Nymbus

Nymbus

Cloud-native platform for digital banking solutions

About Nymbus

Simplify's Rating
Why Nymbus is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

201-500

Company Stage

Series D

Total Funding

$173.1M

Headquarters

Jacksonville, Florida

Founded

2015

Overview

Nymbus provides a banking technology platform that helps brands, banks, fintechs, and credit unions modernize their operations and grow. Their main product is a cloud-native platform that allows clients to create new digital banks or upgrade existing banking systems. This platform is designed for flexibility and speed, enabling quick adaptation to changing banking needs. Nymbus offers a turn-key solution, managing all necessary resources for running a digital bank, including back office operations and customer support, which helps clients launch their services without internal distractions. Additionally, Nymbus has a specific digital banking solution for small and medium-sized businesses, helping them connect with their communities and create growth opportunities. The company ensures compliance with financial regulations, allowing clients to operate safely and legally.

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Simplify's Take

What believers are saying

  • Growing demand for digital banking among small and medium-sized businesses boosts Nymbus' market.
  • Partnership with DataVisor enhances Nymbus' AI-driven fraud detection capabilities.
  • Nymbus' Personal Onboarding Concierge aligns with the trend for personalized banking experiences.

What critics are saying

  • Emerging fintech startups pose a competitive threat to Nymbus' market share.
  • Rapid technological advancements may challenge Nymbus' ability to innovate continuously.
  • Multiple new executive appointments could lead to strategic misalignment within Nymbus.

What makes Nymbus unique

  • Nymbus offers a turn-key solution for launching digital banks in under 45 days.
  • Their platform supports both traditional and digital-only banking infrastructures.
  • Nymbus provides comprehensive back office operations, reducing client distractions and churn.

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Funding

Total Funding

$173.1M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Meet Average

Industry standards

$77M
$70M
Twilio
$70M
Nymbus
$80M
Handshake
$100M
Affirm

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Remote Work Options

Unlimited Paid Time Off

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-2%

2 year growth

-1%
FF News
Jan 27th, 2025
Nymbus Appoints Ed Gross As Chief Product Officer To Lead Product And Innovation

Nymbus, a premier provider of cloud-based financial technology solutions, is pleased to announce the appointment of Ed Gross as its Chief Product Officer (CPO). Gross has a proven track record of leading product management and innovation strategies for the financial services industry and has been the thought leader and evangelist behind Nymbus’ award-winning user experience and end-to-end designs for consumer, business, and back office solutions for several years“Ed’s extensive experience as an executive in product management, user experience, and design, along with his creative and innovative approach, align with our company goals to continue to deliver world-class banking solutions and do so with quality, speed, and superiority,” said Jeffery Kendall, CEO of Nymbus. “Under Ed’s strategic leadership, we are confident that Nymbus will accelerate our product roadmap, prioritize client delivery and quality, double down on innovation, and guide Nymbus in its next-level product strategy.”Gross’ product design and management experience spans two decades, with experience across multiple financial technology companies, including NCR, Kony DBX, and Temenos, where he led global product teams and was responsible for several award-winning products and platforms. With a relentless focus on the end-user experience, Gross has built a reputation for his unique ability to bridge the gap between technical applications, the audience, client delivery, and product strategy.“Our nation’s financial institutions desperately need affordable, manageable, and modern technology products to serve their customer base. Our focus at Nymbus has been to create best-in-class, enterprise-grade solutions without requiring armies of developers or systems integrators to bring them to life. I’m committed to advancing our product strategy to ensure we remain the preferred choice for banks and credit unions seeking an innovative, flexible, and differentiated banking platform,” Gross said

Business Wire
Sep 4th, 2024
Nymbus Appoints Jody Guetter as CMO to Lead Next Phase of Growth

Nymbus appoints Jody Guetter as CMO to lead next phase of growth.

Business Wire
Aug 16th, 2024
Investing in the Future: Gesa Credit Union Backs Nymbus to Drive Sustainable Growth

Nymbus®, a premier provider of cutting-edge financial technology solutions, has secured a strategic investment from Gesa Credit Union, a $5.5B+ Washin

Yahoo Finance
Jun 6th, 2024
Nymbus Welcomes Nate Whaley as Chief Revenue Officer: Powering Growth and Sales Success

Nymbus welcomes Nate Whaley as Chief Revenue Officer: powering growth and sales success.

FF News
Jan 9th, 2024
Nymbus Welcomes Jeff Fonda As Cfo

Nymbus, a premier provider of cloud-based financial technology solutions, celebrates the appointment of Jeff Fonda as its new Chief Financial Officer (CFO). Jeff arrives with a rich background in financial leadership. His deep expertise in fintech, SaaS, and executive leadership, honed during his tenure at Mortgage Cadence, an Accenture company, among others, prepares him well for this pivotal role.Jeffery Kendall, Chairman and CEO commented, “Jeff’s proven track record in financial leadership at high-growth companies aligns perfectly with our mission. His expertise will be instrumental as we expand our partnerships with banks and credit unions, providing them with accessible solutions to move beyond the constraints of traditional banking systems.”“I am thrilled to be part of the dynamic team at Nymbus during such a transformative phase,” expressed Jeff Fonda. “Nymbus’ unique approach to reshaping the financial sector resonates deeply with my experience. The opportunity to assist banks and credit unions in transitioning to a more modern framework is exciting and significant.”As Nymbus continues to redefine financial services technology, Fonda’s appointment marks a significant step in this journey

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