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February 28, 2017 | Transactions, Fundraising

Zelig Associates advises on Nymbus’ $16m Series B fundraising round led by Home Credit Venture Capital

Home Credit Venture Capital ("HCVC"), the venture investment arm of Home Credit Group, led the $16m total funding round in Nymbus, Inc. ("Nymbus")

Home Credit Venture Capital (“HCVC”), the venture investment arm of Home Credit Group, led the $16m total funding round in Nymbus, Inc. (“Nymbus”), a Miami, FL, based developer of modern core banking technologies for community banks, credit unions and FinTech disruptors.

Developed over more than a decade, Nymbus’ modern, real-time, multi-tiered integrated platform overcomes drawbacks of traditional core banking systems – lack of 360-degree customer view, batch-mode technologies and sub-optimal end-to-end integration.

Tens of thousands of banks and credit unions are not capitalizing on strategic growth opportunities due to outdated legacy core technology. This round of funding will allow us to strengthen our focused efforts around helping customers implement more efficient operations, more modern digital experiences and, ultimately, achieve greater growth.

 

Scott Killoh
Executive Chairman at Nymbus

Established in 2016, HCVC operates as a corporate venture capital fund and typically participates in Seed, A, and B investment rounds. It seeks to build up a portfolio of investments in start-ups which can provide strategic synergies with Home Credit Group’s businesses. HCVC offers its portfolio companies an unparalleled opportunity to rapidly scale their innovations across Home Credit Group’s 11 diverse markets, from the USA, through Central and Eastern Europe, including Russia, to India, China, and South-East Asia.

We are excited to enter into a long-term partnership with Nymbus and join Insight Venture Partners as a second institutional investor. Our investment in the company was motivated by Nymbus’ massively scalable, innovative technological solution, experienced team and impressive overall business traction. In the future, the relationship will allow us to partner with community banks and credit unions to improve financial inclusion by lending to currently underserved customer segments.”

 

Miroslav Boublik
Group Head of Special Projects, Home Credit Group and Managing Partner, HCVC

About Zelig Associates
Zelig Associates is a global FinTech investment banking boutique based in Europe and North America. We provide independent strategic and financial advice to entrepreneurs, private equity firms and venture-funded companies as well as international corporations. Our firm combines entrepreneurial spirit and transaction excellence with a passion for the FinTech sector.