nCino Acquires Sandbox Banking to Fuel Banks’ Digital Transformation

nCino acquires iPaaS provider Sandbox Banking

US cloud banking software provider nCino has acquired Sandbox Banking, an Integration-Platform-as-a-Service (iPaaS) company that supports digital transformation in the financial services industry. The deal, valued at $52.5m with an additional earn-out opportunity of up to $10m, bolsters nCino’s capabilities in enhancing data connectivity and streamlining operations for banks and credit unions. Financial institutions often encounter challenges wi…

Wilmington firm nCino continues spate of purchases with $52.5M acquisition

Wilmington banking software firm nCino announced the $52.5 million acquisition of another fintech firm, Sandbox Banking. The purchase price includes an additional earn-out opportunity of up to $10 million. Last year, nCino acquired London-based FullCircl, a business-to-business, software as a service (SaaS) platform, for $135 million and South African onboarding software company DocFox for $75 million.

nCino Acquires Sandbox Banking to Fuel Banks’ Digital Transformation

Banking solutions provider nCino has acquired Integration-Platform-as-a-Service (iPaaS) company Sandbox Banking. The deal, announced Tuesday (Feb. 11), is designed to bolster nCino’s ability to improve data connectivity and streamline operations for banks and credit unions. “Financial institutions frequently build new connections to support emerging products, user workflows, or external systems, but digital transformation is often slowed by time…