Miami fin-tech player NYMBUS announced a big change at the top.
The leading provider of banking technology solutions named industry veteran Jeffery Kendall as CEO. The selection was approved by the Board and is effective Wednesday. He will succeed the company’s founder, Scott Killoh, who will continue to serve as Executive Chairman of the Board and advisor to the management team.
Kendall is “an experienced leader” in digital technology and has “a proven track record” of leadership at high-growth companies, NYMBUS said in its announcement. Kendall was Executive Vice President and General Manager of Kony DBX where he grew the digital banking division by 500 percent in two and a half years, leading to an acquisition by Temenos in 2019 for $520 million.
“With over a decade of investment in our award-winning portfolio and rising customer success, NYMBUS is poised to become a fintech market leader,” said Killoh. “Jeffery’s strong domain and go-to-market expertise delivers the right leadership at this critical time when more financial institutions are seeking our proven and risk-free strategies to quickly digitize their banking operations and customer-facing channels.”
As a unique alternative to the legacy business model, NYMBUS enables risk-free solutions for traditional banks and credit unions to rapidly innovate, digitize and grow their businesses. NYMBUS says with its solution, any size financial institution can launch a full-service digital bank in under 45 days,
Kendall said he was honored to lead such an exceptional team. “In record time, NYMBUS has already delivered over 25 successful customer deployments. This is a powerful validation of the efficacy of our robust software and solutions, and the trajectory for continued success and growth by remaining focused on serving our clients, creating significant value for our shareholders and providing exceptional opportunities for our employees.”
As Executive Chairman, Killoh will continue to be actively involved in NYMBUS’ market advancement and long-term business strategy as well as chairing the Board..
Nymbus announced this June it had raised $12 million in a financing round led by Insight Partners and Vensure Enterprises, one of the largest rounds in the first half for South Florida companies. In total, the fintech has raised more than $45 million, according to Crunchbase.
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