Lumin Digital, which provides cloud-based digital banking software to banks and credit unions, raised more than $115M at a $1.6B post-money valuation
THE SO WHAT
A $115M raise at a $1.6B valuation for Lumin Digital says regional banks and credit unions are still buying vertically tailored cores instead of rolling their own. If you're selling AI or infra into financial services, distribution through these digital banking platforms may be a faster path than chasing hundreds of small institutions directly.
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