About SimpleNexus
SimpleNexus is a company based in Draper (United States) founded in 2011 was acquired by nCino in November 2021.. SimpleNexus has raised $128 million across 2 funding rounds from investors including nCino, Insight Partners and TVC Capital. SimpleNexus has completed 1 acquisition, including LBA Ware. SimpleNexus offers products and services including Mortgage Suite, Incentive Compensation, and Mortgage Analytics. SimpleNexus operates in a competitive market with competitors including Kyriba, Roostify, FINCAD, FundApps and Axi, among others.
- Headquarter Draper, United States
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Sectors
Financial ServicesTechnology
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Phone
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Website
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Social
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- Legal Name Simplenexus, Llc
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Products & Services of SimpleNexus
SimpleNexus offers a comprehensive portfolio of products and services, including Mortgage Suite, Incentive Compensation, and Mortgage Analytics. 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.
Automates loan processing and closing for financial institutions.
Manages automated incentive payments for payroll accuracy.
Provides insights and dashboards for mortgage performance tracking.
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Funding Insights of SimpleNexus
SimpleNexus has successfully raised a total of $128M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $108 million completed in January 2021. 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 Funding
- Total Rounds 2
- Last Round Series B — $108.0M
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First Round
First Round
(27 Jun 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series B - SimpleNexus | Valuation | Insight Partners | |
| Jun, 2018 | Amount | Series A - SimpleNexus | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in SimpleNexus
SimpleNexus has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include nCino, Insight Partners and TVC Capital. 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.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Growth equity investments are made in B2B software companies by TVC Capital.
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Cloud-based API platform for banking operations is provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SimpleNexus
SimpleNexus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include LBA Ware. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Automation and integration software for mortgage banking is offered.
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SimpleNexus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Simplenexus Comparisons
Competitors of SimpleNexus
SimpleNexus 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 Kyriba, Roostify, FINCAD, FundApps and Axi, 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 |
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| domain | founded_year | HQ Location |
Cloud-based treasury automation and risk management solutions are provided.
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| domain | founded_year | HQ Location |
Digital loan origination solutions are provided for mortgage lenders.
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| domain | founded_year | HQ Location |
Valuation and risk solutions for derivative portfolios are offered.
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| domain | founded_year | HQ Location |
Web-based compliance solutions are delivered for financial institutions' regulatory needs.
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| domain | founded_year | HQ Location |
Axi is recognized as a global online trading company.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Simplenexus
Frequently Asked Questions about SimpleNexus
When was SimpleNexus founded?
SimpleNexus was founded in 2011 and raised its 1st funding round 7 years after it was founded.
Where is SimpleNexus located?
SimpleNexus is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
Is SimpleNexus a funded company?
SimpleNexus is a funded company, having raised a total of $128M across 2 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Jun 27, 2018.
What does SimpleNexus do?
SimpleNexus was founded in 2011 and is headquartered in Draper, United States. Platforms for managing the full loan life cycle are provided to mortgage lenders within the fintech sector. Core offerings encompass tools for communication and collaboration among stakeholders, origination systems that support loan production and enhance customer satisfaction, and servicing solutions focused on loan closing processes. Operations emphasize efficiency in mortgage lending workflows across the United States.
Who are the top competitors of SimpleNexus?
SimpleNexus's top competitors include Kyriba, Cloudvirga and FundApps.
What products or services does SimpleNexus offer?
SimpleNexus offers Mortgage Suite, Incentive Compensation, and Mortgage Analytics.
How many acquisitions has SimpleNexus made?
SimpleNexus has made 1 acquisition, including LBA Ware.
Who are SimpleNexus's investors?
SimpleNexus has 3 investors. Key investors include nCino, Insight Partners, and TVC Capital.
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