NYMBUS, a U.S. financial service platform provider, announced on Tuesday it secured $12 million through its latest investment round, which was led by Insight Partners and Vensure Enterprises.
NYMBUS claims it provides the world’s most advanced revenue and technology solutions for today’s financial institutions. Its products include digital technology platforms (SmartCore, SmartDigital, and SmartPayments), and SmartLaunch, its full-service, and standalone digital brand alternative.
“NYMBUS’ cloud-based SmartEcosystem allows every size of financial institution to buy back decades of lost time and get to market almost instantly with modern digital-first solutions. It uniquely unifies all of their required banking functions and operational services at a fraction of the time and cost previously available to engage and support the entire digital customer journey.”
NYMBUS noted that the funds from the investment round will be used to support rapid market penetration for the NYMBUS SmartEcosystem. Speaking about the investment, Scott Killoh, CEO and Founder of NYMBUS, noted that the funds “points to confidence and demand” in the marketplace for solutions that financial institutions may deploy in order to “thrive” in a “digital-dependent” world.
“Time is of essence as COVID-19 has amplified this urgency for seamless digital banking experiences. NYMBUS is fortunate to have the proven products and tools in place to make digital transformation immediately available for more banks and credit unions, and with this funding, the financial backing to drive our growth at scale.”
Peter Sobiloff, Manager Director at Insight Partners, added:
“[NYMBUS’] robust pipeline has further been bolstered by COVID-19 due to demand for advanced digital lending and banking services under the CARES Act and its turnkey SmartLenders solution. We are confident in our investment to support an accelerated scale-up and delivery of their solutions for penetrating the market with immediate and future banking success.”