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nCino Targets $2B Valuation in Upcoming IPO
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nCino Targets $2B Valuation in Upcoming IPO

nCino Targets $2B Valuation in Upcoming IPO

Peter Renton·
FintechUSA
·Jul. 9, 2020·1 min read

Fintech startup nCino has filed an updated S-1 that indicates it will be pricing shares initially in the $22 to $24 range; this would give the company, which bills its SaaS offering as a “bank operating system”, a valuation of approximately $2 billion with cash being raised around $200 million; it is not known what nCino’s last private valuation was but we do know the venture arm of Salesforce and well known VC Insight Partners own significant slices of the company; they are growing fast with revenue up 50% from Q1 2019 to Q1 2020; nCino is expected to go public next week. Techcrunch.

  • Peter Renton
    Peter Renton

    Peter Renton cofounded Fintech Nexus as the world’s largest digital media company focused on fintech before it was acquired by Command. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

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Bank Operating SystemInsight PartnersIPOnCinoSaaSSalesforce
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