nCino completed the acquisition of SimpleNexus for $1.2bn.

nCino, a provider of cloud-based software for financial institutions, completed the acquisition of SimpleNexus, a developer of homeownership platforms connecting loan officers, borrowers, real estate agents, and settlement agents, for $1.2bn. “We are excited to officially welcome the SimpleNexus team to the nCino family. The combination of nCino and SimpleNexus brings together two best-in-class, cloud-native companies focused on transforming the financial services industry by streamlining and simplifying cumbersome financial processes with innovative, market-leading technology solutions. Together, we can enhance the offerings for our customers and strengthen nCino’s position as the worldwide leader in cloud banking," Pierre Naudé, nCino CEO.