nCino buys British firm FullCircl for $135M
Summary
Wilmington-based financial technology company nCino agreed to buy FullCircl, a London-based software as a service (SaaS) platform, for $135 million. The companies formed a partnership in 2023 and they have several mutual customers, including some large financial institutions in the United Kingdom along with others service small and medium enterprises. “The acquisition of FullCircl is a strategic move for nCino that will not only enhance our data and automation capabilities but also enable us to expand our reach across the UK and more broadly in Europe with an end-to-end experience for full client lifecycle management,” CEO Pierre Naudé stated in a release. FullCircl and nCino both “serve regulated industries who walk a tightrope between a strict operating rulebook and a mandate to deliver growth and shareholder value, all while providing a seamless client experience,” CEO Andrew Yates said. In March, nCino agreed to buy DocFox, a South Africa-based onboarding service provider for commercial and business banks, for $75 million.
