Insight Partners, ConnectOne Bank, PeoplesBank, and others invest $70 million in digital transformation firm Nymbus.
Nymbus just raised fresh funding for its mission to help banks replace their legacy tech stacks, as smaller institutions and credit unions fight to stay competitive.
A technology provider for banks just raised a $70 million Series D in a funding round led by Insight Partners.
Nymbus aims to help financial institutions seize the benefits of digital transformation, without needing vast in-house tech resources. Its cloud tools ultimately help banks and credit unions evolve their operations and stay competitive.
“It’s not just about surviving in the current industry; it’s about thriving and transforming it for the better,” chief financial officer Frank McAnally told Insights Distilled. “This urgency is what makes Nymbus’ mission more vital now than ever before.”