Lumin Digital, a company focused on digital banking solutions, has announced that it has raised $115 million in new capital. This funding is aimed at expanding its unified digital banking platform, which is designed to support banks and credit unions.
The investment includes $70 million in new funding, which will be utilized to enhance the capabilities of the platform, transforming it into a Compounding Growth Platform. This initiative is expected to provide significant benefits to financial institutions looking to grow their digital offerings.
With this new capital, Lumin Digital is poised to strengthen its position in the fintech space, offering innovative solutions that cater to the evolving needs of the banking sector.