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Narmi

Digital banking APIs for financial institutions

101-200 employees
  • Fintech
  • B2B
  • Banking
  • SaaS
  • API
335 Madison Avenue. Floor 16. New York, NY 10017

Company mission

To make world-class digital banking experiences accessible to everyone.

Insights

Top investors

Few candidates hear
back within 2 weeks

43% employee growth in 12 months

Otta's take

Sam Franklin headshot

Sam Franklin

CEO of Otta

The digitization of the banking world, led by the likes of Monzo, Wise and N26 and adopted by legacy banks threatens to leave smaller institutions behind. With over half of Americans doing most of their banking online, and just under half of the banking market share held by banks outside the top 15, Narmi is allowing its clients to close this gap.

Narmi provides cloud-based technology to credit unions, regional and community banks, allowing them to provide secure digital onboarding and e-banking to consumers and small businesses. Today, financial institutions with billions of dollars in deposits use Narmi to increase profitability, deposits, and accounts.

The company has decided to target the grassroots with whom local banks are more popular, particularly older customers who have only recently turned to digital banking. This approach has won it the confidence of Greycroft, NEA and Picus Capital who co-led its 2022 Series B funding round, and Narmi will be looking to use these funds to continue its impressive growth.

Benefits

  • 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

Company values

  • Openness is the future - For Narmi, openness means giving our customers the ability to grow and scale for their future, and a platform flexible enough to meet the needs of any financial institution.
  • Dependability is a given - Your customers need a tool that can meet their varied, demanding needs, right where they are — and Narmi surpasses expectations with an intuitive platform that that offers users everything they want, and then some.
  • Rewrite the financial story - Narmi’s focus on the financial health and wellness of our end-users means building beyond traditional banking. Our products are easy and intuitive to use, empowering every user with a holistic view of their finances and giving them the information they need to live healthier financial lives.

Funding (last 2 of 3 rounds)

Jun 2022

$35m

SERIES B

Feb 2021

$20.4m

SERIES A

$55.5m

Total funding

This company has top investors

Founders

Chris Griffin

(Co-founder)

Studied Finance and Operations at Georgetown. Worked as a Summer Analyst at Barclays and founded Undergrad Media whilst still a student. Joined Barclays's Equity Finance Trading division, and then moved to its Equity Synthetic Trading team. Co-founded Narmi in 2016.

Nikhil Lakhanpal

(Co-founder)

Studied Finance and Accounting at Georgetown. Spent 3 years at Citi as an Investment Banker before co-founding Narmi.