Print
Banking & Finance

NCino Raises $80M

By Johanna Cano, posted Oct 1, 2019
Wilmington-based nCino has raised $80 million in its latest round of funding, according to a filing with the Securities and Exchange Commission on Tuesday.

The banking software company acquired the funding from 31 investors, and it raised the total amount of money it was seeking to raise.

nCino officials said in an email that they were not discussing any additional details Tuesday on the recent funding but would have more information Wednesday.

This new funding brings the company’s total amount of money raised to about $205 million since 2014.

According to the filing, the date of the sale was Sept. 16, and the money was raised through a private equity offering.

nCino is a spinoff from Wilmington-based Live Oak Bank founded in 2012. The company is led by CEO Pierre Naudé, with its headquarters in Wilmington and offices in London, Sydney and a recent acquisition in Salt Lake City, Utah.

The company is regarded as Wilmington's  "unicorn" a term used for startups that are valued over $1 billion.

Recently, the company announced it opened an office in Toronto to expand its Bank Operating System in Canada.

The fintech company previously raised $51 million in January 2018 to fund its global growth and product innovation, officials said at the time.
 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Alycephillipsnew2

Peace Of Mind

Alyce Phillips - Old North State Trust LLC
Lynnwhitecell hwconsulting headshot

Leading Through The COVID-19 Pandemic

Lynn Whitesell - Harris Whitesell Consulting
Dallas headshot 300x300

Which Planning Process Is The Best Fit For You?

Dallas Romanowski - Cornerstone Business Advisors

Trending News

OPENBIZ: March 26 Business Closures, Services, New Hours In Response To Virus

Johanna Cano - Mar 26, 2020

Loans And Aid Available For Small Businesses Impacted By COVID-19

Johanna Cano - Mar 25, 2020

How Will Local Shopping Centers Endure?

Cece Nunn - Mar 25, 2020

Medical Official: Expect To See Local Coronavirus Cases Jump

Vicky Janowski - Mar 25, 2020

Experts Eye Potential Impacts Of Federal Stimulus On Wilmington Area

Jenny Callison - Mar 26, 2020

In The Current Issue

MADE: Hooking The Fishing Market

Eastern Metal Works Inc. is a wholesale manufacturer that designs, develops and makes marine tools and equipment for recreational and commer...


Leland's Hot Diggity Dogs

Lee Kent looked out from his Leland storefront. From that vantage point, he saw seemingly endless quick-serve restaurant options, and the ad...


Cashing In Wellness

Wouldn’t it be nice if, after finally running that 5K you have been preparing for many months, you not only get the reward of accomplishment...

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WILMA Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`