Founded in 2016, Narmi builds an API-driven digital banking platform that provides consumer and business digital banking, digital account opening, a business account-opening product, and an administrator console for regional and community banks. The company recently launched Narmi Analytics in partnership with Sisense to enable personalized reports and dashboards. Narmi positions itself as middleware that layers services on top of existing banking infrastructure and competes with firms like Yapily, Slink and NovoPayment. Management said the product roadmap includes a business account opening platform launching this summer and continued development of business-banking capabilities. The company declined to disclose revenue; LinkedIn lists about 66 people on staff. Proceeds from the latest round are earmarked for hiring, business-banking product development and supporting middleware API layers.

Total raised

$35M

Funding rounds

1

Latest round

Series B

Latest activity

Jun 2022