nCino’s Revenue by Region (2020-2023)

This statistic highlights nCino’s Revenue by Region, split across the United States and International region, reported on a quarterly basis from Q2 2020 onwards.

nCino is a cloud banking, financial institution which works on loan generation, portfolio analysis, acquiring new clients and providing services to new, small and medium corporations.

nCino’s Revenue by Region

(All figures are in millions, except percentages)

nCino’s total revenue increased from $48.76 million in Q2 2021 to $66.51 million in Q2 2022, marking a rise of 36.40% on a year-on-year basis. It also increased by 6.67% on a quarter-on-quarter basis, rising from $62.35 million in Q1 2022 to $66.51 million in Q2 2022.

nCino earns its revenue through various regions, which are bifurcated as follows:

The U.S.

nCino is the global leader in cloud banking. It provides cloud banking services to a large number of clients in the US. The nCino Bank Operating Structure empowers financial institutions with accessible technology to assist them to attain revenue growth, greater efficacy, cost savings, and regulatory obedience. In a digital world, nCino’s single digital platform augments the employee and client practice to enable financial organizations to more successfully onboard fresh clients, make loans and track the entire loan life cycle and open deposit and other accounts through wide lines of business and networks. It strives to renovate how financial institutions operate, through innovation, standing, and speed. Most of the operations of the company are carried out in the United States and it is also the main revenue generating region for the company.

The majority of nCino’s revenue is generated from the United States, accounting for 83.7% of the company’s total revenue in Q2 2022. The revenue generated in Q2 2022 amounted to $55.706 million. It grew by 26.46% on a year-on-year basis as compared to $44.049 million earned in Q2 2021 and by 4.46% on a quarter-on-quarter basis as compared to $53.326 million earned in Q1 2022.

International

nCino operates more than 1,200 financial establishments internationally, whose resources range in size from $30 million to more than $2 trillion. It has its offices in regions like London, Melbourne, Salt Lake City, Sydney, Tokyo, and Toronto.

nCino’s revenue generated from the International region increased by 129.28% on a year-on-year basis, from $4.716 million in Q2 2021 to $10.813 million in Q2 2022. It also grew by 19.75% on a quarter-on-quarter basis, when compared to $9.029 million earned in Q1 2022. This region contributed 16.3% of the company’s total revenue in Q2 2022.

About nCino Inc.

nCino is a financial technology corporation, which was founded in 2011 by Chip Mahan and Neil Underwood. Its headquarters are in Wilmington, North Carolina. nCino’s clientele consist of large entities like TD Bank, Truist Financial, and Santander Bank. nCino’s deliberate partners include Accenture, Deloitte Digital, PwC, and West Monroe Partners. The nCino Bank Operating System, the company’s flagship product, provides services to commercial, small =business, and retail lines of business. The Bank Operating System covers the following competencies: loan origination, portfolio analytics, compliance and risk management, digital customer engagement, customer relationship management (CRM), client onboarding, deposit account opening, business process automation, and enterprise content management. It has international offices in London, Melbourne, Salt Lake City, Sydney, Tokyo, and Toronto. The company’s Bank Operating Structure is used by banks and credit institutions with assets vacillating from $30 million to $2 trillion. nCino operates in countries such as the United States, Canada, Western Europe, Australia, and Japan. The company’s common stock goes by the ‘NCNO’ symbol and is listed on the NASDAQ stock exchange. It is a component of the Russell 1000.

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