Lumin Digital, a cloud-native digital banking platform, has successfully secured over $160 million in growth equity financing, with contributions from Light Street Capital, NewView Capital, and Partners Group leading the way.
Established in 2016, Lumin Digital boasts more than 50 clients and an extensive user base exceeding five million. The company has experienced a remarkable revenue growth rate of over 60% in the past year alone.
Jeff Chambers, CEO of Lumin Digital, expressed his enthusiasm, stating, “This significant funding reflects Lumin Digital’s impact on the industry. It positions us to broaden our product offerings while maintaining our commitment to delivering exceptional value to our clients and their members.”
Velera, a credit union service organization, continues to be Lumin Digital’s primary investor. Chuck Fagan, CEO of Velera and chairman of Lumin Digital’s board of directors, remarked, “From the outset, Velera’s board and management have wholeheartedly supported Lumin Digital’s vision to transform the digital banking landscape.”