Nymbus raises $3m hot off the heels of previous round

Digital banking technology developer Nymbus has raised a further $3m in funding, coming just months after it closed a $53m investment.

The fresh equity injection was supplied by OFG Ventures, a subsidiary of Puerto Rico-headquartered financial holding company OFG Bancorp.

With the capital, the FinTech company plans to meet the rising demand for its services.

Nymbus claims its technology empowers banks and credit unions to create new products, routes to market and revenue streams.

Its banking-as-a-service technology provides a client with all they need to operate a full-scale digital bank. Clients can use the platform to implement onboarding and lending services as well as CRM.

Nymbus chairman and CEO Jeffery Kendall said, “Our mission has remained steadfast to help financial institutions of any size succeed with impactful, intentional innovation.

“OFG Ventures’ investment is an added vote-of-confidence to the value our strategy brings to an industry widely in need of immediate and sustainable business growth opportunities.”

The company previously raised $53m in February 2021 from Insight Partners. At the time, the company said the capital was earmarked to expand its product suite, including its Nymbus Labs service, which helps financial institutions connect with communities.

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