“Can a modern, API-first digital banking layer let community banks and credit unions out-innovate mega-banks and neobanks without ripping out their core?”
Founded in 2016 by two former community-FI operators, Narmi built a cloud-native, API-first digital banking platform explicitly for community banks and credit unions rather than the mega-bank market. The company has steadily broadened from digital account opening and consumer/business banking into an integrated 'Narmi One' platform covering FedNow instant payments (Narmi Now), fraud (Narmi Guard), back-office (Narmi Command), lending (Narmi Lend, 2025), and agentic AI (Narmi AI + MCP server, 2026). Its strategic differentiator is deep integration with legacy cores (FIS IBS/Horizon, Fiserv Premier/DNA, Symitar/Silverlake, Corelation Keystone, COCC) so community FIs can modernize the front-end without replacing the core.
Narmi processes payments through Stripe and Authorize.Net. Disclosed money-movement rails: FedNow and Wire.
Narmi's lending and capital products are provided by Narmi Lend (in-house).
Narmi uses GrailPay for fraud prevention.
Narmi integrates with Ninth Wave (open finance connectivity to accounting/ERP systems).
The Embedded Finance Index 2026 maps 6 layers in Narmi's stack: Payments / PSP (Stripe and Authorize.Net); Money movement (FedNow and Wire); Lending (Narmi Lend (in-house)); Unified APIs (Ninth Wave); Accounting (Ninth Wave (open finance connectivity to accounting/ERP systems)); Fraud (GrailPay).
Narmi was founded by Nikhil Lakhanpal and Chris Griffin and is founded in 2016, headquartered in New York, NY, USA.
Narmi has raised ~$55M+ in total (latest round: Series B, 2022).
Get a read on where your own stack stands against Narmi and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.