Nymbus closes $16M funding round

Financial institution core technology provider NYMBUS has secured a $16 million funding round led by Home Credit Group. That brings NYMBUS total funding to $28 million over the past six months.

Home Credit Group is a Netherlands-based consumer finance provider operating in 11 countries. Over 20 years they have originated more than 111 million loans worth more than $45 billion.

“Tens of thousands of banks and credit unions are not capitalizing on strategic growth opportunities due to outdated legacy core technology,” NYMBUS executive chairman Scott Killoh said. “This round of funding will allow us to strengthen our focused efforts around helping customers implement more efficient operations, more digital experiences, and, ultimately, achieve greater growth.”