Enterprise IT Startup nCino Raises $17.8 Million

According to a recent SEC filing, nCino has raised $17.8 million in financing from an undisclosed investor.

nCino offers a cloud-based bank operating system created by bankers, for bankers. The system helps increase profitability, productivity, regulatory compliance, and operational transparency at all organizational levels and across all lines of business. Following a process structure similar to a bank’s loan accounting system, the bank operating system offers combined services through its business process management, loan lifecycle, business intelligence, and document management solutions.