Fintech startup NYMBUS secures $12 million in growth funding

NYMBUS, a Miami, Florida-based fintech startup and a provider of customer-centric platform that unifies all the required banking functions into one system, today announced it has closed $12 million in a new funding to support rapid market penetration for its SmartEcosystem. The round was led by the company’s major shareholders of Insight Partners and Vensure Enterprises.

Founded in 2015 by Alex Lopatine and Scott W. Killoh, NYMBUS SmartCore is a digital-first technology platform that enables financial institutions to offer a customer-centric banking experience. A revolutionary alternative to outdated legacy technology, NYMBUS’ cloud-based SmartEcosystem allows every size of financial institution to buy back decades of lost time and get to market almost instantly with modern digital-first solutions. It uniquely unifies all of their required banking functions and operational services at a fraction of the time and cost previously available to engage and support the entire digital customer journey.

The startup recently launched NYMBUS SmartLaunch, a new, transformational model that enables financial institutions to stand up a separate digital bank to quickly capture new consumers and generate growth in just 90 days.

“This latest funding points to confidence and demand in the marketplace for innovative solutions that financial institutions can rapidly deploy in order to thrive in a digital-dependent world,” said Scott Killoh, CEO and Founder of NYMBUS. “Time is of essence as COVID-19 has amplified this urgency for seamless digital banking experiences. NYMBUS is fortunate to have the proven products and tools in place to make digital transformation immediately available for more banks and credit unions, and with this funding, the financial backing to drive our growth at scale.”

Back in 2019, NYMBUS assisted Inspire Federal Credit Union in transformation of its core, Internet banking, mobile banking and payment solutions. Recognizing the need for a modern, secure and consumer-centric platform, Inspire Federal Credit Union chose NYMBUS to efficiently scale its business and meet growing member demands.

“We’ve increased our commitment to NYMBUS as they continue to build out a full ecosystem of products and services that is being overwhelmingly received within the market as a proven alternative to the traditional banking model,” said Peter Sobiloff, Manager Director at Insight Partners. “The company’s robust pipeline has further been bolstered by COVID-19 due to demand for advanced digital lending and banking services under the CARES Act and its turnkey SmartLenders solution. We are confident in our investment to support an accelerated scale-up and delivery of their solutions for penetrating the market with immediate and future banking success.”