nCino Closes Funding Led by T. Rowe Price Funds
Summary
nCino, a Wilmington, N.C.-based cloud banking company, raised a new round of funding of undisclosed amount. The round was led by funds and accounts advised by T. Rowe Price Associates, Inc., with participation from existing investor Salesforce Ventures. The company intends to use the funds to accelerate innovation of its Bank Operating System through increased research and development, global expansion, and new talent acquisition and employee development. Led by Pierre Naudé, CEO, nCino provides the Bank Operating System for financial services built on the Salesforce platform, which is used to improve employee efficiency while enhancing the customer experience for onboarding, loan origination and deposit account opening across all lines of business, powered by analytics and actionable, data-driven insights. The company, which now employs more than 750 people across its offices headquarters and in London, Sydney, Toronto and Salt Lake City, has a roster of more than 1,100 customers globally whose assets range in size from $30 million to $2 trillion.
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