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- NYMBUS
NYMBUS Valuation, Funding & Investors
NYMBUS is valued at $334M as of May 2023.
Last NYMBUS valuation
$334M
Series D · May 2023
Last NYMBUS funding round
$70M
Series D · May 2023
Cumulative funding NYMBUS raised
$194M
across 9 funding rounds
Key investors in NYMBUS
Insight Partners
Vensure Enterprises
Curql
Reseda Group
Mendon Venture Partners
ConnectOne Bancorp
About NYMBUS
NYMBUS is a Michigan-headquartered fintech platform enabling financial institutions to launch digital banks and modernize core systems. Its cloud-based ecosystem supports account opening, payments, lending, and CRM in under 45 days for credit unions and community banks across the US. Founded in 2012, NYMBUS powers over 200 institutions serving 10 million end-users with API-driven innovations.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$334M (May 2023)
NYMBUS Valuation
NYMBUS is currently valued at $334M, based on its Series D in May 2023.
The $70M round was led by Insight Partners, with participation from Mendon Venture Partners, ConnectOne Bancorp, PeoplesBank and The Banc Funds.
NYMBUS's valuation has grown 12x from $29M at its Series A in August 2016 to $334M in May 2023, across 3 priced rounds.
NYMBUS valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2023 | Series D | $334M |
| Jun 2020 | Undisclosed stage | $82M |
| Aug 2016 | Series A | $29M |
NYMBUS Funding History
NYMBUS has raised a total of $194M across 9 funding rounds.
NYMBUS's first fundraising round was a $12M Series A in August 2016. The most recent completed round was a $70M Series D in May 2023.
NYMBUS funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2023 | Series D | Insight Partners (lead); Mendon Venture Partners; ConnectOne Bancorp; PeoplesBank; The Banc Funds | $70M | $334M | NYMBUS is a Jacksonville, Florida-based provider of cutting-edge banking technology solutions, offering a cloud-based core system, digital banking tools, and services to help traditional banks and credit unions modernize legacy systems, launch neobanks, and create new digital revenue streams through its GROW model and niche banking approach. The company partners with financial institutions to enable rapid digital transformation, expansion of product portfolios, and competitive positioning in a shifting financial landscape. On May 25, 2023, NYMBUS closed a $70 million Series D funding round led by Insight Partners, with participation from clients ConnectOne Bank and PeoplesBank, as well as The Banc Funds Company and Mendon Venture Partners. This round, advised by FT Partners, brought total capital raised to over $199 million and was the company's largest to date following a prior $53 million Series C in 2021. Proceeds are earmarked for accelerating development and expansion of its modern core system and diverse product offerings to support client growth and innovation. Post-money valuation for the round stood at $334 million, with a price per share of $0.69 as listed in funding details. NYMBUS, led by CEO and Chairman Jeffery Kendall, emphasized the investment's role in doubling down on transforming financial services by replacing outdated systems with proven technology and business models. Strategic backers highlighted NYMBUS's potential to set industry benchmarks in niche banking and flexible solutions for enduring value. Investors like Peter Sobiloff of Insight Partners noted the need for institutions to pivot revenue models, while Mendon Venture Partners and The Banc Funds praised its cloud-based innovations and deep product knowledge. |
| Mar 2023 | Series A | Reseda Group (lead); Curql | $8M | - | - |
| Aug 2021 | Seed | OFG Ventures (lead) | $3M | - | Nymbus raised $3 million in August 2021 led by OFG Ventures, a subsidiary of publicly traded OFG Bancorp. This funding followed the company's $53 million Series C round in February 2021 and $20 million raised in Q2 2021, bringing total capital raised in 2021 to $76 million. The Miami Beach-based banking-as-a-service fintech company provides infrastructure that enables traditional banks and credit unions to digitize operations and launch digital banking services. Nymbus integrates complete digital banking capabilities and offers clients new revenue streams, including cryptocurrency products developed through partnerships like its February 2021 collaboration with financial services firm NYDIG to deliver Bitcoin products to bank and credit union customers. The company's platform helps financial institutions modernize their business models and create additional income opportunities in the digital banking space. |
| Apr 2021 | Series C | Financial Services Capital Partners (lead) | $15M | - | NYMBUS is a banking-as-a-service financial technology company based in Miami Beach that provides banking technology solutions, including core systems, digital banking, and payments to help financial institutions launch digital banks and create new revenue streams. On April 20, 2021, Financial Services Capital Partners invested $15 million in NYMBUS, bringing the private equity firm's total investment in the company to $31 million. The funding supports demand for NYMBUS's products and services amid digital transformation needs in banking. This investment followed a $53 million Series C round in February 2021 led by Insight Partners and $20 million raised in Q2 2021 from other rounds, contributing to a total of $76 million raised in 2021 up to that point. |
| Feb 2021 | Series C | Insight Partners (lead) | $53M | - | NYMBUS is a banking-as-a-service financial technology company providing cutting-edge solutions, including cloud-based core systems, digital banking tools, and on-demand services to help banks and credit unions modernize operations, launch neobanks, and create new revenue streams. The company integrates everything needed to build and operate full-scale digital banks from day one, with offerings like Nymbus Labs for niche digital banking innovations. In February 2021, NYMBUS raised $53 million in its Series C funding round led by existing investor Insight Partners, marking its largest round at the time and following strong demand for its alternative to traditional banking models. Insight Partners' AJ Malhotra joined the board alongside Peter Sobiloff, with Jeffery Kendall becoming CEO and Chairman. The funds supported client surge, company expansion, and new offerings like Nymbus Labs. Throughout 2021, NYMBUS continued fundraising, adding $20 million across two rounds in Q2 and another $3 million led by OFG Ventures, bringing the year's total to $76 million. Later in 2021 or 2022, it raised a $70 million Series D led by Insight Partners, with participation from ConnectOne Bank, PeoplesBank, The Banc Funds Company, and Mendon Venture Partners; this brought total capital raised over $199 million. The investments fueled acceleration of NYMBUS's modern core system, product portfolio expansion, and market leadership in fintech for digital transformation. By 2023-2024, total funding exceeded $211 million across multiple rounds, positioning NYMBUS to redefine financial services through innovation and partnerships. |
| Jun 2020 | Undisclosed stage | Insight Partners (lead); Vensure Enterprises (lead) | $12M | $82M | Nymbus is a banking technology company providing comprehensive digital banking solutions to community and regional banks. Founded in 2015 and headquartered in Jacksonville, Florida, the company offers 'banking in a box' tools that enable smaller financial institutions to launch digital offerings and compete with larger banks by accelerating digital transformation across the entire bank stack rather than just front-end channels. In June 2020, Nymbus closed a $12 million Series B-III funding round led by existing investors Insight Partners and Vensure Enterprises. The capital was intended to support rapid market penetration of the company's SmartEcosystem platform, with particular focus on digital lending and banking services driven by increased demand under the CARES Act and the COVID-19 pandemic's acceleration of digital banking adoption. Nymbus later raised $53 million in Series C funding in 2021, again led by Insight Partners, marking the largest funding round in the company's history at that time. |
| May 2018 | Series A | - | $5M | - | NYMBUS raised $5.4 million in a venture round on May 30, 2018. The company provides banking technology solutions to help financial institutions with digital transformation, including core systems, digital banking, and payments solutions. |
| Feb 2017 | Undisclosed stage | Home Credit Group (lead) | $16M | - | NYMBUS Inc. provides mission-critical core banking technology to financial institutions, enabling efficient operations, modern digital experiences, and growth. The company closed a $16 million funding round on February 24, 2017, led by Home Credit Group through its venture capital arm HCVC, which invested $8 million. This followed a $12 million round six months prior and positions NYMBUS for accelerated expansion, including growing its implementation team, developing new product features, and scaling sales. Home Credit Group, an international consumer finance provider operating in 11 countries with over 17 million active customers and 241,000 distribution points, views NYMBUS as ahead of traditional vendors and viable among FinTechs. The investment supports NYMBUS in disrupting legacy core technology for banks and credit unions, facilitating digital-first strategies for customer growth and differentiation. HCVC aims to partner with NYMBUS to enhance financial inclusion in underserved segments. |
| Aug 2016 | Series A | Vensure Enterprises (lead) | $12M | $29M | NYMBUS, a Miami-based fintech company founded in 2015, develops a cloud-based core-processing platform called SmartCore for banks and credit unions. The platform provides a full-stack, API-driven, HTML5 browser-based solution built in Java to help financial institutions transition from legacy systems, reduce costs, and support growth amid regulatory pressures. NYMBUS raised $12 million in an early financing round on August 15, 2016, led by major shareholders of Vensure Enterprises, marking its first disclosed funding. The funds supported faster product deployment, infrastructure enhancements for SmartCore, scaling the user base, and expanding service and support teams. Prior to the round, NYMBUS made strategic acquisitions including R.C. Olmsted, KMR, and Sharp BancSystems in June 2016 to bolster its offerings. The post-money valuation stood at $28.78 million. NYMBUS positioned itself as the 'Tesla of banking,' targeting smaller financial institutions strained by outdated technology. The company demonstrated its technology at FinovateSpring 2016 and FinDEVr New York 2016. This round preceded subsequent financings, including a $16 million round in 2017 led by Home Credit Group and later Series C and D rounds raising $53 million and $70 million respectively. |
Who has invested in NYMBUS?
11 investors have backed NYMBUS across its funding rounds, including Insight Partners, Vensure Enterprises, Curql, Reseda Group, Mendon Venture Partners and ConnectOne Bancorp.
Lead investors include Insight Partners, Reseda Group, OFG Ventures, Financial Services Capital Partners, Vensure Enterprises and 1 other investor.
NYMBUS Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2020 | ||
| 2 | Lead | Aug 2016 | ||
| 1 | Lead | Aug 2021 | ||
| 1 | Participant | May 2023 | ||
| 1 | Lead | Apr 2021 | ||
| 1 | Participant | May 2023 | ||
| 1 | Lead | Feb 2017 | ||
| 1 | Lead | Mar 2023 | ||
| 1 | Participant | May 2023 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by NYMBUS
NYMBUS has acquired 3 companies to date.
Last acquisition by NYMBUS was on June 21st 2016. NYMBUS acquired Sharp BancSystems for undisclosed valuation.
Latest Acquisitions by NYMBUS
| Description | Sharp BancSystems is a Bedford, Texas-based software provider serving community banks exclusively. Founded in 1987, it offers the PC-Core integrated banking system on client-server architecture with centralized customer information files for deposits, loans, and general ledger. Complementary modules include internet banking and check imaging to streamline operations. | AgilityFOUR is a provider of web-based credit union software including AgilityWeb for online banking and AgilityOrg for compliance and management tools. The solutions support member self-service, loan processing, and regulatory reporting for US credit unions. Developed by KMR Software, AgilityFOUR integrates with core systems like those from Jack Henry. Kai Ravnborg, its former president, advanced PC-based cores and NCUA systems before joining Nymbus. | R.C. Olmstead is a Powell, Ohio-headquartered provider of core data processing systems for credit unions. The company develops flexible software platforms enabling institutions from single-branch operations to multi-site associations to manage member services including loans, deposits, and digital banking. With over 40 years in the industry, RCO supports clients across the US through dedicated support teams and regular system updates. |
| HQ Country | |||
| HQ City | - | Dandridge, TN | - |
| Deal Date | 21 Jun 2016 | 13 Jun 2016 | 1 Jun 2016 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all NYMBUS acquisitions and their M&A valuation multiples. Start Free Trial | |||
NYMBUS Competitors
NYMBUS competitors include listed companies like Beeks Group and Unit, and private ones like Total Expert, FINBOURNE Technology, Akur8 and Behavox.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $49M | $15M | $203M | 3.7x | ||
| Private | - | - | $347M | - | ||
| Private | - | - | $372M | - | ||
| Private | - | - | $432M | - | ||
| Private | $26M | - | $500M | 19.2x | ||
| Publicly listed | $102M | $46M | $317M | - |
NYMBUS Public Comps
NYMBUS is still privately-owned, but its public comps include Corvex, Unit, QingCloud Technologies, Proact IT Group, Blend Labs, Ribbon Communications, GABIA, Inspur Digital Enterprise, Netcall and Profile Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $433K | ($15M) | 2054.0x | - | (57.9x) | - | |||
| $102M | $46M | 1.3x | - | 2.9x | - | |||
| $34M | ($923K) | 9.8x | - | (361.8x) | - | |||
| $477M | $36M | 0.8x | 0.7x | 10.4x | 6.7x | |||
| $124M | $3M | 3.5x | 3.4x | 147.5x | 24.7x | |||
| $845M | $60M | 0.8x | 0.8x | 10.9x | 7.3x | |||
| $244M | $62M | 2.4x | - | 9.4x | - | |||
| $1.1B | $47M | 0.1x | 0.2x | 3.5x | 3.5x | |||
This data is available for Pro users. Sign up to see all NYMBUS competitors and their valuation data. Start Free Trial | ||||||||
Common questions about NYMBUS
| When was NYMBUS founded? | NYMBUS was founded in 2015. |
| Where is NYMBUS headquartered? | NYMBUS is headquartered in Jacksonville, FL, United States. |
| Is NYMBUS publicly listed? | No, NYMBUS is a private, VC-backed company. |
| What is NYMBUS's valuation? | NYMBUS was last valued at $334M in its Series D in May 2023. |
| How much funding has NYMBUS raised? | NYMBUS has raised $194M across 9 funding rounds. |
| What was NYMBUS's last funding round? | NYMBUS's last funding round was a $70M Series D in May 2023, led by Insight Partners. |
| Who are NYMBUS's investors? | NYMBUS's investors include Insight Partners, Vensure Enterprises, OFG Ventures, Mendon Venture Partners, Financial Services Capital Partners, ConnectOne Bancorp, Home Credit Group, Reseda Group, PeoplesBank, Curql and 1 other. |
| Which companies are comparable to NYMBUS? | Companies comparable to NYMBUS include Beeks Group, Total Expert, FINBOURNE Technology, Akur8, Behavox and Unit. |
| How many companies has NYMBUS acquired? | NYMBUS has acquired 3 companies, including Sharp BancSystems, AgilityFOUR and R.C. Olmstead. |
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