Lumin Digital in San Ramon, Calif., raised $70 million.
The digital platform said in a press release that the new funding round will support advancements in AI, payments, CRM, and lending.
The capital raise follows a recent $45 million growth equity financing led by Light Street Capital.
“We’ve built Lumin around a simple idea: the financial institutions that depend on our platform should have a stake in it,” Jeff Chambers, the company’s founder and CEO, said in the release. “Fifteen more clients made that commitment in this round, and Light Street doubled down on theirs. Together, that tells us … the people who know this company best, our customers and our lead investor, believe in where we’re taking it.”
FT Partners was the company’s strategic and financial adviser.