By Zoran Temelkov July, 2022
Apiture, a provider of digital banking solutions, secures $29 million with its latest funding round led by Live Oak Bank. Existing investors also participated in the round. To date, the North Carolina-based fintech company raised a total of $69 million, with $20 million secured in July 2020 round and $10 million raised in January 2021 round.
Apiture will use the funds to augment its marketing and sales efforts, speed up the product development process and satisfy the demand for its digital banking platform launched in 2022. The company was founded in 2017 as a joint venture between First Data Corporation and Live Oak Bank.
Apiture platform and services enable regional and community banks to overcome their technological disadvantages when competing with larger banks. Apiture eases the process of building front-ends for banks and offers embedded banking services. The company claims that its serves more than 300 clients in the U.S., offering comprehensive online and mobile solutions. Moreover, the Apiture digital banking platform has partnerships with more than 200 fintech companies.