Lumin Digital Secures $160M in Funding Led by Light Street Capital, NewView Capital, and Partners Group

Lumin Digital, a cloud-native digital banking provider based in San Ramon, California, has successfully raised over $160 million in growth equity financing. The funding round was led by Light Street Capital, NewView Capital, and Partners Group, acting on behalf of its clients. The company plans to utilize the capital to drive strategic growth initiatives, focusing on innovation and delivering more value for financial institutions, their members, and shareholders.

This investment underscores the influential role of digital banking platforms in modernizing the industry and offering customer-centric experiences.The company's innovative platform and exceptional leadership have positioned it as a leader in the financial services industry. Velera, a premier payments credit union service organization and an integrated financial technology solutions provider, remains Lumin Digital's primary investor.

Founded in 2016, Lumin has consistently exceeded its annual financial goals and achieved a revenue growth rate of over 60% in the past year. FT Partners served as the exclusive strategic and financial advisor to Lumin Digital on this transaction. Lumin Digital aims to continue driving innovation forward for the success of its clients and their members. The company's unique approach allows its clients to innovate and scale at their own pace, optimize digital banking ROI, and create a strong digital relationship with their customers.

Source: PR NewsWire