Apiture, a prominent digital banking solutions provider, has successfully closed a significant $10m fundraising round.
This latest financial boost was led by funds and accounts advised by T. Rowe Price Investment Management, Inc., with additional contributions from several existing investors.
The new capital influx raises the firm’s total funding to an impressive $79 million since the company was founded in 2017. Specialising in offering advanced digital banking platforms, Apiture has made a notable impact in the financial sector, primarily serving over 300 banks and credit unions across the United States.
The firm plans to channel this fresh capital into accelerating its product development initiatives. The company also aims to expand its sales and marketing strategies, responding to the growing demand for its Apiture Digital Banking Platform. This move is expected to strengthen Apiture’s position in the competitive FinTech market.
Chris Babcock, CEO of Apiture, emphasised the company’s commitment to innovation in the FinTech space. “Apiture is relentlessly focused on delivering best-in-class digital banking solutions through continuous innovation and integrations with best-of-breed fintechs,” he stated. He expressed gratitude towards the investors for their unwavering support and confidence, especially highlighting the contributions of T. Rowe Price Investment Management, Inc., Live Oak Bank, Pinnacle Financial Partners, and Truist Ventures.
This latest round of funding not only underscores Apiture’s growth trajectory but also marks a significant milestone in its journey. It reflects the investor community’s trust in Apiture’s vision and strategy for reshaping digital banking.
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