Narmi Raises $35M Series B to Expand API-Driven Digital Banking Middleware

Narmi announced a $35M Series B funding round on June 15, 2022, to expand its API-driven middleware platform that layers digital banking services on top of existing bank infrastructure. The company provides regional and community banks with modern digital capabilities including account opening, mobile banking, and business banking tools without requiring a core system replacement. The new funding will be directed toward expanding Narmi's middleware API layers and building out its business banking product suite.

By enabling traditional banks to offer competitive digital experiences, Narmi occupies a critical position in the BaaS ecosystem as an enabler of bank modernization. The raise reflects investor confidence in the middleware-as-modernization approach, where banks can incrementally upgrade their customer-facing capabilities. Financial terms beyond the $35M headline figure were not disclosed in detail.