This week brings a double helping of fintech funding.
Nymbus, a Miami Beach-based provider of banking-as-a-service solutions, received a $15 million investment from London-based Financial Services Capital, which doubled its stake in Nymbus. Nymbus plans to use the funds to expand its banking technology product offerings.
Led by Chairman and CEO Jeffery Kendall, Nymbus enables banks and credit unions of any size to grow and attract new market segments. It delivers 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. The company recently launched Nymbus Labs, which was built o systematically remove barriers for institutions to leverage niche digital banks that connect to the communities they serve, create new revenue streams, and innovate, Nymbus said.
As part of the investment, Matt Wallach, Co-Founder of Veeva Systems, will join as a Strategic Advisor, and Matthew Hansen, Managing Partner at Financial Services Capital, will join Managing Partner Miroslav Boublik on the Nymbus Board of Directors.