# nCino

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ncino

- Industry: Financial Services
- Headquarters: Wilmington, US
- Website: www.ncino.com/
- Total disclosed funding: $29M
- Latest round: Series B (Mar 17, 2015)
- Investors on record: 3

## About

Based in the US, nCino, Inc. is a financial technology company that specializes in providing a comprehensive digital banking platform to enhance operational efficiencies and customer experiences for financial institutions.nCino, Inc. is focused on delivering a digital banking platform tailored for financial institutions. Founded in 2011 in Wilmington, US, the company was established by Eric Byun, Jazel Oommen, and Pullen Daniel. In its history, nCino has raised a total of USD 250.00 mn through 11 deals, with its most recent funding being an IPO on July 13, 2020, that raised USD 250.00 mn.nCino delivers a comprehensive digital banking platform designed to enhance operational efficiencies and improve customer experiences across financial institutions. Its core offering integrates lending, account onboarding, and analytics, facilitating a streamlined workflow for financial processes. By unifying these critical services, nCino enables institutions of various sizes—from small community banks to large global enterprises—to better manage their business operations and capitalize on actionable insights derived from their data. The nCino Platform has garnered trust from over 2,700 financial institutions globally, including banks and credit unions in North America, Europe, and Asia-Pacific. By focusing on solving challenges related to commercial loan origination and account management, nCino addresses the needs of both financial professionals and their clients, ensuring more rapid processing times and improved user satisfaction.nCino operates on a subscription-based revenue model, offering its platform through a tiered pricing structure tailored to the needs of its clients. Financial institutions typically engage with nCino for its flagship solutions, which include commercial loan origination and account onboarding services. Clients subscribe to the platform, paying fees that are aligned with their usage and the specific features they select. In the most recent year, nCino reported a revenue of USD 408.32 mn with an EBITDA of USD -50.73 mn, generated through annual contracts and partnerships with over 2,700 financial institutions.nCino plans to leverage its recent IPO to enhance its product offerings and expand into new markets. The funding raised from the IPO will support the development of upcoming features and services. The company aims to launch new products designed for enhanced commercial loan management and account onboarding by the end of 2024. Additionally, nCino is targeting expansion in the European and Asia-Pacific markets, intending to establish a stronger presence in these regions by 2025.

## Funding rounds

- Series B, Mar 17, 2015 — Salesforce Ventures
- Series B, Feb 24, 2015, $29M — Insight Partners, Wellington Management

## Investors

- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series B
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series B