nCino
Cloud banking software and financial technology company serving banks, credit unions, and other financial institutions.
Last updated October 14, 2026
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Overview
nCino is a financial technology company headquartered in Wilmington, North Carolina, that develops cloud-based software for banks, credit unions, and other enterprise financial institutions. Its principal offering is the nCino Platform, a suite designed to help financial institutions manage lending, account opening, customer onboarding, workflow, document processes, and related banking operations through a cloud architecture. The company was founded in 2011 by a team of bankers and originally operated as a majority-owned subsidiary of Live Oak Bancshares, the bank holding company associated with Live Oak Bank. nCino became closely associated with Salesforce through a strategic technology relationship that began in 2012. Its software was developed to support the operational needs of financial institutions while reducing dependence on fragmented legacy systems and manual processes. nCino expanded its commercial presence during the 2010s. It held its first nSight user conference in 2013, opened its first international office in London in 2017, and expanded into Sydney in 2018. The company also established a Canadian office and formed a joint venture connected with the Japanese market. In 2019, it announced nCino IQ, an artificial-intelligence and machine-learning capability intended to support analysis and automation in banking workflows. The company broadened its product portfolio through acquisitions. Visible Equity, a financial analytics software company, was acquired in July 2019. FinSuite, an Australian software company, was acquired later that year. nCino completed the acquisition of SimpleNexus, a digital homeownership platform, in January 2022. In 2024 it acquired DocFox, which automates customer onboarding for commercial and business banking, and FullCircl, a customer-lifecycle-intelligence provider. In February 2025, nCino completed its acquisition of SandBox Banking, a provider of digital-transformation services. nCino raised successive private financing rounds before becoming a public company. Its reported funding included a 2013 investment round, a 2014 Series A led by Wellington Management, a 2015 Series B led by Insight Venture Partners, a 2018 Series C led by Salesforce Ventures, and a 2019 Series D led by T. Rowe Price Associates. Its registration statement for an initial public offering became effective in July 2020. In that offering, the company sold common shares at a public offering price of $31 per share and reported net proceeds of $268.4 million after underwriting discounts and commissions. The company serves a broad institutional customer base. As of 2025, its software was reported to be used by more than 2,700 financial institutions worldwide, including TD Bank, Truist Financial, and Santander Bank. Its strategic ecosystem has included Accenture, Deloitte Digital, PwC, West Monroe Partners, and Salesforce. The business is positioned around cloud modernization, workflow automation, data-driven lending, digital customer onboarding, and the integration of banking operations across commercial, consumer, mortgage, and other financial-services functions. Leadership changed in February 2025, when Pierre Naudé moved from chief executive officer to executive chairman of the board and Sean Desmond became chief executive officer. nCino has also faced legal scrutiny. In 2021, the U.S. Department of Justice sought information concerning hiring and wage practices, and a related private lawsuit alleged an agreement not to recruit one another's employees involving nCino, Live Oak Bank, and Apiture. The Justice Department closed its investigation in 2023 without further action, while nCino agreed in 2023 to pay $2.2 million to resolve related civil no-poach antitrust claims without admitting wrongdoing. A separate shareholder action concerning alleged nonpublic information relating to the SimpleNexus transaction was dismissed by the Delaware Court of Chancery in 2023, and the dismissal was affirmed by the Delaware…
History
nCino began in 2011 when a team of bankers created a technology business intended to address the operational limitations of traditional banking systems. It was initially majority-owned by Live Oak Bancshares and developed within an ecosystem connected to Live Oak Bank. A strategic partnership with Salesforce began in 2012, providing an important foundation for the company's cloud-based approach and later platform development. The company convened its first nSight user conference in 2013, giving customers and partners a forum for discussing cloud banking and product development. In the same year, nCino raised $9 million in investment funding. Wellington Management provided a $10 million Series A in 2014, followed by a $29 million Series B led by Insight Venture Partners in 2015. These financings supported product development and expansion beyond the company's original banking environment. International expansion accelerated in the second half of the decade. nCino opened its first overseas office in London in 2017 and expanded to Sydney in 2018. It also opened an office in Canada and formed a joint venture related to the Japanese market. During this period, the company raised a $51 million Series C led by Salesforce Ventures. In 2019 it announced nCino IQ, an artificial-intelligence and machine-learning product intended to add analytical and automated capabilities to banking processes. nCino used acquisitions to broaden its product capabilities. It acquired Visible Equity, a Salt Lake City financial analytics company, in July 2019, and acquired Melbourne-based FinSuite in November of the same year. The company raised an $80 million Series D in October 2019, led by T. Rowe Price Associates. The following year marked a major corporate transition: nCino's registration statement became effective for an initial public offering in July 2020. The offering involved the sale of 9,269,000 shares, including shares issued through the underwriters' full exercise of an option, at $31 per share. Reported net proceeds were $268.4 million after underwriting discounts and commissions. In January 2022, nCino completed its acquisition of SimpleNexus, bringing digital homeownership and mortgage-related capabilities into its broader financial-services technology portfolio. The company continued its expansion through acquisitions in 2024, buying DocFox and FullCircl. DocFox added automation for onboarding commercial and business-banking customers, while FullCircl contributed customer-lifecycle intelligence. In February 2025, nCino completed its acquisition of SandBox Banking, a digital-transformation services provider. The company also developed a large partner and customer ecosystem. Its strategic partners have included Accenture, Deloitte Digital, PwC, and West Monroe Partners. By 2025, nCino's software was reported to be used by more than 2,700 financial institutions around the world, including TD Bank, Truist Financial, and Santander Bank. Its platform scope covers multiple institutional workflows, including lending, account opening, onboarding, analytics, and customer lifecycle management. nCino's history includes legal and regulatory scrutiny. In 2021, the company disclosed that the Justice Department's Antitrust Division had issued grand-jury subpoenas seeking information about hiring and wage practices. A private class action filed the same year alleged that nCino, Live Oak Bank, and Apiture had agreed not to recruit one another's employees. The Justice Department closed its investigation in February 2023 without further action. nCino agreed in August 2023 to pay $2.2 million to resolve related civil no-poach antitrust claims, while denying wrongdoing. Separately, a shareholder complaint concerning alleged use of nonpublic information in connection with the SimpleNexus transaction was dismissed by the Delaware Court of Chancery in December 2023; the Delaware Supreme Court summarily affirmed that dismissal in September 2024. Leadership changed in February 2025. Pierre Naudé, who had served as chief executive officer, became executive chairman of the board, and Sean Desmond was appointed chief executive officer. nCino remains an active financial technology company focused on cloud software for banks, credit unions, and enterprise financial institutions.
- 2025
Leadership transition and SandBox Banking acquisition
[1]Sean Desmond became CEO, Pierre Naudé became executive chairman, and nCino completed its acquisition of SandBox Banking.
- 2024
DocFox and FullCircl acquisitions
[1]nCino acquired DocFox and FullCircl to add onboarding automation and customer-lifecycle intelligence.
- 2022
SimpleNexus acquisition closes
[1]nCino completed the acquisition of digital homeownership platform SimpleNexus.
- 2020
Initial public offering
[1]The company's IPO registration statement became effective in July 2020, with shares offered at $31 each.
- 2019
nCino IQ announced
[1]The company announced nCino IQ, an artificial-intelligence and machine-learning software capability.
- 2019
Visible Equity and FinSuite acquisitions
[1]nCino acquired Visible Equity in July and FinSuite in November, expanding its analytics and banking software capabilities.
- 2018
Expansion into Australia, Canada, and Japan
[1]nCino expanded to Sydney, opened an office in Canada, and formed a joint venture connected with the Japanese market.
- 2017
First international office opens in London
[1]nCino opened its first international office in London, beginning a wider international expansion.
- 2013
First nSight user conference
[1]The company hosted its first nSight user conference and raised $9 million in investment funding.
- 2012
Salesforce partnership begins
[1]nCino began its partnership with Salesforce, supporting its cloud-oriented banking software strategy.
Products and positioning
A cloud-native banking technology provider focused on modernizing financial-institution operations, automating lending and onboarding workflows, and consolidating banking processes on an integrated platform.
Cloud banking platform
nCino Platform
nCino's core cloud-based banking platform is designed for banks, credit unions, and other financial institutions. It supports connected workflows across lending, account opening, customer onboarding, document management, and banking operations. The platform is positioned as an alternative to fragmented legacy applications, helping institutions standardize processes and give employees a shared view of customer and transaction information.
Artificial intelligence and machine learning · 2019
nCino IQ
Announced in 2019, nCino IQ applies artificial-intelligence and machine-learning concepts to financial-services workflows. Its purpose is to support more automated and analytical decision-making within the banking platform, although the available reference material does not specify the complete current feature set.
Financial analytics software
Visible Equity
Visible Equity is a financial analytics software business acquired by nCino in 2019. Its capabilities expanded nCino's ability to support analysis and reporting for financial institutions alongside its core banking workflow products.
Banking software
FinSuite
FinSuite was an Australian software company acquired by nCino in 2019. The acquisition broadened nCino's banking technology portfolio and strengthened its presence in the Australian market.
Digital homeownership and mortgage technology
SimpleNexus
SimpleNexus is a digital homeownership platform acquired by nCino in 2022. It extended the company's reach into mortgage and homeownership workflows and complemented its broader lending and financial-institution software capabilities.
Customer onboarding automation
DocFox
DocFox automates onboarding for commercial and business-banking customers. nCino acquired the company in 2024, adding capabilities focused on customer due diligence, documentation, and onboarding processes.
Customer lifecycle intelligence
FullCircl
FullCircl provides customer-lifecycle-intelligence capabilities. Its acquisition in 2024 expanded nCino's ability to support financial institutions with information and insight across customer acquisition, management, and lifecycle activities.
Digital transformation services
SandBox Banking
SandBox Banking provides digital-transformation services for financial institutions. nCino completed its acquisition in February 2025, adding services intended to support the implementation and modernization of banking technology.
Controversies
2024
Delaware Supreme Court affirms dismissal
The Delaware Supreme Court summarily affirmed the dismissal of the SimpleNexus-related complaint in its entirety.
2023
Delaware Court of Chancery dismisses SimpleNexus-related complaint
The Delaware Court of Chancery granted in full the motion to dismiss the complaint concerning the alleged use of nonpublic information.
2022
Civil no-poach claims
Live Oak Bank settled a related class action for $4.65 million in March 2022. nCino later agreed to pay $2.2 million to resolve related civil antitrust claims and denied wrongdoing.
2022
Shareholder allegations concerning SimpleNexus discussions
The City of Hialeah Employee Retirement System sued Insight Venture Partners and nCino board members, alleging that nonpublic information about discussions involving SimpleNexus was used to increase investment and ownership interests before the transaction.
2021
Antitrust investigation and alleged no-poach practices
nCino disclosed that the U.S. Department of Justice's Antitrust Division had issued grand-jury subpoenas concerning hiring and wage practices. A private class action alleged that nCino, Live Oak Bank, and Apiture had agreed not to recruit one another's employees.
Marketing campaigns
- 2021nCino Sports Park sponsorship
Wilmington, North Carolina
nCino donated $1.3 million toward a Wilmington sports-complex park formerly known as Cape Fear Regional Sports Park.
Outcome. The facility was renamed nCino Sports Park and was scheduled to open in fall 2022.
- 2021Hunger Solutions Center partnership
North Carolina
nCino partnered with the Food Bank of Central & Eastern North Carolina and pledged $1 million over five years toward a new Hunger Solutions Center.
Outcome. The pledge supported the food bank's planned hunger-relief infrastructure.
- 2013nSight user conference
Global
nCino hosted its first nSight user conference as a customer and user community event focused on the company's banking software and financial-technology ecosystem.
Outcome. The conference became an identifiable part of nCino's customer-engagement and community-building activities.
Brand decisions
2025
Change chief executive leadershipOtherBackground
nCino reorganized its senior leadership in February 2025.
Action taken
Pierre Naudé became executive chairman of the board and Sean Desmond became chief executive officer.
Aftermath
The transition separated the executive-chairman and CEO roles while maintaining Naudé's continuing involvement at board level.
2025
Acquire SandBox BankingM&ABackground
nCino continued building implementation and digital-transformation capabilities for financial institutions.
Action taken
The company completed its acquisition of SandBox Banking, a digital-transformation services provider.
Aftermath
The transaction added digital-transformation services to nCino's broader banking technology offering.
2024
Expand through DocFox and FullCirclM&ABackground
The company aimed to add customer onboarding automation and lifecycle intelligence to its banking platform.
Action taken
nCino acquired DocFox and FullCircl.
Aftermath
The acquisitions broadened nCino's capabilities in commercial and business-banking onboarding and customer-lifecycle intelligence.
2022
Acquire SimpleNexusM&ABackground
nCino sought to expand from general banking workflows into digital homeownership and mortgage-related technology.
Action taken
The company closed its acquisition of SimpleNexus, a digital homeownership platform.
Aftermath
SimpleNexus added homeownership and mortgage capabilities to nCino's financial-institution technology portfolio.
2020
Go public through an initial public offeringStrategyBackground
After several private funding rounds, nCino pursued access to public capital and broader market visibility.
Action taken
nCino completed an IPO after its Form S-1 registration statement became effective. It sold 9,269,000 shares, including shares issued through the underwriters' full exercise of an option, at $31 per share.
Aftermath
The offering generated reported net proceeds of $268.4 million after underwriting discounts and commissions and transformed nCino into a publicly traded company.
IPO net proceeds. $268.4 million (July 2020 IPO)
2019
Introduce nCino IQProduct launchBackground
Financial institutions were seeking more automated analysis and decision support within banking workflows.
Action taken
nCino announced nCino IQ, an artificial-intelligence and machine-learning software capability.
Aftermath
The announcement extended nCino's platform narrative beyond workflow digitization toward data-driven and intelligent banking operations.
Recent events
nCino launches Mortgage MCP[2]
Reported:
nCino launched Mortgage MCP for the nCino Mortgage Suite, allowing lenders to connect MCP-compatible AI agents directly to the mortgage platform.
- Unconfirmed
nCino completes acquisition of SimpleNexus[3]
nCino completed its acquisition of SimpleNexus, a provider of homeownership software. The transaction had been announced in November and was valued at $1.2 billion.
nCino donates $1 million to food bank facility[4]
nCino is donating $1 million to the Food Bank of Central & Eastern North Carolina to help develop its new facility, the nCino Hunger Solutions Center. The donation will be distributed over five years.
- Unconfirmed
Santander UK wins The Banker’s Innovation in Digital Banking Award[5]
Reported:
Santander UK won The Banker’s Innovation in Digital Banking Award for Best FinTech Partnership for its digital banking work with nCino.
nCino prices initial public offering[6]
Reported:
nCino said it priced its initial public offering of 8.06 million shares at $31.00 per share.
AutoRABIT and nCino announce partnership[7]
Reported:
AutoRABIT announced a partnership with nCino to help financial institutions deploy software solutions more quickly on the nCino Bank Operating System.
nCino and Japan Cloud establish a Japanese joint venture[8]
Reported:
nCino announced that it had partnered with Japan Cloud to establish nCino K.K. in Tokyo to deliver nCino's banking platform to Japanese financial institutions.
Sources8 sources
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