Apiture acquired $10 million in funding, bringing its complete raised to $79 million.
The spherical was led by funds and accounts suggested by T. Rowe Value with participation from present traders.
Apiture gives credit score unions entry to a digital banking platform that ties in partnerships with greater than 300 fintechs.
Digital banking options supplier Apiture landed a $10 million funding spherical this week. The Enterprise spherical was led by funds and accounts suggested by T. Rowe Value with participation from present traders Reside Oak Financial institution, Truist Ventures, and Pinnacle Monetary Companions. The recent funds increase Apiture’s complete funding to $79 million.
The Wilmington, North Carolina-based firm will use the $10 million to speed up product growth initiatives. It would additionally increase its gross sales and advertising and marketing efforts for its Apiture Digital Banking Platform. Launched final yr, the corporate’s Digital Banking Platform serves greater than 300 banks and credit score unions.
“Apiture is relentlessly targeted on delivering best-in-class digital banking options via steady innovation and integrations with best-of-breed fintechs,” stated firm CEO Chris Babcock. “This extra funding allows us to additional speed up growth initiatives that may assist our shoppers thrive in a extremely aggressive market.”
Based in 2017, Apiture helps credit score unions compete with bigger banks and credit score unions on the subject of digital banking experiences. The corporate’s options, which work with greater than 40 cores, supply each client and industrial banking experiences, together with account opening, embedded banking, and knowledge intelligence instruments. Powering these capabilities are Apiture’s community of greater than 200 pre-vetted fintech companions, together with Glia, Deluxe, MX, Mambu, and DefenseStorm, which signed with Apiture earlier this month.
Photograph by Francesco Gallarotti on Unsplash