Narmi

Overview
News
FinTech Infrastructure?
Product stageSegments
Early
?
Banking services
?

Narmi provides an API-based banking infrastructure for legacy incumbent banks and credit unions (including regional and community financial institutions) to build and offer digital banking solutions. Its solutions range across consumer and business digital banking, digital account management, and digital back-office administration. The company also offers “Narmi Analytics” to enable users to create customized reports and dashboards.


Narmi claims that end users can open banking accounts in around two minutes by using the infrastructure.

Key customers and partnerships

Narmi has several large banks using its platform, including top 150 bank Berkshire Bank. Its customers also include Grasshopper Bank, Greater Alliance, and LendingClub. The platform can be integrated with several third-party technology platforms such as Lemonade, BillShark, Plaid, Alloy, and MX.


Funding and financials


Narmi raised USD 35 million in Series B funding in June 2022 co-led by Greycroft, NEA, and Picus Capital. The company intended to invest the funds in recruitment, product development for business banking, and supporting middleware APIs.

HQ location:
335 Madison Ave 3rd Floor New York NY USA
Founded year:
2016
Employees:
51-100
IPO status:
Private
Total funding:
USD 55.5 mn
Last Funding:
USD 35.0 mn (Series B; Jun 2022)
Last valuation:
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