What is Apiture?
Apiture operates at the intersection of financial technology and cloud-based banking infrastructure. The company provides a comprehensive suite of digital banking platforms, mobile applications, and customer engagement tools designed to facilitate seamless online interactions. Founded through a strategic partnership between Live Oak Bank and First Data, Apiture was engineered to address the urgent industry demand for scalable, secure, and mobile-first banking solutions. Its core offerings empower financial institutions to compete effectively in an increasingly digital-centric landscape, where real-time account access and sophisticated digital payments are no longer optional, but essential requirements for customer retention and growth.
How much funding has Apiture raised?
Apiture has raised a total of $69M across 4 funding rounds:
Unspecified
$20M
Private Equity
$10M
Unspecified
$29M
Other Financing Round
$10M
Unspecified (2020): $20M with participation from T. Rowe Price and Pinnacle Bank
Private Equity (2021): $10M led by Bankers Healthcare Group LLC
Unspecified (2022): $29M supported by Live Oak Bank
Other Financing Round (2023): $10M featuring T. Rowe Price
Key Investors in Apiture
T. Rowe Price
A global asset management organization providing investment solutions and financial services to individuals, institutions, and retirement plan sponsors through active management and fundamental research.
Live Oak Bank
A specialized commercial bank and holding company that provides a range of banking products and services, with a strong focus on small business lending and digital innovation.
Pinnacle Bank
A financial institution providing comprehensive banking, investment, and insurance services, known for its focus on client service and regional market growth.
What's next for Apiture?
With the infusion of this latest capital, Apiture is well-positioned to accelerate its product roadmap and expand its footprint within the competitive fintech ecosystem. The company's strategic trajectory focuses on enhancing its cloud-native banking architecture to support the evolving needs of financial institutions, particularly in the realms of personalized customer experiences and advanced digital security. As the industry continues to shift toward open banking and integrated financial services, Apiture's focus on delivering robust, customer-focused technology platforms will likely remain a key driver of its long-term growth. The firm is expected to leverage this investment to deepen its market penetration and refine its suite of digital transformation solutions, ensuring that its banking partners remain at the forefront of technological innovation.
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