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US core banking vendor Nymbus lands $53m top-up led by existing backer

February 15, 2021

The investor’s principal, AJ Malhotra, will join Nymbus’ board of directors as part of the transaction.

Driving new products

The fintech wants to use the fresh capital, which marks its largest funding to-date, to turbocharge its Grow product. The service was built to help banks and credit unions create new digital revenue streams.

“As the pandemic has pushed digital to the forefront, more banks and credit unions have turned to Nymbus,” says CEO and chairman, Jeffery Kendall.

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