Cloud banking software company nCino Inc. has raised $51.4 million, according to a filingWednesday with the Securities and Exchange Commission.

The money was raised in the form of equity from two investors, according to the filing.

The Wilmington-based company produces software designed to make the commercial lending process more streamlined, efficient and profitable while ensuring regulatory compliance.

Founded in 2012, nCino spun out of Live Oak Bancshares Inc., one of the top small business lenders in the country.

The company’s bank operating system caters to a variety of financial institutions ranging in asset size and location, including credit unions, regional banks, and top national commercial lenders.

NCino is one of the fastest-growing financial technology companies in the U.S., and opened its first international office in London in 2017. London-based OakNorth bank was the first financial institution outside the U.S. to implement the nCino bank operating system in June of last year.

The company hopes to “continue to expand internationally,” said Natalia Moose, public and analyst relations associate at nCino, in December.

The company raised $17.8 million nCino raised $17.8 million in a private equity offering in August, in addition to $15.7 million in June 2016 and $29 million in February 2015.

Pierre Naudé, chief executive officer of nCino, oversees strategy, sales, marketing, professional services, customer support and product engineering at the company. Naudé graduated Upper Iowa University with a degree in management and finance.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.