Lumin Digital Raises $115 Million in New Capital to Further Invest in Product Innovation; Reaches a $1.6 Billion Valuation

Strong client participation reaffirms company's market position as a leading growth platform for financial institutions

SAN RAMON, Calif.--(BUSINESS WIRE)--Lumin Digital, the Compounding Growth Platform for banks and credit unions, today announced more than $70 million in new investment from clients of the company. The investment reflects continued confidence in the company’s vision, execution, and long-term growth, with a growing number of clients choosing to invest alongside existing shareholders as Lumin expands its market presence and platform capabilities. This follows a recent $45 million growth equity financing led by Light Street Capital, totaling more than $115 million in fresh capital for the business.

The new funding will support Lumin’s continued innovation roadmap, accelerating advancements in AI, payments, CRM, lending, and other high-impact product expansion categories centered on its unified digital banking platform. The company has demonstrated consistent and sustainable growth, exceeded financial goals while improving margins and operational efficiency, and maintained best-in-class client satisfaction with an NPS of 94. Third-party research confirms client outcomes: an independent study by 451 Research, part of S&P Global Market Intelligence, finds 145% ROI over five years and a 10.8-month payback period.

The announcement builds on Lumin Digital's $170 million growth equity round completed in December 2024 and the $75 million in client investment announced in March 2025. The combination of these capital raises leaves Lumin with a strong balance sheet, ensuring it can serve clients from a position of strength.

"We've built Lumin around a simple idea: the financial institutions that depend on our platform should have a stake in it," said Jeff Chambers, founder and CEO of Lumin Digital. "Fifteen more clients made that commitment in this round, and Light Street doubled down on theirs. Together, that tells us something. The people who know this company best, our customers and our lead investor, believe in where we're taking it. This capital accelerates Lumin's platform expansion already underway, and we're doing it with a cap table built for the long term."

“Lumin Digital’s commitment to serving banks and credit unions is unwavering, fostering a client relationship that is truly unique among software vendors,” said Kevin Sullivan, Partner at Light Street Capital. “We are proud to continue our support of Lumin, in partnership with Clients, to build the go-to cloud platform for financial institutions in the era of AI.”

"We are investing in Lumin Digital because we've seen firsthand what the platform does for user growth and digital engagement,” said Dave Larson, Chief Executive Officer, Affinity Plus. “This is a company that has earned our trust, and investing was a natural extension of a relationship already built on shared outcomes."

Lumin's client-investor model reflects a broader philosophy: that the financial institutions best positioned to serve their members are those with a stake in the tools they use. By welcoming clients as investors, Lumin continues to deepen the alignment that has defined its approach since its founding in 2016.

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

About Lumin Digital
Lumin Digital is the Compounding Growth Platform for banks and credit unions. Purpose-built versus assembled, Lumin's cloud-native, AI-accelerated system doesn't just support growth; it accelerates it over time. The longer a financial institution runs on Lumin, the further ahead it gets — more users, deeper engagement, stronger retention, and expanding revenue compounding quarter after quarter. With unified, embedded intelligence that compounds alongside growth, every FI on Lumin builds a structural competitive advantage that widens over time. Lumin Digital. Built to break away and win. For more information, visit lumindigital.com, and follow on LinkedIn.

About Light Street Capital
Light Street Capital is a global investment firm focused on identifying and investing in disruptive technology businesses across both public and private markets. Headquartered in Palo Alto, Light Street sits at the epicenter of innovation, utilizing its deep network of technology executives and venture capitalists to study emerging trends, identify leading growth companies, and partner with exceptional management teams who are building the next generation of enduring technology businesses. Light Street manages capital across several public fund strategies in addition to its concentrated dedicated private growth investing business. Light Street’s private investments include companies such as Ayar Labs, Chime, Gitlab, Pinterest, Scale AI, Slack, SmartHR, Toast, Toss, Uber, and Unity, among others.

About FT Partners
Financial Technology Partners’ U.S. Investment Banking business is conducted through FTP Securities LLC, a member of FINRA and SIPC. FTP Securities LLC is a FINRA registered broker dealer (www.finra.org) and member of SIPC (www.sipc.org). FTP Securities LLC does not offer or sell securities to, or carry accounts for, retail customers. FTP Securities LLC does not make a market in any security. These registrations and memberships in no way imply that FINRA or SIPC have endorsed any of the entities, products, or services discussed herein.

This press release contains forward-looking statements within the meaning of the applicable securities laws. These statements include, but are not limited to, statements regarding Lumin's valuation, anticipated use of proceeds from the capital raises, and future performance, growth strategies, and business outlook. Forward-looking statements are generally identified by words such as “anticipates,” “believes,” “estimates,” “may,” “plans,” “will,” “would,” and similar expressions. These statements are based on management’s current expectations and assumptions as of the date of this press release and are subject to significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to, changes in market conditions, the company’s ability to execute its business plan, competition, regulatory developments, general economic conditions, and other factors beyond the company’s control. The valuation referenced herein reflects the terms of the recently completed capital raise and should not be considered as a guarantee of the company’s current or future market value. Lumin undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.