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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.”

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