On Wednesday, Cece Nunn from the Greater Wilmington Business Journal reported on the estimated $51 million that nCino recently raised to fund its growth and innovation. According to the article, nCino is a Wilmington-based banking software firm that was founded in 2012 creating hundreds of jobs in the Wilmington area. Cece Nunn reports:
“Wilmington-based banking software firm nCino recently raised nearly $51.5 million to fuel its global growth and product innovation, company officials said Wednesday.
The funding round was led by Salesforce Ventures, the corporate investment group of Salesforce, with participation from another existing nCino shareholder, according to a news release. nCino filed a form D with the SEC for the $51.46 million on Jan. 30.
nCino’s Bank Operating System is built on the Salesforce platform and integrated with Salesforce Financial Services Cloud.
‘From day one, our vision has been to be the worldwide leader in cloud banking,’ said Pierre Naudé, CEO of nCino, in the release. ‘We are successfully executing on that vision and empowering financial institutions around the globe to grow their business and better serve their customers. Our strong alignment with Salesforce has been a key factor in our growth and success. We are thrilled to deepen our partnership with them and further our joint efforts to transform the financial services industry…’
nCino also announced Wednesday that its customer portfolio now includes more than 180 financial institutions across multiple countries, including 10 of the top 30 U.S. banks by asset size and Navy Federal, the world’s largest credit union.”
For more details on this report, read the full article at WilmingtonBiz.com.