Alviere, the provider of enterprise software solutions for embedded finance that enables brands to deliver a full suite of financial products and services to customers, fans, and employees, announced it has secured financing from Silicon Valley Bank, the bank of the world’s “most innovative” companies and investors.
Yuval Brisker, Co-Founder and CEO of Alviere, said:
“The global demand for embedded financial services is growing exponentially. Alviere’s leading embedded finance enterprise software platform easily enables brands to deliver new and exciting financial products to consumers and businesses alike, all the while bringing more value to customers as well as increasing customer lifetime value, deepening customer insights and dramatically growing profitable revenue.”
Brisker added:
“The team at Silicon Valley Bank aligned early with Alviere’s vision and long-term goal of leading this market on a global scale. We’re excited to partner with Silicon Valley Bank to continue to fuel our momentum with new capital.”
The financing from Silicon Valley Bank “comes on the heels of a year of tremendous growth for Alviere.”
In addition to raising $70 million from leading fintech venture firms, Alviere appointed its first CFO, and will “see major brands launching neo-bank services to consumers using its platform this quarter, Q2 this year.”
Jordan Parcell, Managing Director at Silicon Valley Bank, remarked:
“Alviere is playing a key role in today’s fintech ecosystem that will see America’s biggest brands begin to offer their own, brand-forward financial services alongside their traditional products or services. Bringing new variations of financial services into stores, stadiums, or anywhere loyal customers want to spend time and money provides a tremendous opportunity for brands to engage their followers in new and exciting ways.”
As noted in the update, Alviere is focused on “providing the most complete enterprise software solutions for embedded financial technology available on the market today.”
Alviere aims to “enable the world’s most trusted and visible brands to offer financial products to their customers for the first time, via a one-stop shop, fully compliant, and future-proof platform.”
Alviere’s platform “enables global brands to increase profits, enhance customer relationships, and deepen consumer insights, all while increasing satisfaction and long-term customer retention.”