nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that leading alternative mid-sized business lender, ThinCats, is expanding its use of the nCino Bank Operating System® across its wider SME lending processes. The extension follows the successful deployment of nCino’s Coronavirus Business Interruption Loan Scheme (CBILS) workflow this summer.
How we are seeing increasing numbers of CBILS borrowers seeking funding for longer-term growth purposes rather than immediate survival.
All of our loans are sourced entirely from institutional capital. Which begs the question: are we now not just like a bank, minus the high-street branch network? The answer is an emphatic “no” for a number of reasons...
In 2019 we provided over £200 million of funding for mid-sized businesses, almost double 2018's previous record. In total we have now lent more than £580 million to small and mid-sized businesses across the UK.
Whilst the antics of Basil and Manuel of Fawlty Towers fame may not have done any favours for the image of British hotels in the 1970s, today’s hotel sector is an increasingly important part of the UK economy.
ThinCats works with many professional services businesses (PSB) to help their clients – from restaurants to manufacturers – access the capital they need. But we also work with PSBs that wish to raise finance themselves.
Watch how our funding over several years has helped the phenomenal growth of 3DD Entertainment who continue their programming expansion from live music television and documentaries on stars of film and music into history and factual genres.