Financial Services Capital Backs NYMBUS With $15 Million in Funding
- Specialist investor supports banking technology platform with investment to accelerate new era of transformation.
- Veeva Systems Co-Founder Matt Wallach joins as Strategic Advisor.
LONDON – 20 APRIL 2021 – Financial Services Capital, the private equity investor dedicated to the European financial services sector, today announced that it has completed $15 million in new financing for NYMBUS®, a leading provider of banking technology solutions, doubling its total investment in the company to more than $31m.
As part of the investment, Matt Wallach, Co-Founder of Veeva Systems [NYSE:VEEV], will join as a Strategic Advisor and Matthew Hansen, Managing Partner at Financial Services Capital, will join Managing Partner Miroslav Boublik on the Nymbus Board of Directors.
Financial Services Capital launched in 2020 to capitalise on a once-in-a-generation investment opportunity, transforming businesses through a hands-on, operationally focused and technology-enabled value creation strategy.
The firm’s investment demonstrates continued confidence in Nymbus’ potential to transform the financial services industry’s outdated legacy systems with proven technology solutions, and follows a year marked by overwhelming demand for the company’s alternative to the traditional banking model. With its complete suite of banking technology, tools and on-demand services, Nymbus makes digital transformation quickly available to move any size financial institution forward.
In addition to supporting a surge of clients and rapid company expansion, the investment will allow Nymbus to continue broadening its offerings. This includes the recently unveiled Nymbus Labs, built and operated to systematically remove barriers for institutions to leverage niche digital banks that connect to the communities they serve, create new revenue streams, and innovate. Matt Wallach co-founded Veeva Systems, one of the world’s leading cloud software companies. He served as president through the company’s IPO and growth past $1 billion in revenues and currently serves on the board of directors. Today, Veeva boasts a market capitalization of over $40 billion.
“We are thrilled to welcome a cloud pioneer like Matt as an Advisor at this critical time when financial institutions are seeking proven and risk-free strategies to rapidly transform their banking operations and customer-facing channels. We look forward to continue working with Nymbus as they build out a best-in-class, cloud-native offering that is well positioned to be a leader in the industry and will transform our portfolio companies,” said Miroslav Boublik, Managing Partner at Financial Services Capital.
About Financial Services Capital
Financial Services Capital is a specialist mid-market private equity investor in financial services companies across Europe. The firm was founded in 2020 to capitalise on a once-in-a-generation investment opportunity, transforming businesses through a hands-on, operationally focused and technology-enabled value creation strategy. Financial Services Capital is led by Managing Partners Matthew Hansen and Miroslav Boublik, who bring a unique combination of operational and technology expertise, and have assembled a group of highly experienced investors, operators and technology experts with more than 220 years of collective experience working inside financial institutions.
For more information on Financial Services Capital, visit financialservicescapital.com or follow us on LinkedIn.
Nymbus enables banks and credit unions of any size to grow and attract new market segments by delivering a full suite of banking technology, including Loan Origination, CRM and Digital, along with the operational resources to launch and run a new digital bank. Whichever growth path you choose, Nymbus buys back decades of lost time and accelerates your ability to engage and support the entire customer journey.
For more information, please visit nymbus.com.
Financial Services Capital
Financial Services Capital
Sam Barton / Stephen Benzikie
+44 (0)7380 961 549 / +44 (0)20 3393 1185