NYMBUS, a provider of banking technology solutions, today announced the appointment of notable financial services advisor Glenn Kim to its Board of Directors.
Mr. Kim is reportedly “a senior executive with over 35 years of experience as a capital markets investment banker, fund manager, financial and policy advisor to governments, financial technology start-up business builder, and private sector advisory board member.”
Jeffery Kendall, Chairman and CEO of Nymbus, said:
“Glenn’s background with global financial organizations will be hugely significant to Nymbus as we continue to build for long-term, sustainable growth. I am excited to welcome such an experienced leader to join our best-in-class board of directors as we continue to set the bar for modern, flexible and scalable banking solutions.”
Mr. Kim has worked closely “with private and public-sector enterprises in both developed and less developed markets across the globe providing independent, objective financial and technical guidance to global financial services enterprises, regulatory entities, and capital markets.”
Kim stated:
“It is an honor to be appointed to the Nymbus board of directors and I look forward to using this opportunity to provide insights and perspectives that complement current board strengths. My goal is to leverage my comprehensive experience in financial markets to position Nymbus for continued success and timely future profitability.”
As noted in the update, Nymbus claims it has “disrupted the financial services market as an alternative to legacy business models.”
With Nymbus, any size financial institution “can quickly launch a full-service digital bank or migrate to our award-winning core.”
Whichever growth strategy is right for you, Nymbus says that it “buys back decades of lost time to engage and support the entire digital customer journey.”
As covered, NYMBUS, a provider of Fintech solutions, is proud to announce the completion of its Series D funding round of $70 million, made up of new and repeat investors.
This investment round was “led by global software investor Insight Partners and bolstered by additional investments from Nymbus clients ConnectOne Bank and PeoplesBank, alongside financial technology investors, The Banc Funds Company and Mendon Venture Partners.”
The announcement comes “on the heels of a previous announcement of strategic investments from Curql Collective, a Credit Union Service Organization (CUSO) driving financial technology innovation for credit unions, via its flagship Curql Fund and Reseda Group, a wholly owned CUSO of MSU Federal Credit Union (MSUFCU), a Nymbus client.”
In conjunction with FT Partners’ advisory role in the funding round, the capital infusion will empower Nymbus “to expedite the expansion and advancement of its modern core system and diverse product portfolio.”
Peter Sobiloff, Managing Director, Insight Partners, said:
“Financial institutions must pivot from traditional revenue models and seize novel opportunities to drive growth in the swiftly shifting financial landscape. Nymbus offers the necessary products and services for these organizations to secure a competitive edge. By shattering the norm, Nymbus’ pioneering approach to niche banking establishes the industry benchmark, concurrently innovating with flexible solutions to deliver enduring value for banks and credit unions. We look forward to endorsing their future ventures in these fields.”