NYMBUS – a premier provider of cutting-edge financial technology solutions – announced the completion of its Series D funding round of $70 million, made up of new and repeat investors. This funding 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.
This 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 through its flagship Curql Fund and Reseda Group, a wholly owned CUSO of MSU Federal Credit Union (MSUFCU), a Nymbus client.
In connection 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.
With steadfast support from partners and clients, Nymbus is focused on redefining the future of financial services, fostering growth, and creating unparalleled value for all stakeholders.
KEY QUOTES:
“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.”
— Peter Sobiloff, Managing Director, Insight Partners
“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. 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are a testament to the confidence in Nymbus’ ability to transform the financial services industry by modernizing outdated legacy systems with proven technology and business models that result in growth for our current and future clients.”
— Jeffery Kendall, Chairman and CEO of Nymbus
“We believe in the power of modernization and see our investment in Nymbus as a step towards shaping the future of banking. Nymbus’ cutting-edge solutions and strategic approach align with our mission to provide superior financial services while adapting to the evolving needs of our customers.”
— Brian Canina, Chief Operating Officer and Chief Financial Officer of PeoplesBank
“Forward-thinking innovation and partnership are integral to our philosophy, and Nymbus embodies these values. By investing in Nymbus, we endorse a company that resonates with our ethos, and supports our mission of delivering modern financial services.”
— Siya Vansia, ConnectOne Bank’s Chief Brand & Innovation Officer
“Nymbus is uniquely positioned to further modernize the banking and financial services landscape given its cloud-based solutions, innovative technology and in-depth knowledge of products and services. We’re thrilled to invest in this company, its leadership, and team.”
— Anton Schutz, Founder and Managing Partner of Mendon Venture Partners
“Through our investment in Nymbus, we are helping to shape the future of the industry and driving meaningful impact.”
— Charles J. Moore, President of The Banc Funds Company
