Apiture Raises $29M to Scale API-First Digital Banking Platform

On July 14, 2022, Apiture announced a $29 million funding round to accelerate growth of its digital banking platform, which was initially launched in February 2022. The API-first platform provides banks and credit unions with consumer and business digital banking solutions, enabling them to modernize their customer-facing experiences. The funding will be used to scale the platform and expand Apiture's market reach among community and regional financial institutions.

Apiture's modular architecture allows banks to adopt digital capabilities incrementally, aligning with the broader BaaS trend of componentized financial services. The investment reflects investor confidence in the demand for modern banking infrastructure among traditional financial institutions. Specific investors and valuation details were not disclosed in the announcement.

The round positions Apiture to compete with other digital banking platform providers serving the mid-market bank segment.