Narmi Analysis: $60M Raised
What is Narmi?
Digital banking platform enabling account opening in under 2.5 minutes
Employees
51-200
Founded
2016
Industry
Blockchain
HQ Full Address
New York, New York, United States
Latest Funding Round Size
$60 million
Website Url
Product Features & Capabilities
- Narmi Banking
- Narmi Grow
- Narmi Now
- Narmi Guard
- Narmi Command
- Narmi Open
- Narmi AI
How much Narmi raised
Funding Round - $60 million
RecentOther Considerations
Serves community banks and credit unions; Delivered 50% decrease in support volume; 137% increase in app store rating; 4x account growth; Partnerships with FIS IBS, FIS Horizon, Symitar, Fiserv Premier, COCC, Fiserv DNA; Case studies with Berkshire, Clark County Credit Union, Evergreen Bank Group
Competitors
The main competitors of Narmi in the fintech space include:
1. Razorpay
2. Oracle Financial Services
3. Temenos
4. Alkami Technology
5. Finacle
6. Q2
7. MANTL
8. NovoPayment
9. Yapily
10. Lumin Digital
1. Razorpay
2. Oracle Financial Services
3. Temenos
4. Alkami Technology
5. Finacle
6. Q2
7. MANTL
8. NovoPayment
9. Yapily
10. Lumin Digital
Recent News
- Narmi Raises $35 Million Series B - Narmi has successfully raised $35 million in a Series B funding round aimed at accelerating the digitization of the U.S. banking industry.
- Partnership with Magnolia Bank - Magnolia Bank has partnered with Narmi to offer a best-in-class digital account opening experience for both consumers and businesses, enhancing their digital banking capabilities. (Source: Banking Dive, 2 weeks ago) [Read more](https://www.bankingdive.com/press-release/20250318-magnolia-bank-partners-with-narmi-to-offer-best-in-class-digital-account-op-1/)
- Launch of Narmi One - Narmi has launched Narmi One, a unified digital banking platform designed to support community financial institutions in adapting to the evolving digital landscape. (Source: Banking Dive, 3 months ago) [Read more](https://www.bankingdive.com/press-release/20241218-narmi-launches-narmi-one-the-unified-digital-banking-platform-for-communit/)
