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
Drewsmith copiersplus headshot

Remote Work Calls For Remote Solutions

Drew Smith - Copiers Plus
Dave sweyer 300 x 300

Your Guide To Hiring The Right Professional Property Management Company

Dave Sweyer - Sweyer Property Management
Alycephillipsnew2

Trustees Can Face Tricky Technical And Personal Challenges

Alyce Phillips - Old North State Trust LLC

Trending News

Office Developer Buys Market Street Property For $1.35M

Cece Nunn - Apr 9, 2020

Small Business Loans: Wells Fargo Limit Lifted; Live Oak At Capacity

Jenny Callison - Apr 9, 2020

Q&A: Slice Of Life Pizzeria & Pub

Jessica Maurer - Apr 8, 2020

UNCW Announces New Provost

Johanna Cano - Apr 8, 2020

OPINION: Update Pay Loan Rules To Address Restaurants

Jud Watkins - Apr 7, 2020

In The Current Issue

Apiture Partners With Texas-based Firm

Wilmington-based financial technology firm Apiture’s choice of a tech partner enabled it to move its clients from a legacy data system to th...


On The Home Office Front

No matter how you cut it, say it – or even punctuate it – hundreds of thousands, if not millions, of Amer­icans are doing it because of the...


Regional Rift

To the federal government 20 years ago, the Wilmington area truly was the tri-county region. But in 2013 that changed....

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`