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Salesforce Ventures, the investment arm of Salesforce, is leading a $50 million investment in nCino, a Cloud banking software company. This is Salesforce’s first investment in a financial technology company. profile salesforce ventures ncino snowflakelevycnbc

“We’re really excited to be partnering with nCino as they continue to redefine banking,” said John Somorjai, executive vice president of Corporate Development and Salesforce Ventures at Salesforce.

Salesforce Ventures is a corporate investment group within Salesforce.com, focused on investing in and partnering with the best enterprise cloud companies around the world. Based in San Francisco, Salesforce Ventures has invested in more than 375 companies since 2009, including Twitter, Slack, DocuSign and MuleSoft. profile salesforce ventures ncino snowflakelevycnbc

Salesforce Ventures, the investment arm of Salesforce, is leading a $50 million investment in nCino, a fast-growing startup that provides cloud-based banking software.

This is the latest move by Salesforce Ventures to invest in companies that are helping to transform the financial services industry.

Last year, Salesforce Ventures invested in two other companies that are using cloud technology to revolutionize banking: Snowflake and Levy.

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