Cloud-based core banking provider Nymbus has raised $12 million in a financing round led by major shareholders Insight Partners and Vensure Enterprises.
The firm says it will use the funding to push its Nymbus SmartEcosystem, which is in "overwhelming demand" from financial services firms looking to digitise their operations.
Scott Killoh, CEO, Nymbus, says: "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."