17 March 2018
visit www.nextgenbanking.co.uk

NCino scores $10m investment

11 February 2014  |  822 views  |  0 Source: nCino

NCino, the leader in secure, cloud-based operating solutions to the financial services industry, has received a $10 million investment from Wellington Management Company LLP.

This latest investment will help accelerate nCino's growth into the community bank and credit union markets, and support an ongoing evolution of the company's bank operating system product to further advance commercial lending practices.

"nCino values this investment as validation to our position as the leader in cloud banking," added Pierre Naudé, CEO, nCino. "It is a privilege to enter into an investor relationship with a firm that enjoys the reputation and reach of Wellington Management. Its investment into our company enables us to continue innovating our product offering, provide even greater service and support to our customers, and go to market more quickly with new features that continue to meet the current and future needs of the financial services industry."

Headquartered in Boston, Wellington Management has approximately $834 billion in client assets under management as of Dec. 31, 2013, and serves as an investment advisor to more than 2,100 institutions located in over 50 countries.

nCino raised $9 million last spring in investment funding; former Morgan Stanley Chairman and CEO John Mack, Promontory Financial Group CEO Eugene Ludwig, and Live Oak Bank Chairman and CEO Chip Mahan were among the lead investors. 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukVisit www.vasco.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Augmentum Fintech raises £94m in IPOAugmentum Fintech raises £94m in IPO
11762 views comments | 25 tweets | 5 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
6779 views comments | 8 tweets | 7 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
6455 views comments | 18 tweets | 17 linkedin
Capital One virtual assistant can now issue virtual card numbersCapital One virtual assistant can now issu...
6214 views comments | 12 tweets | 11 linkedin
Starling and TrueLayer integrate for open bankingStarling and TrueLayer integrate for open...
6143 views comments | 13 tweets | 9 linkedin

Featured job

Six-Figure-Base, Double OTE, Benefits Package
London, UK

Find your next job