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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- 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.
Automates loan processing and closing for financial institutions.
Manages automated incentive payments for payroll accuracy.
Provides insights and dashboards for mortgage performance tracking.
People of SimpleNexus
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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.
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.
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Investment firm scaling software and technology companies from early to late stages.
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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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Investor details for SimpleNexus
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Investments & Acquisitions by SimpleNexus
SimpleNexus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include LBA Ware.
Investment portfolio details for SimpleNexus
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Automation and integration software for mortgage banking is offered.
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Complete acquisition details for SimpleNexus
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Financial Statements - SimpleNexus
Detailed financials for SimpleNexus
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Simplenexus Comparisons
Peer comparison for SimpleNexus
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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.
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Cloud-based treasury automation and risk management solutions are provided.
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Digital loan origination solutions are provided for mortgage lenders.
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Valuation and risk solutions for derivative portfolios are offered.
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Web-based compliance solutions are delivered for financial institutions' regulatory needs.
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Axi is recognized as a global online trading company.
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Detailed competitors of SimpleNexus
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Latest news on Simplenexus
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Frequently Asked Questions about SimpleNexus
SimpleNexus was founded in 2011 and raised its 1st funding round 7 years after it was founded.
SimpleNexus is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
SimpleNexus is a funded company, having raised a total of $128M across 2 funding rounds to date.
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.
SimpleNexus's top competitors include Kyriba, Cloudvirga and FundApps.
SimpleNexus offers Mortgage Suite, Incentive Compensation, and Mortgage Analytics.
SimpleNexus has made 1 acquisition, including LBA Ware.
SimpleNexus has 3 investors. Key investors include nCino, Insight Partners, and TVC Capital.