AAA Nymbus banks $53m of new funding

Nymbus banks $53m of new funding

Nymbus, a US-based financial services technology developer backed by startup services provider Vensure Enterprises and credit provider Home Credit Group, has raised $53m in a round led by Insight Partners.

Founded in 2015, Nymbus develops software used by financial services companies to manage back-end processes such as loan origination and customer relationship management.

The company also develops mobile apps for its business clients for onboarding, deposit, lending and small business banking activities.

AJ Malhotra, principal at Insight Partners, has joined Peter Sobiloff, managing director at Insight Partners, on Nymbus’ board of directors.

Nymbus pulled in $12m for the close of a funding round co-led by Vensure Enterprises and Insight Partners in June 2020.

The company also raised $5.4m in June 2018, according to a regulatory filing. Nymbus secured $16m in a 2017 round led by Home Credit Group, which contributed $8m to the round.

Nymbus also received $12m in a round led by shareholders of Vensure Enterprises in 2016.