Narmi

Digital banking solutions for financial institutions

New York City, New York, United States

About Narmi

Narmi provides digital banking solutions tailored for financial institutions like credit unions and community banks. Its platform includes online and mobile banking services, account opening tools, and an open API framework that allows easy integration with other financial services. Narmi operates on a subscription model, where clients pay for access to its digital tools and support. This approach helps financial institutions enhance user experience, improve operational efficiency, and reduce costs. Narmi's flexible platform allows clients to quickly adapt to market trends and customer needs, setting them apart from competitors in the fintech space. The company's goal is to empower financial institutions to thrive in the digital banking environment.

New York City, New YorkHeadquarters
2016Year Founded
$54MTotal Funding
SERIES_BCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Benefits

Competitive pay
401K matching
Medical, dental, & vision insurance
Student loan repayment assistance
Family planning
Volunteering time off
Learning and development stipend
Fitness & extra-curricular credits
Commuter benefits
Work from home stipend
Work from anywhere August
Team events, happy hours, & celebrations

Risks

Increased competition from challenger banks threatens Narmi's market share.
Economic downturns may limit clients' investment in digital solutions.
Reliance on fintech partnerships poses risks if partners face financial issues.

Differentiation

Narmi offers a seamless account opening process in under 2.5 minutes.
The platform supports open API integration for enhanced service personalization.
Narmi acts as a FedNow Service Provider, simplifying real-time payments for banks.

Upsides

Growing demand for digital banking boosts Narmi's market potential.
Partnerships with fintechs enhance Narmi's service offerings and customer reach.
Narmi's subscription model ensures steady revenue from financial institutions.

Funding

Total raised$53.99 M
Latest valuation$175.00 M
StageSERIES_B