Nymbus announces $3 mn investment round led by OFG Ventures
By Pavithra R
Nymbus, a leading provider of banking technology solutions, has announced a $3 mn financing round led by OFG Ventures, a subsidiary of OFG Bancorp.
The financing is intended to further support significant demand for Nymbus’ unique financial services model that accelerates digital innovation for creating new products, routes to market and revenue streams for banks and credit unions.
“Our mission has remained steadfast to help financial institutions of any size succeed with impactful, intentional innovation. OFG Ventures’ investment is an added vote-of-confidence to the value our strategy brings to an industry widely in need of immediate and sustainable business growth opportunities,” said Jeffery Kendall, Chairman and CEO of Nymbus.
Founded in 2015, Nymbus is a leading provider of banking technology solutions for financial institutions to innovate and grow. With its complete suite of banking technology, tools and on-demand services, Nymbus makes digital transformation quickly and easily available to move financial institutions of any size forward. Its Banking-as-a-Service (BaaS) model means skipping a core conversion and the need to hire additional resources. The Nymbus Labs support team further leads marketing efforts through intentional branding and comprehensive data. The firm partnership with OFG Ventures empowers client institutions to offer robust solutions founded on speed, flexibility and meaningful growth.
“We believe banks should strive to innovate and redefine their business models in order to serve their customers better. Today’s digital world forces banks to be agile and inventive when it comes to customer convenience and value-added services. We are excited to contribute in the effort for assisting more of our financial institution peers with access to Nymbus’ proven strategy to profitable innovation,” said Ganesh Kumar, Director at OFG Ventures.
IBSi Daily News Analysis
May 31, 2023
Deepfakes and generative AI trigger more online identity verification in FSRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage