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nCino Acquires FullCircl

Oct 30, 2024•over 1 year ago

Contract Type

partnership

WilmingtonProfessional ServicesFinancial ServicesSoftwareArtificial IntelligenceFintechBanking

Description

Cloud banking platform nCino has agreed to acquire Client Lifecyle Intelligence platform FullCircl. The acquisition, valued at $135 million, comes after the two companies forged a partnership last year to improve the efficiency and profitability of acquiring, onboarding, and servicing SME customers. The acquisition marks an exciting step forward in driving innovation and powering a new era in financial services.

Company Information

Company

nCino

Location

6770 Parker Farm Dr

Wilmington, North Carolina, United States

About

nCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 1,800 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino has developed a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, AI and data.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months