About nCino
nCino is a company based in Wilmington (United States) founded in 2011 by Pullen Daniel, Chip Mahan, Neil Underwood, and Pierre Naude.. nCino has raised $221.56 million across 9 funding rounds from investors including T. Rowe Price, Salesforce Ventures and Insight Partners. The company has 1,830 employees as of January 31, 2024. nCino has completed 7 acquisitions, including DocFox, FinSuite and FullCircl. nCino offers products and services including nCino Platform, Credit Portfolio Management, Commercial Onboarding, and Loan Origination. nCino operates in a competitive market with competitors including ION Group, Tuum, Thought Machine, Backbase and Nymbus, among others.
- Headquarter Wilmington, United States
- Employees 1830 as on 31 Jan, 2024
- Founders Pullen Daniel, Chip Mahan, Neil Underwood, Pierre Naude
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Ncino, Inc.
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Annual Revenue
$540.66 M13.45as on Jan 31, 2024
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Net Profit
$-37.88 M10.55as on Jan 31, 2024
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EBITDA
$30.82 M161.63as on Jan 31, 2024
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Total Equity Funding
$221.56 M (USD)
in 9 rounds
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Latest Funding Round
$925.57 M (USD), Post-IPO
Jan 01, 2022
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Investors
T. Rowe Price
& 5 more
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Employee Count
1830
as on Jan 31, 2024
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Investments & Acquisitions
DocFox
& 6 more
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IPO & Listings of nCino
nCino is a publicly listed company on the NASDAQ with ticker symbol NCNO in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of nCino
nCino offers a comprehensive portfolio of products and services, including nCino Platform, Credit Portfolio Management, Commercial Onboarding, and Loan Origination. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-based system for managing financial workflows and processes
Tools for servicing loans and making risk decisions efficiently
Software to simplify account opening and banking processes
Platform for streamlining loan creation and approval workflows
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Leadership Team
61 people
Software Development Team
47 people
Sales and Marketing
46 people
Principal Team
15 people
Product Management Team
14 people
Finance and Accounting
14 people
Senior Team
11 people
Legal and Compliance
9 people
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Funding Insights of nCino
nCino has successfully raised a total of $221.56M across 9 strategic funding rounds. The most recent funding activity was a Post-IPO round of $925.57 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Post-IPO — $925.6M
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First Round
First Round
(29 Jan 2013)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Post-IPO - nCino | Valuation |
investors |
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| Sep, 2019 | Amount | Series E - nCino | Valuation | T. Rowe Price | |
| Jan, 2018 | Amount | Series D - nCino | Valuation | Salesforce Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in nCino
nCino has secured backing from 6 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include T. Rowe Price, Salesforce Ventures and Insight Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Diversified asset management services are provided to investors globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by nCino
nCino has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include DocFox, FinSuite and FullCircl. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of onboarding, and risk rating solutions for banks and credit unions
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2016 | ||||
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Standardized APIs are provided for bank-fintech integrations.
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2014 | ||||
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Loan life cycle management platforms are developed for mortgage lenders.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - nCino
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ncino Comparisons
Competitors of nCino
nCino operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ION Group, Tuum, Thought Machine, Backbase and Nymbus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Treasury management solutions are provided for financial institutions and banks.
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| domain | founded_year | HQ Location |
Cloud-native API-first core banking platform is provided for banks.
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| domain | founded_year | HQ Location |
Cloud-based platform for core banking is developed via APIs.
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| domain | founded_year | HQ Location |
AI-powered banking platforms are provided for operational growth.
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| domain | founded_year | HQ Location |
Cloud-based core banking solutions are offered to financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ncino
Frequently Asked Questions about nCino
When was nCino founded?
nCino was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is nCino located?
nCino is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Who is the current CEO of nCino?
Pierre Naude is the current CEO of nCino. They have also founded this company.
Is nCino a funded company?
nCino is a funded company, having raised a total of $221.56M across 9 funding rounds to date. The company's 1st funding round was a Series D of $51.46M, raised on Jan 29, 2013.
How many employees does nCino have?
As of Jan 31, 2024, the latest employee count at nCino is 1,830.
What is the annual revenue of nCino?
Annual revenue of nCino is $540.66M as on Jan 31, 2024.
What does nCino do?
nCino was founded in 2011 in Wilmington, United States, within the fintech sector. An online API-enabled cloud platform is offered to support banking functions. Services encompass deposit account management, retail and SME banking, mortgage processing, and loan lifecycle oversight. Additional features include customer onboarding, document handling, credit evaluation, collateral tracking, CRM integration, and compliance tools for financial institutions.
Who are the top competitors of nCino?
nCino's top competitors include Thought Machine, Tuum and Finxact.
What products or services does nCino offer?
nCino offers nCino Platform, Credit Portfolio Management, Commercial Onboarding, and Loan Origination.
Is nCino publicly traded?
Yes, nCino is publicly traded on NASDAQ under the ticker symbol NCNO.
How many acquisitions has nCino made?
Who are nCino's investors?
nCino has 6 investors. Key investors include T. Rowe Price, Salesforce Ventures, Insight Partners, Wellington, and John Mack.
What is nCino's ticker symbol?
The ticker symbol of nCino is NCNO on NASDAQ.
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