FT Partners Served as Financial Advisor to Lumin Digital on its $160,000,000 Growth Financing
Overview of Transaction
- On December 2, 2024, Lumin Digital, a leading cloud-based digital banking software provider, announced it has raised over $160 million in a growth equity financing led by Partners Group, NewView Capital, and Light Street Capital
- Founded in 2016 by Jeff Chambers, Lumin enables credit unions and banks to deliver a differentiated user experience that accelerates user growth and increases customer loyalty
- The Company provides a complete set of digital banking applications through microservices built on a cloud-native, single-tenant architecture
- Prior to the transaction, Velera, a premier payments credit union service organization and integrated financial technology solutions provider, was the sole investor of Lumin Digital
FT Partners' Role
- The capital raised will be used accelerate the Company’s strategic growth initiatives, focusing on innovation and driving greater value for financial institutions, their members, and shareholders
FT Partners' Role
- FT Partners served as the exclusive financial and strategic advisor to Lumin Digital on this equity financing
- This transaction highlights FT Partners’ deep domain expertise in the Banking Technology space as well as its successful track record generating highly favorable outcomes for leading FinTech companies globally