By Nancy Dahlberg / email@example.com
On the heels of a summer acquisition spree, Nymbus, a Miami-based financial technology company, announced this week that the company has completed a $12 million financing round led by major shareholders of Vensure Enterprises.
Nymbus, founded in 2015 and now with about 150 employees, provides mission-critical core technology for financial institutions that not only drives day-to-day operations, but also serves as the institution’s backbone for new capabilities and growth.
With the funding, Nymbus will accelerate product deployment and infrastructure teams to support the company’s SmartCore platform, as financial institutions of all sizes attempt to transform their technology for the new digital economy.
"Nymbus is here to help the 12,500 financial institutions encumbered by some of the oldest enterprise technology still in use, many developed as long as 30 to 40 years ago,” said Scott Killoh, Nymbus’ executive chairman. “This additional funding will help us rapidly convert the already high demand for our SmartCore platform."
This summer, the company announced a trio of acquisitions: KMR, a provider of software services and products to credit unions; R.C. Olmstead, which serviced credit unions in the Midwest; and Sharp BancSsystems, a Texas-based financial software provider. With the Sharp acquisition, the company acquired $200 million of intellectual property, running software that has been tried and tested in publicly-traded financial institutions, Nymbus said.
At least two executives on the Nymbus team, Killoh and Harry Flood, were recently listed as directors in Miami Beach-based Vensure Enterprises.