Nymbus provides banking in a box tools for smaller banks to launch digital offerings.
The startup announced Wednesday a $53 million Series C round led by Insight Partners.
Smaller banks have faced more pressure to expand their reach through digital offerings as a result of COVID-19.
Designing a new user interface for a bank s mobile app is a key challenge. For many customers it might be their first window into the bank, and it has to be easy and simple to use.
But developing a new front-end is only part of the problem banks face when upgrading their tech. Changing the back-office functions that exist behind the scenes is where the bulk of the work lies for smaller regional and community banks.