Estimated reading time: 0 minutes, 24 seconds

Digital Mortgage Platform SimpleNexus Sold for $1.2B

SimpleNexus, a tech startup offering a digital mortgage platform for loan officers, borrowers and real estate agents, has inked a sale worth $1.2 billion to cloud banking solutions developer nCino. So reports WilmingtonBiz.

ncinoThe deal includes roughly $240 million in cash and 13.2 million in nCino shares, according to a press release.

nCino said the purchase expands its “serviceable addressable market by over $4 billion and furthers its competitive position as the single digital banking platform of choice.”

Read the full article from WilmingtonBiz.

Read 1675 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.