US banking tech provider Nymbus bags $70m Series D funding
US-based banking technology solutions provider Nymbus has secured $70 million in a Series D funding round led by Insight Partners.
The round also saw participation from Nymbus clients ConnectOne Bank and PeoplesBank, alongside fintech investors The Banc Funds Company and Mendon Venture Partners.
The funding follows on from undisclosed strategic investments made by Curql Collective and Reseda Group, wholly owned by MSU Federal Credit Union, a Nymbus client.
Florida-based Nymbus helps financial institutions of any size, including banks and credit unions, launch a full-service digital bank or migrate to its core banking system.
“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,” says Jeffery Kendall, chairman and CEO of Nymbus.
With the new capital infusion, Nymbus plans to expand and advance its core banking system, as well as diversify its product portfolio.