Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
    • ABF Journal Pulse
    • Resolving MCA Distress
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
    • ABF Journal Pulse
    • Resolving MCA Distress
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home Deal Announcements

Lumin Secures $160MM in Growth Funding from Light Street, NewView and Partners Group

byBrianna Wilson
December 9, 2024
in Deal Announcements

Lumin Digital, a cloud-native digital banking provider, raised over $160 million in growth equity financing, led by Light Street Capital, NewView Capital and Partners Group, acting on behalf of its clients. Lumin Digital plans to leverage the funding to accelerate its strategic growth initiatives, focusing on innovation and driving greater value for financial institutions, their members and shareholders.

“This is a powerful endorsement of Lumin Digital’s impact on the industry and enables us to expand our product offerings while preserving our culture of delivering exceptional value to our clients and their members,” Jeff Chambers, CEO of Lumin Digital, said. “We are grateful for the support of our investors who share our vision and commitment to transforming the digital banking experience.”

“Lumin Digital’s innovative platform, exceptional leadership and commitment to delivering outstanding value to clients and their members are redefining the digital banking experience and have set the company apart as a true industry leader,” Kevin Sullivan, partner at Light Street Capital, said. “We are excited to support Lumin Digital’s growth.”

“Lumin Digital’s impressive traction and impactful approach to digital banking have positioned it as a true leader in the financial services industry,” Ankit Sud, partner at NewView Capital, said. “We look forward to partnering with Lumin Digital as the company continues to scale and deliver exceptional value to financial institutions and their members.”

“Lumin Digital’s cutting-edge, cloud-native platform is transforming how financial institutions engage with their members, setting a new standard for personalized, seamless digital experiences,” Sanjay Ravi, managing director at Partners Group, said.

“We are proud to partner with Lumin as the company continues to drive innovation and revolutionize the industry,” Will Chen, managing director at Partners Group, said.

Velera, a payments credit union service organization (CUSO) and an integrated financial technology solutions provider, remains Lumin Digital’s primary investor.

“From the very beginning, Velera’s board and management have embraced and invested in Lumin Digital’s vision for revolutionizing the digital banking industry,” Chuck Fagan, CEO of Velera and chairman of Lumin Digital’s board of directors, said. “That investment has exceeded expectations, and we are proud to welcome new growth partners.”

FT Partners served as the exclusive strategic and financial advisor to Lumin Digital on this transaction.

Previous Post

VitalHub Increases Credit Facilities with The Bank of Nova Scotia

Next Post

AirBoss Enters New Facilities with TD, Canadian Imperial and Great Rock

Related Posts

Deal Announcements

TPG Twin Brook Serves as Administrative Agent on Two Transactions

September 4, 2026
Deal Announcements

System One Forms Strategic Investment Partnership with Oaktree and StepStone Group

September 4, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Bain Capital Supports Playfly Sports with $250MM Credit Facility

September 3, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

nFusion Provides $15MM ABL Facility to Transportation Company

September 3, 2026
Deal Announcements

Assembled Brands Fuels Laoban’s Growth with Scalable Line of Credit

September 3, 2026
Deal Announcements

Horizon Technology Finance Provides $15MM Loan Facility to Bioness Medical

September 3, 2026
Next Post

AirBoss Enters New Facilities with TD, Canadian Imperial and Great Rock

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ABL vs. Cash Flow Lending: The Convergence of Structures in Middle Market Deals

Slowing Growth, Rising Stress: What the Middle Market’s Diverging Credit Signals Mean for Lenders and Sponsors

August 21, 2026

Covenant Defaults and the “Bad PIK” Signal: What Lincoln International’s Senior Debt Index Is Telling Direct Lenders

August 27, 2026

Stopping MCA Withdrawals: Why an “MCA Attorney” May Not Be the First Call

August 14, 2026

TMA Leading Edge Series with Matthew English: Decision Paralysis: A Barrier to Turnaround

August 14, 2026

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
    • ABF Journal Pulse
    • Resolving MCA Distress
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years