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