Wilmington business makes list of best financial technology companies in the world

A Wilmington company has made a list of the top fintech, or financial technology, businesses in the world.

nCino, a Wilmington-based firm that sells cloud computing software to banks, was one of 250 "top" fintech companies on a list published by CNBC on Tuesday.

More than 2,000 companies were considered for the list, which was published in alphabetical order and compiled by CNBC and market research firm Statista.

"We are honored to be included on the CNBC and Statista 'World's Top Fintech Companies 2024' award list," nCino posted to its company Facebook page. "Out of 2,000 eligible companies, nCino was selected for our positive financial standing and innovative impact throughout the markets we serve. Thank you to our customers, employees, and partners for helping us get here!"

According to the story, companies could nominate themselves for inclusion, but they were also evaluated by Statista using key performance indicators (KPIs), both "overarching general KPIs" as well as KPIs specific to which of eight business categories the companies were in: alternate finance; banking solutions; business process solutions; digital assets; financial planning; neobanking; payments; and wealth technology.

nCino, which was founded in 2011, was in the banking solutions category.

A story with the list notes that "global venture funding into the fintech sector has declined sharply from the industry’s heyday in 2020 and 2021, and experts say the market is in a new normal, with valuations correcting from unsustainable highs."