Editor’s note: IN the latest post from the ExitEvent-WRALTechWire news partnership, ExitEvent Editor Laura Baverman describes what she found out about Wilmington;s startup community.
WILMINGTON, N.C. – Construction [is underway] on a shiny new Wilmington office building to house the growing team of 78 staffers running nCino, a two-year-old startup forcing change in the banking world with its cloud and mobile-based loan origination platform.
nCino’s founders are bullish. Seven years ago, they created the mostly virtual Live Oak Bank and in the years to follow, designed nCino’s cutting edge software to help its loan officers operate differently and more efficiently from their competitors. The men then raised $20 million—including $10 million from a Boston investor in January—to grow nCino far beyond its 40 customers today.
But the construction of a building is another kind of bet for a young company. It represents confidence, belief and a commitment that nCino will be around a long time in its hometown of Wilmington.
That kind of commitment and unabashed enthusiasm for company-building was evident at every stop on my visit to Wilmington. It quashed any stereotypes I might have had about the beach town’s business prowess and left me excited for future trips back to tell the stories being created there.
The entire post can be read online.
