Narmi, a leading provider of digital open banking technology, has raised $35 million in a Series B funding round. The round was co-led by Greycroft along with help from existing investors New Enterprise Associates and Picus Capital. Narmi intends to use the new capital to invest in its digital banking solutions, form new collaborations, and accelerate the banking industry’s digital transformation. Narmi intends to recruit more staff in the run-up to launching its business account opening platform, as well as expand on a major product pillar: openness, which includes full support for middleware layers, their proprietary AppXchange, and their developer ecosystem.
Digital Banking Vendor Narmi Raises $35 Million