it has secured $70 million in Series D funding. The funding round was led by existing investor Insight Partners, with participation from new investors including Collider Ventures and N26 co-founder Maximilian Tayenthal. This latest funding round brings NYMBUS’ total funding to $98 million.
NYMBUS was founded in 2015 with the aim of providing a modern, cloud-based core banking platform that enables financial institutions to deliver a seamless digital banking experience to their customers. The company’s platform includes a range of features such as account opening, loan origination, and digital banking services that can be customized to meet the specific needs of each financial institution.
The company’s latest funding round comes at a time when the banking industry is undergoing significant transformation due to the COVID-19 pandemic. With more customers turning to digital banking services, financial institutions are under pressure to provide a seamless and secure online banking experience. NYMBUS’ cloud-based platform is designed to help financial institutions meet this challenge by providing a flexible and scalable solution that can be quickly deployed.
In a statement, NYMBUS CEO Jeffery Kendall said, “This latest funding round is a testament to the strength of our platform and the value it provides to financial institutions. We are excited to continue our mission of helping banks and credit unions deliver a modern, digital banking experience to their customers.”
NYMBUS has already made significant strides in the banking industry, with over 200 financial institutions using its platform to provide digital banking services to their customers. The company’s clients include community banks, credit unions, and fintech companies.
The company plans to use the latest funding to accelerate its growth and expand its product offerings. This includes investing in research and development to enhance its platform’s capabilities and developing new products that can help financial institutions better serve their customers.
In conclusion, NYMBUS’ latest funding round is a significant milestone for the company and the banking industry as a whole. With the continued growth of digital banking services, NYMBUS’ cloud-based platform is well-positioned to help financial institutions meet the evolving needs of their customers. As the company continues to innovate and expand its product offerings, it is likely to play an increasingly important role in shaping the future of banking.
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- Source: Plato Data Intelligence.