nCino provides a Bank Operating System for financial services built on the Salesforce platform that aims to improve employee efficiency and the customer experience for onboarding, loan origination and deposit account opening. The platform is powered by analytics and delivers actionable, data-driven insights while integrating with a financial institution’s transactional systems. Led by CEO Pierre Naudé, the company serves more than 1,100 customers globally with assets ranging from $30 million to $2 trillion. nCino employs more than 750 people across its headquarters and offices in London, Sydney, Toronto and Salt Lake City. The company raised a new round of funding of an undisclosed amount to accelerate innovation of its Bank Operating System through increased R&D, global expansion, and new talent acquisition and employee development. nCino offers a Bank Operating System that integrates with a financial institution’s core and transactional systems and is built on the Salesforce platform, integrated with Salesforce Financial Services Cloud. The platform combines CRM, deposit account opening, loan origination, workflow, enterprise content management, digital engagement and instant, real-time reporting in a single solution. The company serves more than 180 financial institutions across multiple countries, including 10 of the top 30 U.S. banks by asset size and credit union Navy Federal. nCino was founded in 2012 and is led by CEO Pierre Naudé. The company plans to use the new funding to accelerate global growth initiatives and continue development and innovation of its Bank Operating System. nCino offers a cloud-based Bank Operating System built on the Salesforce Platform to give banks and credit unions transparency into loan production pipelines, portfolios, and operating efficiencies. Its flagship solution is used by more than 40 financial institutions with assets ranging from $150 million to $200 billion. The company reported a record 2014 highlighted by 206% revenue growth. nCino said proceeds from the Series B will be used to expand operations domestically and enter international markets, accelerate product innovation, further engage with large enterprise banks, and grow its team with a focus on product development and customer success. The company positions its product as delivering increased profitability, productivity gains, and regulatory compliance. nCino is based in Wilmington, N.C. nCino provides a cloud-native Bank Operating System built on the Salesforce Platform that gives small- to mid-sized financial institutions visibility into loan production pipelines, portfolios, and operating efficiencies across business lines. Its flagship product aims to increase profitability, boost productivity, and support regulatory compliance. The company is focused on advancing its commercial lending capabilities and expanding into the community bank and credit union markets. nCino said it will use new capital to accelerate product evolution and speed go-to-market for new features while enhancing service and support. The firm received a $10 million investment from Wellington Management Company LLP to support these efforts. nCino previously raised $9 million in the prior spring from investors including John Mack, Eugene Ludwig, and Chip Mahan.

Total raised

$39M

Funding rounds

4

Latest round

Series B

Latest activity

Feb 2015