NYMBUS, a U.S. financial service platform provider, announced on Wednesday it secured $53 million through its Series C funding round, which was led by Insight Partners. As part of this round, AJ Malhotra, Principal at Insight Partners, will join Managing Director Peter Sobiloff on the Nymbus Board of Directors. Jeffery Kendall will assume the title of CEO and Chairman of the Nymbus Board of Directors.
As previously reported, 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 recently secured $12 million through its previous investment round which was led by Insight Partners and Vensure Enterprises. Speaking about the investment round, Jeffery Kendall, CEO and Chairman of Nymbus, stated:
“As the pandemic has pushed digital to the forefront, more banks and credit unions have turned to Nymbus as their partner for growth. 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.”
NYMBUS went on to add that the investment will allow it to continue broadening its solution and service offerings, which includes the soon-to-be-unveiled Nymbus Labs, built and operated to systematically remove barriers for institutions to leverage niche digital banks that connect to the communities they serve, create new revenue streams, and innovate.