nCino Receives $10M Investment from Wellington Management
February 12, 2014
nCino, a provider of secure, cloud-based operating solutions to the financial services industry, has received a $10 million investment from Wellington Management Company, bringing its total to-date funding to $19 million including a previous $9 million Series A round. The new capital 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 leverages the Salesforce platform to provide small to mid-sized financial institutions with transparency and clarity into their existing loan production pipelines, portfolios and operating efficiencies across all business lines, resulting in increased profitability, productivity gains and regulatory compliance.