Nomis Solutions offers a cloud-native pricing and profitability management platform for retail banks and mortgage lenders, combining big data, machine learning, and AI with industry expertise. The company recently launched its nSight solution for mortgage and deposit pricing and says it has made significant investments in its core platform. Nomis reports 60 percent customer growth over the last six months and positions its platform to help banks tailor product offerings and protect margins amid changing market conditions. The Nomis Platform manages over $2.5 trillion in transaction volume, quotes a price every 60 milliseconds, empowers 14,000+ bankers, and generates nearly $800 million in value annually. With new capital from the investor, Nomis plans to accelerate market-driven innovation and further build out its pricing capabilities and customer-centric analytics. Nomis Solutions is a fintech software company offering a SaaS price-optimization and profitability-management platform for retail banks. Its platform combines big data, advanced modeling, and deep analytics to enable individualized, real-time customer-level pricing across products. Nomis was founded in 2004 and is headquartered in Silicon Valley. The company is used by seven of the top 25 North American retail banks, has over 30 deployments globally and experience in over 80 implementations. In Q1 2017 nearly a trillion dollars in retail transactions were analyzed, priced and managed through its platform; Nomis optimizes nearly $1 trillion in banking transactions annually, with more than 10,000 active frontline bankers and returns of over $300 million to customers each year. Through the Accenture alliance, Nomis intends to expand its reach by leveraging Accenture’s systems-integration capabilities and financial-services expertise. Nomis Solutions is a software company delivering advanced pricing and profitability management for financial services companies. Its Nomis Pricing and Profitability Management Suite uses comprehensive market data and behavioral analytics to predict customer price sensitivity and set prices, interest rates and fees. The platform creates a consistent bank-wide standard, prioritizes individual customer needs, increases customer-side flexibility and optimizes bank pricing to strengthen lifecycle relationships. Headquartered in San Bruno, California, with offices in Toronto, Atlanta and London, Nomis reports experience across more than 50 implementations. Customers have optimized over $600 billion in banking transactions and generated over $600 million in incremental profits using Nomis' solutions. The company says proceeds from a new $5 million credit facility will be used to accelerate growth. Nomis Solutions builds loan-pricing software that analyzes customer data to guide banks on how to price loans. The company's tools are intended to help banks maximize profits by optimizing pricing decisions. Nomis is based in San Bruno, California. The article reports the company raised $8 million in a third round of financing. Existing investor Bain Capital Ventures led the round, with August Capital, Red Rock Ventures and SVB Capital participating. Nomis has raised $20 million in venture funding since 2004.

Total raised

$13M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Sep 2013