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
Untitleddesign12 101824110415

Should You Have AI Cameras for Your Business?

Luke Wheeler - Holmes Security
Untitleddesign13

The Benefits of Choosing Local Partners in Construction

Jim Hundley - Thomas Construction Group
Gretchen roberts 2021

From Contracts to Offshoring: 7 Powerful Gross Margin Growth Levers

Gretchen Roberts - Red Bike Advisors

In The Current Issue

Novant Health Releases Economic Impact Report

The study was commissioned by Novant and conducted by FTI Consulting’s Center for Healthcare Economics and Policy....


Brunswick Co. Focuses On Flooding

The potential changes include updates to the county’s stormwater manual and ordinances related to development requirements. Adjustments to t...


At Cinespace Studios, Head Of Operations Built Film Career From Scratch

With the contacts he made on his first productions, he ended up as a major behind-the-scenes player in the Wilmington film industry and beyo...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season