Nymbus raises USD 70m

Date:

Share post:

Nymbus, a provider of banking technology, has completed a USD 70 million Series D funding round, which was led by Insight Partners and included ConnectOne Bank and PeoplesBank as participants.

In order to launch niche banks, migrate legacy stacks, and compete with larger institutions, Nymbus has teamed up with regional banks and credit unions. The money will be used to increase product offerings and hasten growth.

According to Nymbus CEO Jeffery Kendall, “this latest round of financing positions the company to double down on the mission of bringing new thinking to financial institutions and help them thrive in an ever-evolving market.”

Read More: Nymbus raises $70m

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Trading Technologies acquires ATEO to expand its post-trade solutions in global markets

Trading Technologies, a global capital markets technology company, has acquired ATEO SAS, a provider of post-trade solutions for...

Fiserv seeks to acquire Shift4 Payments – Reuters

According to Reuters, Fiserv is competing with Amadeus IT Group for the acquisition of payment processor Shift4 Payments. Shift4,...

Oliver Wyman announces acquisition of Innopay

Oliver Wyman, a management consulting firm and a Marsh McLennan business, has announced the completion of its acquisition...

How FinTech-Bank Partnership Can Redefine Digital Banking

As the digital payment ecosystem evolves, banks recognize the importance of partnering with FinTech companies. However, many of...