Nymbus lands $70M to help banks digitally transform

Nymbus, a startup that partners with banks to migrate their legacy stack and launch neobanks to attract new customers, today announced that it raised $70 million in a Series D round led by Insight Partners. The Banc Funds Company and Mendon Venture Partners participated also, as did Nymbus clients ConnectOne Bank and PeoplesBank.
According to CEO Jeffrey Kendall, the new capital will be put toward investing in scaling Jacksonville-based Nymbus’ various products and services, particularly its core transaction processing engine and platform for commercial banking,
“While banks and cr

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