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New Deal


Announced

nCino to acquire DocFox.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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digital solutions

Friendly

Single Bidder

Acquisition

Majority

banking technology

Digital Services

Domestic

Pending

United States

automating onboarding experiences

Private

Synopsis

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nCino, a provider of cloud banking for the global financial services, agreed to acquire DocFox, a solution provider of automating onboarding experiences for commercial and business banking. Financial terms were not disclosed. "Since day one, nCino was developed to help digitize, automate, and streamline complex processes to create more efficient workflows and better experiences for financial institutions and their clients," Pierre Naudé, nCino CEO and Chairman of the Board.

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