The Salesforce-backed banking platform developer has filed for a $100m initial public offering having raised $80m late last year.
US-based banking software producer nCino filed on Monday to raise up to $100m in an initial public offering that will give enterprise software provider Salesforce the chance to exit.
Founded in 2012, nCino provides its cloud-based banking software to more than 1,100 banks, credit unions and other financial institutions on a subscription basis, and it claims more than 160 of its customers pay upwards of $100,000 a year, with 21 paying more than $1m for a year.
The company…
