Nymbus, a leading provider of banking technology solutions, has announced raising $53 mn in Series C funding led by existing investor Insight Partners.

The FinTech is planning to leverage the finance to empower FIs with expanded access to its unique GROW model, which creates new digital revenue streams for banks and credit unions.

The new financing is Nymbus’ largest investment to-date and follows a year marked by overwhelming demand for the company’s proven alternative to the traditional banking model. The firm, with its complete suite of banking technology, tools and on-demand services, makes digital transformation available to move any size financial institution forward.

“As the pandemic has pushed digital to the forefront, more banks and credit unions have turned to Nymbus as their partner for growth. This new and significant investment validates a confidence in Nymbus to continue transforming the financial services industry with a banking strategy that buys back decades of lost time to speed digital innovation,” said Jeffery Kendall, CEO and Chairman of Nymbus.

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Source: IBS Intelligence

By Pavithra R