Nymbus, a Miami, FL-based provider of banking technology solutions, raised a $53m financing round.
The round was led by existing investor Insight Partners. As part of this round, AJ Malhotra, Principal at Insight Partners, will join Managing Director Peter Sobiloff on the Nymbus Board of Directors.
The company intends to use the funds to expand its business reach and to continue broadening its solution and service offerings.
Led by Jeffery Kendall, CEO and Chairman, Nymbus provides a suite of tools and on-demand services that enables banks and credit unions of any size to grow and attract new market segments by delivering a full suite of banking technology, including Loan Origination, CRM and Digital, along with the operational resources to launch and run a new digital bank.