Nymbus Raises $70 Million in Series D

by Kay Aloha Villamor in May 26th, 2023

Nymbus, a Jacksonville, Fla-based provider of cutting-edge financial technology solutions, raised $70 million in Series D funding.

The 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 capital infusion will empower Nymbus to expedite the expansion and advancement of its modern core system and diverse product portfolio.

As a reliable ally for banks and credit unions, Nymbus is dedicated to breaking down barriers to growth and providing leading-edge solutions and support. “This latest round of financing positions the company to double down on our mission of bringing new thinking to financial institutions to help them thrive in an ever-evolving market,” said Jeffery Kendall, Chairman and CEO of Nymbus. "These strategic investments are a testament to the confidence in Nymbus' ability to transform the financial services industry by modernizing outdated legacy systems with proven technology and business models that result in growth for our current and future clients.”

With steadfast support from partners and clients, Nymbus is poised to redefine the future of financial services, fostering growth and creating unparalleled value for all stakeholders.

Company: Nymbus, Inc.

Raised: $70.0M

Round: Series D

Funding Month: May 2023

Lead Investors: Insight Partners

Additional Investors: ConnectOne Bank, PeoplesBank, The Banc Funds Company, and Mendon Venture Partners

Company Website: https://nymbus.com/

Software Category: Banking Software

About the Company: Nymbus is a provider of banking technology solutions for financial institutions to innovate and grow. The company developed a core banking software designed to transform the way traditional banks and credit unions support and interact with their customers. The company's software is an all-in-one core processing system with a single sign-on combined with a modern user-friendly interface, enabling financial institutions to automate their workflows and upgrade into a digital banking system, evolving with their customers. 

Source: https://nymbus.com/press/nymbus-raises-70-million-dollar-series-d-funding-bolstered-by-new-and-returning-investors/

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