Banking tech provider Nymbus has announced a $53 million financing round led by Insight partners.
The company will use the funds to expand access to its GROW model which creates new digital revenue streams for banks and credit unions.
“As the pandemic has pushed digital to the forefront, more banks and credit unions have turned to Nymbus as their partner for growth,” said Jeffery Kendall, chief executive and chairman, Nymbus. “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.”
The money will also go towards Nymbus Labs, which is being developed to remove barriers for institutions to “leverage niche digital banks that connect to the communities they serve, create new revenue streams, and innovate.”
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