Balanced News: Nymbus lands $70M to help banks digitally transform

Nymbus, a startup that partners with banks to modernize their tech stacks and launch neobanks, has raised $70 million in a Series D round led by Insight Partners. The funding will be used to scale Nymbus’ core transaction processing engine and platform for commercial banking. Nymbus offers a cloud-based banking solution that provides traditional banks with API access, event-driven alerting, and robotic process automation, among other features. The company aims to help banks successfully implement their digital strategies and meet the growing demand for modernization and digitization in the financial industry.