Michigan State University Federal Credit Union (MSUFCU) has partnered with financial infrastructure provider Nymbus to offer digital tools for credit unions to serve the small and medium-sized business (SMB) market, enhancing product offerings and services for SMB owners.
Facts
- MSUFCU has partnered with Nymbus to access “bank in a box” digital tools for credit unions to cater to the SMB market.
- Nymbus SMB provides features like invoicing, compliance, cash flow analytics, digital banking, and cash management tools to help credit unions compete with traditional banks in attracting SMB customers.
- MSUFCU previously participated in Nymbus’ Series D funding round, raising $70 million with Insight Partners, ConnectOne Bank, and Mendon Venture Partners.
- Nymbus CEO, Jeffery Kendall, sees this partnership as a pivotal opportunity to connect credit unions with modern tools to meet the needs of the growing SMB market.
- MSUFCU’s alignment with Nymbus is described as a strategic move by April Clobes, enabling the credit union to enhance its product offerings and services for small business owners.
