NYMBUS, a financial services platform, has secured $12m in a growth funding round to address the growing consumer demand for its digital financial services.
The funding round was led by its major shareholders of Insight Partners and Vensure Enterprises.
The Florida-based fintech startup will use the funds to rapidly bring its NYMBUS SmartEcosystem platform to the market for banks and credit unions.
The rising demand for the platform is said to have been triggered by financial institutions’ increasing need to digitize their operations and customer-facing channels to cope up with the digital preferences of consumers.
The NYMBUS SmartEcosystem solution equips financial institutions with digital-first solutions and unifies all their banking operations in lesser time and cost.
NYMBUS founder and CEO Scott Killoh said: “This latest funding points to confidence and demand in the marketplace for innovative solutions that financial institutions can rapidly deploy in order to thrive in a digital-dependent world.
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By GlobalData“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.”
NYMBUS’ other solutions include NYMBUS SmartLaunch, a full-service digital marketing and integrated CRM solution, and NYMBUS SmartLenders for simplifying the Paycheck Protection Program (PPP) loans process for organizations.