Nymbus, a leading provider of financial technology solutions, has announced the culmination of its Series D funding round, amounting to $70m.
The substantial funding round was facilitated by the involvement of both new and repeat investors. Prominent global software investor Insight Partners spearheaded the round, with further contributions coming from Nymbus clients ConnectOne Bank and PeoplesBank, as well as FinTech investors The Banc Funds Company and Mendon Venture Partners.
Nymbus is on a mission to revolutionise the financial services industry, offering cutting-edge solutions to help banks and credit unions overcome growth obstacles. Its ambitious expansion and modernisation strategy is centred around its innovative core system and diverse product portfolio.
The newly acquired funding will be used to expedite this vision, further accelerating the expansion and evolution of Nymbus’ products and services.
Chairman and CEO of Nymbus, Jeffery Kendall, stated, “This latest round of financing positions the company to double down on our mission of bringing new thinking to financial institutions to help them thrive in an ever-evolving market.” He added that the investment reflects confidence in Nymbus’ ability to modernise the sector by replacing outmoded legacy systems with proven technology and business models.
This funding success comes on the heels of strategic investments from Curql Collective and Reseda Group, further highlighting Nymbus’ prominent role in the FinTech sector.
As a disruptive force in the financial services market, Nymbus offers financial institutions of any size the ability to swiftly launch a full-service digital bank or migrate to their award-winning core. The company is poised to redefine the future of financial services, fostering growth and creating unparalleled value for all stakeholders.
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