nCino, a Wilmington, N.C.-based provider of a cloud operating solutions to the financial services industry, received a $10m investment from Wellington Management Company.
The company intends to use the funds to accelerate its growth into the community bank and credit union markets.
Led by Pierre Naudé, CEO, nCino provides a cloud-based Bank Operating System solution, which leverages the Salesforce Platform for small- to mid-sized financial institutions to increase transparency and clarity into their existing loan production pipelines, portfolios and operating efficiencies across all business lines.
The company had raised $9m in 2013.
FinSMEs
11/02/2014