Investment will accelerate digital banking provider’s product development initiatives and boost sales efforts
Apiture, a leading provider of digital banking solutions, announced the closing of a $10 million fundraising round led by funds and accounts advised by T. Rowe Price Investment Management, Inc., with participation from other existing investors. The investment brings the total funding raised by Apiture to $79 million since its inception in 2017.
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Apiture will use the additional capital to accelerate product development initiatives and continue to expand its sales and marketing efforts to meet demand for the Apiture Digital Banking Platform, which serves more than 300 banks and credit unions throughout the United States.
“Apiture is relentlessly focused on delivering best-in-class digital banking solutions through continuous innovation and integrations with best-of-breed fintechs,” said Chris Babcock, CEO, Apiture. “This additional funding enables us to further accelerate development initiatives that will help our clients thrive in a highly competitive market. We thank our existing investors who participated in this round, including funds and accounts advised by T. Rowe Price Investment Management, Inc., Live Oak Bank, Pinnacle Financial Partners, and Truist Ventures, and all our investors for their continued confidence in our business.”
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Apiture has gained significant industry recognition since launching the Apiture Digital Banking Platform in 2022. Recent awards include selection as Gold Winner for Embedded Finance Innovation by Juniper Research in its 2023 Future Digital Awards and “Breadth of Functionality” winner by Celent in its 2022 xCelent Awards for Retail and Small Business Digital Banking Platforms. Apiture was also named an “Overall Leader” in the Javelin Small Business Digital Banking and Retail Banking Vendor Scorecards.
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Source – APITURE
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