Miami-based fintech Nymbus is on an acquisition tear. It was announced this week that the firm has acquired KMR, which provides products and software services to credit unions. Earlier this month, Nymbus also announced its acquisition of R.C. Olmstead, which serviced Midwest-based credit unions.
Only two years old, the firm has grown quickly since its launch and now has 150 employees. According to their website, their mission is to "transform the way traditional banks support and interact with their customers by modernizing their existing software and hardware infrastructure in order to make it possible for them to compete with larger banks and non-bank tech startups."
The firm provides core processing functions via 14 separate elements on its platform to client credit unions and banks to help better serve their customers and increase their bottom line revenue.
Original Source for Story: Miami Herald
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