Tagged: silicon valley bank

June 25, 2022 @ 4:07 pm By Omar Faridi  |  

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… Read More

June 11, 2022 @ 5:40 pm By Omar Faridi  |  

  Silicon Valley Bank, the financial partner of the innovation economy, has provided a $22.5 million debt financing package to Keepit in partnership with Vaekstfonden. The funds should help with supporting further global expansion, hiring, and product development as it continues to scale operations and… Read More

December 16, 2021 @ 10:02 am By Omar Faridi  |  

Global Fintech firm MODIFI has announced $145 million in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The proceeds will be channeled towards addressing rising demand and help more SMEs with trading internationally on MODIFI’s digital platform. The COVID-19 outbreak has “negatively… Read More

December 15, 2021 @ 4:54 pm By Tony Zerucha  |  

AI-powered finance concierge Zeni today announced it has appointed Carl Hekkert as Chief Financial Officer of customer success and Collin Cadmus as chief revenue officer, both the first executives to hold the roles at the company. Hekkert and Cadmus join at a time of rapid… Read More

November 27, 2021 @ 12:01 pm By Omar Faridi  |  

US-Israeli supply chain Fintech platform, 8fig, recently finalized a $50 million Series A round. The company’s investment round has been joined by existing investors Battery Ventures and LocalGlobe, along with serial entrepreneur and co-founder of Nested and GoCardless’ Matt Robinson. As mentioned in the update,… Read More

March 18, 2021 @ 7:00 am By JD Alois  |  

Fireblocks has raised $133 million in Series C funding according to the company. Fireblocks is on a mission to bring crypto to financial services firms including big banks, Fintechs, exchanges, and more. The funding round was led by Coatue, Ribbit, and Stripes with participation from… Read More

December 23, 2020 @ 10:30 pm By Omar Faridi  |  

Despite the socio-economic uncertainty and other challenges created by COVID-19 in 2020, the technology sector was actually “a net beneficiary” of the accelerated shift to digital platforms and services which have become more critical than ever. This year is notably on track to set an… Read More

November 25, 2020 @ 1:25 pm By Samantha Hurst  |  

  UK-based international money transfer platform TransferGo has reportedly secured €5 million investment from Silicon Valley Bank. The new investment comes less than six months after TransferGo raised $10 million through its latest investment round. As previously reported, TransferGo claimed last year to be the first remittance… Read More

November 19, 2020 @ 2:24 pm By Samantha Hurst  |  

Silicon Valley Bank (SVB) announced on Thursday it has entered into a multi-million risk retention financing agreement with fintech unicorn SoFi. According to SVB, the agreement provides financing to be used for SoFi’s risk retention bonds as part of their asset-backed securities (ABS) issuance requirements. SVB… Read More

November 4, 2019 @ 1:22 am By Omar Faridi  |  

London-based TotallyMoney, a Fintech firm that helps its clients make better financial decisions by putting them right at the center of their credit data, has reportedly raised £5 million (appr. $6.5 million) from Silicon Valley Bank (SVB). TotallyMoney’s management says it aims to make financial… Read More

July 10, 2019 @ 9:44 am By Samantha Hurst  |  

Silicon Valley Bank and First Data (NYSE: FDC) announced on Wednesday they have selected five startups to participate in Class 9 of Commerce.Innovated., which is described as an accelerator program designed to help commerce, payments, and fintech companies grow their businesses. Commerce.Innovated. was launched in 2014, and… Read More

May 28, 2019 @ 7:04 am By JD Alois  |  

London based Regtech ClauseMatch has received venture debt funding from Silicon Valley Bank (SVB). The $2.5 million loan package will be used to support the company’s growth in Europe and Asia. Recently the company started operations in South East Asia based in Singapore. ClauseMatch received… Read More

July 20, 2018 @ 10:26 am By Samantha Hurst  |  

Earlier this week, Silicon Valley Bank and First Data (NYSE: FDC) announced they have selected five startups to participate in Class 8 of Commerce.Innovated., an accelerator designed to help commerce, payments and fintech companies grow their businesses. According to the duo, the Commerce.Innovated. four-month program provides participants with operational mentorship… Read More

September 12, 2017 @ 12:16 pm By Samantha Hurst  |  

On Tuesday, Silicon Valley Bank (SVB) and First Data announced applications are now open for the Winter 2017 Class of the accelerator program, Commerce.Innovated. This news comes just one month after the companies announced the four selected startups for the Fall 2017 program. Commerce.Innovated. is described as… Read More

April 10, 2017 @ 4:17 pm By Samantha Hurst  |  

Silicon Valley Bank announced on Monday that it joined forces with First Data to launch a fintech focused accelerator program, Commerce.Innovated. 2017. According to the bank, this four-month virtual program provides participants with operational mentorship from Silicon Valley Bank, First Data, and their networks. Commerce.Innovated., which… Read More

March 15, 2017 @ 10:37 am By Samantha Hurst  |  

Fintech startup and bill payment processor, Noventis, announced on Wednesday it has secured $4 million in debt financing from SVB Financial Group (NASDAQ: SIVB). The company reports that the deal comes on the heels of two consecutive years of record for its EBITDA and earnings… Read More

December 14, 2016 @ 8:41 am By Samantha Hurst  |  

BlueVine, an online lender that provides factoring finance, announced on Wednesday is has secured $49 million during a Series D funding round, which was led by existing investors including Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, Rakuten FinTech Fund, and Silicon Valley Bank. Since… Read More

April 5, 2016 @ 11:35 am By Jodi Avergun and Colleen Kukowski  |  

  “Silicon Valley is coming.  There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking.” This warning came not from a pundit or Silicon Valley lobbyist, but from Jamie Dimon, the Chairman and Chief Executive Officer… Read More

March 10, 2016 @ 11:54 am By JD Alois  |  

The Silicon Valley Bank (SVB) has published their report on the state of the Startup scene in the UK.  And, according to the authors, the UK is preparing for a “new reality” as a “healthy recalibration” is occurring. The UK has been a hotbed for… Read More

March 7, 2016 @ 8:06 am By JD Alois  |  

Property crowdfunding platform, Property Partner, has raised £15.9 million in a series B funding round. The investment was led by Octopus Ventures with participation by Index Ventures and Dawn Capital (£12.9 million).  Silicon Valley Bank provided a £3 million venture debt facility as part of… Read More