Growth: Southeast News

Growth Southeast News curated each weekday for AL, FL, GA, KY, MS, NC, SC and TN about expansions and new construction projects…

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April 12, 2021

 

An expansion at the Wilmington headquarters of fintech firm nCino will allow for 600 new employees, according to an announcement Monday.

“nCino was founded in Wilmington, N.C., and this city has always been our home,” said Pierre Naudé, CEO of the cloud banking software firm, in an email. “We are proud to continue investing in Wilmington, and have begun construction on a new parking deck at our Mayfaire headquarters, which we expect to be finished around October 1, 2021. Once completed, it will hold space for approximately 640 vehicles.

“In addition, we are also building a new 90,000-square-foot office building adjacent to our main HQ building. Construction on this property will start this summer," he said.

nCino officials didn't share any further details Monday about additional employees or hiring expectations. The firm currently has more than 1,100 employees in seven offices around the world, about 700 of those are in Wilmington. The average salary at nCino is about $100,000, Naudé said in September 2020.

Cloud Real Estate Holdings LLC, a Wilmington investment group comprised of entities affiliated with Cameron Management, SHP Acquisitions and Trask Land Co., has entered into an agreement with nCino to acquire, lease-back and develop the additional square footage at nCino’s headquarters.

Cloud Real Estate bought the property at 6770 Parker Farm Drive, including the existing nCino headquarters building, for $16.3 million in December.

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