Lumin Digital, a cloud-native digital banking provider in San Ramon, Calif., raised more than $160 million in equity financing.
Lumin Digital said in a press release that the financing was led by Light Street Capital, NewView Capital and Partners Group.
Lumin Digital said it will use the funds to accelerate its strategic growth initiatives.
“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,” Jeff Chambers, the company’s CEO, said in the release.
Velera, a payments-focused credit union service organization, remains Lumin Digital’s primary investor.
FT Partners advised Lumin Digital.