Banking-as-a-service startup Nymbus raises $53 million led by Insight
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 functi...