Investors surprised by nCino's $18.6M Q4 loss, cautious guidance
Shares in cloud banking solutions provider hit a new all-time low after company posts guidance that revenue from the company's main line of business could shrink by as much as 7% this year
by Matt Carter Apr 2
NCino acquires integration partner Sandbox Banking for $52.5M
In a flurry of activity, the cloud banking solutions provider appointed Sean Desmond as CEO while granting a big shareholder, HMI Capital Management, a seat on its expanded board of directors
by Matt Carter Feb 12
Growth helps cloud banking tech provider nCino trim Q3 loss by 67%
By adding new customers and selling additional services to existing clients, nCino grew revenue by 14% from a year ago, to $138.8M, helping the company slash its Q3 net loss to $5.3M
by Matt Carter Dec 4
Polly hiring after landing $25M in new equity funding led by 8VC
New funding will allow Polly's product and engineering teams to double down on new product innovation, including a new AI platform that was recently in closed beta testing
by Matt Carter Sep 10
Mortgage a tough nut to crack for technology provider nCino
Shares in the cloud banking solutions developer are down 14% after it says that mortgage tech business acquired for nearly $1B has been a drag on growth but is expected to pick up
by Matt Carter Aug 28
The analyst who predicted a 30% fall in commissions has more to say
Veteran KBW analyst Ryan Tomasello will be talking about the 'watershed moment' that could lead to consolidation and innovation across the real estate industry at Inman Connect Las Vegas
by Matt Carter Jul 22
Polly, nCino integration could help lenders build referral business
A growing network of partners including CoreLogic and Byte Software are accessing Polly's capital markets platform and product and pricing engine through application programming interfaces
by Matt Carter May 20
Truv aims to grow mortgage client base with new integrations
More lenders can access Truv's income and employment verification services following recent integrations with Dark Matter Technologies' Empower platform, Freddie Mac and nCino
by Matt Carter Feb 20
After retiring SimpleNexus brand, nCino grows its mortgage business
Since acquiring SimpleNexus for $933.6M and rebranding the company, nCino has been signing new clients and cross-selling its mortgage solution to existing bank and credit union clients
by Matt Carter Jan 3
The biggest mortgage, lending and housing finance stories of 2021
The rise of Power Buying, regulatory battles, Fed tapering and big acquisitions rattled lending decisions and homebuyer game plans during a momentous year for the mortgage industry
by Matt Carter Dec 29
Mortgage tech startup SimpleNexus to be acquired by nCino for $1.2B
Deal provides cloud banking solutions provider nCino with an entry point into the $4B US point-of-sale mortgage market
by Matt Carter Nov 17