nCino, a global banktech firm based in Wilmington, NC, and publicly traded on the NASDAQ under the ticker NCNO, has signed a definitive agreement to acquire Lehi, Utah-based SimpleNexus, developer of a mobile-first homeownership platform that touches more than 1 in every 8 home loan originations in the United States. "This is a stock and cash transaction valued at approximately $1.2 billion (~$240 million in cash and ~13.2 million shares of nCino common stock), making SimpleNexus the latest " unicorn " of the fintech space. The transaction is expected to close by the end of nCino's fourth fiscal quarter ending January 31, 2022.