Apiture Secures $10 Million in Latest Funding Round

Published 6 months ago

Wilmington, NC-based digital banking solution provider, Apiture, has announced the closing of a $10 million fundraising round. The round was led by T. Rowe Price Investment Management, Inc., and saw participation from other existing investors. The recent investment brings Apiture’s total funding to $79 million since the company was established in 2017.

Funding to Boost Product Development

The new capital will be used by Apiture to speed up product development initiatives. The company aims to continue expanding its sales and marketing efforts to meet the growing demand for the Apiture Digital Banking Platform. This platform currently serves over 300 banks and credit unions throughout the United States.

Apiture’s CEO, Chris Babcock, emphasized the company’s unwavering commitment to deliver leading digital banking solutions. “This additional funding enables us to further accelerate development initiatives that will help our clients thrive in a highly competitive market. We thank our existing investors, including T. Rowe Price Investment Management, Inc., Live Oak Bank, Pinnacle Financial Partners, and Truist Ventures, for their continued confidence in our business,” Babcock stated.

Recognition and Awards

Since launching the Apiture Digital Banking Platform in 2022, the company has earned significant industry recognition. Some of its recent awards include the Gold Winner for Embedded Finance Innovation by Juniper Research in its 2023 Future Digital Awards. It was also named the “Breadth of Functionality” winner by Celent in its 2022 xCelent Awards for Retail and Small Business Digital Banking Platforms. Furthermore, Apiture has been hailed as an “Overall Leader” in the Javelin Small Business Digital Banking and Retail Banking Vendor Scorecards.

About Apiture

Apiture is a leading provider of digital banking solutions to banks and credit unions throughout the U.S. Its flexible, highly configurable solutions cater to a wide range of financial institutions’ needs. The company’s API-first approach allows clients to maximize the capabilities of their platform while preserving a seamless user experience. Apiture is headquartered in Wilmington, North Carolina, with additional offices in Austin, Texas.