Apiture Raises $20M to Expand API-First Digital Banking Platform

Apiture, a digital banking experience company, announced a $20 million funding round on October 7, 2020. The round was backed by T. Rowe Price Associates and Pinnacle Bank, a community banking partner.

The funds are earmarked for enhancing Apiture's two core platforms: Apiture Xpress and Apiture Open, both described as API-first, cloud-native digital banking products. Apiture Open in particular is positioned as a modern platform enabling financial institutions to deliver differentiated digital customer experiences. The company serves over 400 U.S. financial institutions, making it a significant player in the community and regional bank digital transformation space.

Apiture's CEO highlighted the investment's role in accelerating product development and customer engagement capabilities. The round reflects strong investor interest in banking infrastructure platforms during a period of rapid digital adoption driven by the COVID-19 pandemic.