Nymbus offers an end-to-end suite of cloud-born fintech products for credit unions, including niche digital-brand launches, an SMB banking platform with positive pay, bulk ACH, wires and invoicing, and a flexible API-first core (Nymbus Core). The company also provides online and mobile banking experiences, streamlined digital account opening, and automated loan origination to modernize legacy credit union technology stacks. Nymbus positions its Launch service to create branded digital institutions targeted at specific member communities, citing examples such as Collegiate and AlumniFi. The firm is actively partnering with credit unions to expand deposit growth and small-business services via embedded banking workflows. Last year Nymbus completed a $70 million Series D round, and it recently secured a strategic investment from Gesa Credit Union to support growth. The company is presented from Jacksonville, Fla., and says the new partnership will enable the launch of a new digital financial-institution brand in the coming months. Nymbus builds a cloud-based core banking platform and partners with banks to migrate legacy stacks and launch neobanks. Its product suite includes core processing, loan origination, account opening, digital channels, API access, event-driven alerting, robotic process automation and a unified data stream for analytics. The company offers a modular, fully managed digital bank solution that banks and credit unions can integrate to modernize operations, reduce costs and speed time to market. Nymbus plans to use new capital to scale its various products and services, particularly its core transaction processing engine and commercial banking platform. Co-founded in 2015, the company is Jacksonville-based and has around 200 full-time staffers and contractors. CEO Jeffrey Kendall declined to disclose the number of customers and projected recurring revenue when asked. Nymbus positions itself against legacy core providers and other BaaS vendors by emphasizing ease of maintenance, operational resources and speed to market. Nymbus offers an integrated suite of banking technology and operational resources to build and run full-scale digital banks. Its Banking-as-a-Service (BaaS) model lets institutions skip core conversions and avoid hiring extensive additional resources. Nymbus Labs provides award-winning support that leads marketing efforts through intentional branding and comprehensive data. The product suite includes Loan Origination, CRM and Digital capabilities alongside operational services to launch and run new digital banks. Nymbus positions client institutions to move to market quickly with speed, flexibility and a focus on meaningful growth. The company recently secured financing to support demand for its model and further accelerate digital innovation for banks and credit unions. Nymbus provides banking technology and a Banking-as-a-Service model that helps banks and credit unions launch and operate digital banks, offering products such as Loan Origination, CRM and Digital. The company supplies the people, processes and technology needed to stand up a digital organization quickly. Nymbus CUSO was founded in March 2021 to connect credit unions with trusted fintech offerings, simplify technology delivery and enable new digital revenue opportunities. Management says it plans to amplify credit-union capabilities and extend reach into new niche segments. The business will use recent funding to accelerate development of the Nymbus CUSO platform and expand adoption across credit unions. No operating metrics (revenue or user counts) are disclosed in the article. Nymbus provides a full suite of banking technology and operational resources for banks and credit unions, including Loan Origination, CRM, and Digital products to launch and run new digital banks. Led by Chairman and CEO Jeffery Kendall, the company supports institutions of any size to grow and attract new market segments. Nymbus recently launched Nymbus Labs to systematically remove barriers for institutions to leverage niche digital banks, create new revenue streams, and innovate. The company received a $15M investment from Financial Services Capital and intends to use the funds to continue broadening its offerings. As part of the transaction, Matthew Hansen of Financial Services Capital will join the Nymbus board alongside Managing Partner Miroslav Boublik, and Matt Wallach will join as a strategic advisor.

Total raised

$174M

Funding rounds

8

Latest round

Series D

Latest activity

May 2023