Narmi, with the slogan "Be Where Banking Is Going," offers cutting-edge digital banking and account opening platforms tailored for financial institutions. The platform, designed for enterprise use, enables opening accounts in under 2.5 minutes and fostering long-term relationships through intuitive mobile and online channels. The company's products seamlessly integrate with leading core banking systems, bringing tangible benefits to financial institutions. According to data, **financial institutions using Narmi** have seen significant improvements including a **20% increase in NPS**, a **55% rise in new account applications from non-account holders**, a **50% decrease in support volume**, a **63% improvement in support response time**, a **137% increase in app store rating**, and a **65% reduction in time from application start to submission**. Founded in **2016** by a team previously in leadership roles within a financial institution, Narmi's frustration with available digital technology prompted the creation of the company, which is primarily headquartered in **New York City**. The most recent milestone for Narmi is its **Series B investment of $35.00M** on **June 15, 2022**, led by **New Enterprise Associates, Contour Ventures, Greycroft, and Picus Capital**. Narmi's focus remains on constructing enduring digital experiences for financial institutions, situated within the **Financial Services, Fintech, and Banking industries**.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | $35.00M | 4 | 15 Jun 2022 | |
Series A | $20.40M | 5 | 02 Feb 2021 | |
Convertible Note | Unknown | 1 | 15 May 2019 | |
Seed Round | Unknown | 4 | 10 Dec 2018 | |
Seed Round | Unknown | - | 01 Nov 2018 |
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