About FinSuite
FinSuite is a Financial Services company based in Melbourne (Australia) founded in 2010, and was acquired by nCino in November 2019. OCR-based automation software for banking and finance processes is provided. The company was acqui-hired. Its focus areas include FinTech, Banking Tech, Loan Life Cycle Management and Document Processing.
Company details
FinSuite provides process automation software leveraging OCR for the Banking Finance Industry. It developed patented technology that aims to reduce the cost and time required to analyze business structures and financials on loan applications. It provides products like: BizAnalyser, a fully automated financial spreading application; TFN Remover, which automatically locates and removes Tax File Numbers from documents, corporate groups, that creates corporate group diagrams, conduct ratio analysis of financials and automatically produce a credit application. It was a part of FinTech Innovation Lab in 2014.
- Headquarters Melbourne, Australia
- Stage Acquired
- SectorsFinancial Services
- Website finsuite.com.au
- Social LinkedIn X
- Acquired by nCino (Nov 2019)
Funding Insights of FinSuite
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of FinSuite with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2014 | Seed | – | FinTech Innovation Lab | – |
2 investors in total: 2 institutional.
Investors in FinSuite
FinSuite has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include nCino and FinTech Innovation Lab.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global program assisting fintech startups with scaling in key financial markets. | fintechinnovationlab.com | |||
Cloud-based API platform for banking operations is provided. | 2011 | ncino.com | Wilmington, United States |
Investor details for FinSuite
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of FinSuite
3 dated milestones of FinSuite across 9 years, from founding to its latest funding, stage changes and deals.
- Founded FinSuite is founded.
- Funding First funding round.
- Exit Acquired by nCino.
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Frequently Asked Questions about FinSuite
FinSuite was founded in 2010 and raised its 1st funding round 4 years after it was founded.
FinSuite is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
FinSuite provides process automation software leveraging OCR for the Banking Finance Industry. It developed patented technology that aims to reduce the cost and time required to analyze business structures and financials on loan applications. It provides products like: BizAnalyser, a fully automated financial spreading application; TFN Remover, which automatically locates and removes Tax File Numbers from documents, corporate groups, that creates corporate group diagrams, conduct ratio analysis of financials and automatically produce a credit application. It was a part of FinTech Innovation Lab in 2014.
FinSuite has 2 investors. Key investors include nCino, and FinTech Innovation Lab.
Yes. FinSuite was acquired by nCino in November 2019.