Daily News: September 25, 2013

Square 1 Bank Provides Nomis Solutions Credit Facility

Square 1 Bank announced that it provided a $5 million credit facility to Nomis Solutions. Proceeds will be used to accelerate Nomis Solutions’ growth.

“Square 1 Bank appreciates the opportunity to help Nomis Solutions continue to provide world-class pricing software and profitability tools to banks worldwide,” said Chris Erro, senior vice president in Square 1’s Asset Based Lending practice. “As a bank that is dedicated to helping growing companies realize their vision, we look forward to partnering with the team at Nomis during this stage of impressive growth.”

Richard Whittow, chief financial officer at Nomis Solutions said, “Square 1 Bank understands the importance of knowing their customers and markets in order to provide them with tools to scale their business. We chose Square 1 because they created a flexible structure that fit our current needs and rapid growth.”

Nomis Solutions provides pricing and profitability management for financial services companies. Through a combination of advanced analytics, innovative technology and tailored business processes, the Pricing and Profitability Managementâ„¢Suite delivers quick time-to-benefit, and improves financial and operational performance throughout the customer acquisition and portfolio management processes.