DocFox

Miami, United States Founded: 2016 • Age: 10 yrs Acquired By nCino
Provider of onboarding, and risk rating solutions for banks and credit unions
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About DocFox

DocFox is a company based in Miami (United States) founded in 2016 by Ryan Canin was acquired by nCino in March 2024.. DocFox has raised $6.33 million across 1 funding round from investors including nCino. DocFox offers products and services including nCino Platform, Credit Portfolio Management, and Commercial Onboarding. DocFox operates in a competitive market with competitors including Perfios, Signicat, IDnow, Onfido and IDfy, among others.

  • Headquarter Miami, United States
  • Founders Ryan Canin
  • Sectors
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Financial Services → FinTech & Digital Finance
Financial Services → FinTech & Digital Finance
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $6.33 M (USD)

    in 1 rounds

  • Latest Funding Round
    $6.33 M (USD), Series A

    Aug 22, 2022

  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    nCino

    (Mar 18, 2024)

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Products & Services of DocFox

DocFox offers a comprehensive portfolio of products and services, including nCino Platform, Credit Portfolio Management, and Commercial Onboarding. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Software for digitizing and automating financial institution processes

Tool to manage commercial loans and improve decision-making efficiency

Software for simplifying customer onboarding in banking operations

Funding Insights of DocFox

DocFox has successfully raised a total of $6.33M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.33 million completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 1
  • Last Round Series A — $6.3M
  • First Round

    (22 Aug 2022)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Aug, 2022 Amount Series A - DocFox Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in DocFox

DocFox has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include nCino. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Institutional
Investor Description Founded Year Domain Location
Cloud-based API platform for banking operations is provided.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by DocFox

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - DocFox

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Docfox Comparisons

Employees
+
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Competitors of DocFox

DocFox operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Perfios, Signicat, IDnow, Onfido and IDfy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Provides financial technology solutions for data analysis and verification globally.
domain founded_year HQ Location
Software solutions for identity management are provided via APIs.
domain founded_year HQ Location
Automated and expert-led identity verification services are provided.
domain founded_year HQ Location
Identity verification solutions are provided, including document and biometric authentication.
domain founded_year HQ Location
Identity verification, background screening, and fraud prevention solutions are provided.
domain founded_year HQ Location
Mobile platform offering credit cards
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Docfox

Frequently Asked Questions about DocFox

When was DocFox founded?

DocFox was founded in 2016 and raised its 1st funding round 6 years after it was founded.

Where is DocFox located?

DocFox is headquartered in Miami, United States. It is registered at Miami, Florida, United States.

Who is the current CEO of DocFox?

Ryan Canin is the current CEO of DocFox. They have also founded this company.

Is DocFox a funded company?

DocFox is a funded company, having raised a total of $6.33M across 1 funding round to date. The company's 1st funding round was a Series A of $6.33M, raised on Aug 22, 2022.

What does DocFox do?

DocFox was founded in 2016 in Miami, United States, within the fintech sector. Onboarding solutions, including white-labeled KYC for customer integration, are offered to banks and credit unions. Adverse media and news screening supports auditing processes, while risk rating and automated reviews assist in credit risk evaluations for businesses. Transaction reconciliation services are also delivered to streamline operations.

Who are the top competitors of DocFox?

DocFox's top competitors include IDnow, Perfios and IDfy.

What products or services does DocFox offer?

DocFox offers nCino Platform, Credit Portfolio Management, and Commercial Onboarding.

Who are DocFox's investors?

DocFox has 1 investor. Key investors include nCino.

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