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
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
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
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
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
“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
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
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
BlueVine, an online provider of working capital financing to small businesses, announced on Wednesday it has closed $40 million in funding, bringing the company’s total funding to $64 million to date. This Series C funding was led by an investment from Menlo Ventures, with additional… Read More
Fintech is a broad term that covers a growing portfolio of services and applications that facilitate financial transactions. While the epicenter may be capital formation, it is really all about finance moving inevitably online, and big banking is waking up to the opportunity and the challenge…. Read More
PulsePoint, a global programmatic platform for brand engagement, announced its recent $30 million debt financing from Silicon Valley Bank. The funds will be used for business expansion and future acquisitions of technology companies. This announcement comes on the heels of PulsePoint being named an Inc…. Read More
Catchpoint Systems, Inc., a provider of web and infrastructure performance monitoring solutions, announces it has completed a $16 million Series C funding with proceeds earmarked to accelerate the company’s rapid growth. The funding includes $6 million from Battery Ventures, which has provided the capital in… Read More
LendKey Grand Slam: Hits 35,000 Customers, Expands Management Team, $8M venture debt line from Silicon Valley Bank and Raises Additional $125M Commitment From Network of Credit Unions LendKey, the Lending-as-a-Service platform that connects borrowers with credit unions and banks, today announced several key growth milestones. The… Read More
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