Lumin Digital, a San Francisco based cloud-native digital banking provider, announced it has raised over $160M in growth equity financing, led by Light Street Capital, NewView Capital, and Partners Group, acting on behalf of its clients.
Lumin Digital plans to leverage the funding to accelerate its strategic growth initiatives, focusing on innovation and driving greater value for financial institutions, their members, and shareholders.
“This is a powerful endorsement of Lumin Digital’s impact on the industry and enables us to expand our product offerings while preserving our culture of delivering exceptional value to our clients and their members,”
said Jeff Chambers, CEO of Lumin Digital.
“We are grateful for the support of our investors who share our vision and commitment to transforming the digital banking experience.”
Founded in 2016, Lumin has consistently achieved its annual financial targets, while also improving gross margin, operating efficiencies, and net retention.
FT Partners served as the exclusive strategic and financial advisor to Lumin Digital on this transaction.
Featured image credit: edited from freepik
