Overview of Transaction

• On May 25, 2023, Nymbus announced the completion of its $70 million Series D financing round from new and repeat investors
• This round was led by global software investor Insight Partners and bolstered by additional investments from Nymbus clients ConnectOne Bank and PeoplesBank, alongside other FinTech investors, The Banc Funds Company and Mendon Venture Partners
• The announcement follows a previous announcement of strategic investments from Curql Collective, a Credit Union Service Organization (CUSO) driving FinTech innovation for credit unions, via its flagship Curql Fund and Reseda Group, a wholly owned CUSO of MSU Federal Credit Union (MSUFCU), a Nymbus client
• Nymbus has disrupted the financial services market as an alternative to legacy business models
• With Nymbus, any size financial institution can quickly launch a full-service digital bank or migrate to its award-winning core
• Nymbus buys back decades of lost time to engage and support the entire digital customer journey

Significance of Transaction

• The capital infusion will empower Nymbus to expedite the expansion and advancement of its modern core system and diverse product portfolio
• The proceeds of this financing round will be put toward investing in scaling various products and services, particularly its core transaction processing engine and platform for commercial banking

FT Partners' Role

• FT Partners served as exclusive financial and strategic advisor to Nymbus
• This transaction highlights FT Partners’ deep domain expertise in the Banking Tech sector, and its successful track record generating highly favorable outcomes for high-growth FinTech companies globally