Participated · Series B · Feb 2020

Eureka builds software that applies AI and machine learning to large external and internal data sets to produce financial and market intelligence. Its financial intelligence products enable credit and risk scoring by leveraging telecom and alternative data, open banking, and transaction data. Its market intelligence offerings provide continuous country-level panels for digital and location intelligence. Eureka also offers data science infrastructure, including the DS2 Feature Store and AI Learning Fabric, to help teams deliver data science at scale. The company works with Fortune 500 customers across telecom, banking, insurance, e-commerce and transport. Founded in 2016, Eureka has offices in eight major cities across Asia, the United States, the Middle East, and Africa, and says the recent financing will fuel rapid growth and expansion of its offerings. Eureka Ai is a Singapore-based artificial intelligence enterprise software startup. According to ACRA filings accessed by DealStreetAsia – DATA VANTAGE, the company has raised an additional $500,000 in fresh funding. The article identifies the company as offering AI enterprise software but does not provide details on the investors, valuation, or funding instrument. The coverage is a short filing-based report published by DealStreetAsia’s DATA VANTAGE. No operating metrics, past rounds, founding year, or future plans are mentioned in the article. Eureka has built a proprietary AI enterprise software platform called Spectrum that organises mobile telecom data to deliver actionable intelligence for mobile operators and enterprise partners. The platform enables enterprises across industries including banking, insurance, transportation, and FMCG to partner with mobile operators to offer more relevant and personalized services and acquire customers. Eureka is deploying on operators across Southeast Asia, India, and the Middle East, covering a collective mobile subscriber base of over one billion customers, and is expanding into Europe and the US. The company operates engineering and technology teams in Bengaluru, Seattle, Singapore, and Jakarta and plans to grow its Bengaluru development team. Management says the new capital will support international expansion and further develop Eureka’s product portfolio. Eureka is also a member of Mastercard’s Start Path later-stage startup engagement programme.

Led · Equity · Feb 2017

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.