WILMINGTON, N.C.--(BUSINESS WIRE)--Yesterday, Forbes magazine named nCino to its list of America’s Most Promising Companies. nCino is among the “bevy of new faces” on this year’s list and can boast as the only North Carolina-based company to be recognized. At No. 93, nCino is also one of the younger organizations receiving this accolade.
nCino CEO Pierre Naudé said, “The Forbes article stated that ‘each firm is going places,’ and we certainly are seeing that with nCino’s growth and market opportunity. In less than three years, nCino has emerged from a few banks wanting to improve the way they originate and manage loans, to a multimillion dollar organization transforming the financial services industry and how institutions operate, use data and serve their customers. We are honored to be identified by Forbes as one of America’s most promising companies, and will not disappoint to deliver bigger things in 2015.”
In 2014, nCino achieved significant milestones such as increasing revenue 206 percent from the year prior, hiring its 100th employee and drastically expanding its scope of customers. The company’s largest bank client was just over $3 billion in assets in 2013, then nCino signed three banks with assets of more than $68 billion last year.
- Watch this message from Naudé on 2014’s successes. -
nCino provides financial institutions with a cloud-based Bank Operating System to simplify the loan process as well as give bankers a more comprehensive view into customer relationship management. The company’s technology concepts and overall vision are driven by the more than 55 percent of employees who are former bankers. nCino has raised more than $25 million in capital since inception.
Forbes states its methodology of identifying America’s Most Promising Companies as the following: “Companies on the list are all private and generating under $300 million annually. Revenue growth plays a big part in choosing the ranking for America’s Most Promising Companies, but that’s not all we take into account. We pay attention to growth rates, growth in employee numbers, how long companies have been doing what it is they do, operating margins, capital raised, product ideas, management and other factors.”
Wilmington, N.C.-based nCino, Inc. is the leader in cloud-based bank operating solutions to the financial services industry. Through its flagship Bank Operating System solution, nCino leverages the power of the Salesforce Platform to provide financial institutions with superior 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.
For more information, visit www.ncino.com.
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