The digital banking tool provider, formed by Live Oak Bank and First Data, has pulled in funding from investors including Pinnacle Bank.

US-based digital banking technology provider Apiture completed a $20m funding round on Tuesday that included financial services firm Pinnacle Bank and funds and accounts advised by investment manager T. Rowe Price.

Apiture produces open and digital banking software that enables banks and credit unions to modernise their services. It claims to have more than 400 financial institutions in its customer base.

The company was founded in 2017 as a joint venture between financial services firm Live Oak Bank and First…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.