Nymbus, a leading provider of innovative financial technology solutions, has successfully raised $70 million in its Series D funding round. The round saw participation from a combination of new and existing investors, including Insight Partners, ConnectOne Bank, PeoplesBank, The Banc Funds Company, Mendon Venture Partners, Curql Collective, and Reseda Group.
This significant funding will enable Nymbus to accelerate the expansion of its modern core system and diverse product portfolio, driving growth and transformation in the financial services industry.
Insight Partners, a global software investor, led the Series D funding round and expressed confidence in Nymbus’ ability to bring new thinking to financial institutions. Nymbus’ approach to niche banking and its flexible solutions have set a benchmark in the industry, empowering banks and credit unions to secure a competitive edge. The company’s pioneering efforts in modernization and its commitment to delivering enduring value were praised by Insight Partners.
Nymbus is dedicated to supporting banks and credit unions by breaking down barriers to growth and providing leading-edge solutions. The latest financing round further strengthens the company’s mission of transforming the financial services industry by modernizing outdated legacy systems with proven technology and business models. Jeffery Kendall, Chairman and CEO of Nymbus, emphasized the company’s determination to help financial institutions thrive in an ever-evolving market.
The strategic investments made by ConnectOne Bank and PeoplesBank reflect their belief in Nymbus’ ability to shape the future of banking through cutting-edge solutions and a strategic approach. The investments align with their commitment to providing superior financial services and adapting to the evolving needs of customers.
Nymbus’ role as a frontrunner in the fintech arena is further solidified by this funding milestone. The company’s forward-thinking innovation and partnerships resonate with its philosophy and mission of delivering modern financial services. By investing in Nymbus, ConnectOne Bank and Mendon Venture Partners endorse a company that shares their values and supports their vision.
Nymbus’ cloud-based solutions, innovative technology, and deep understanding of products and services uniquely position it to modernize the banking and financial services landscape. With support from its partners and clients, Nymbus is poised to redefine the future of financial services, driving growth and creating unparalleled value for all stakeholders.