Tagged: silicon valley bank

US-Israeli Supply Chain Fintech 8fig Raises Combined $50M in Series A to Provide Digital Commerce Sellers with Flexible Capital

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

Digital Assets for Banks: Fireblocks Raises $133 Million led by Big VCs Plus Strategic Investment from BNY Mellon, Silicon Valley Bank

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

Tech Sector has been a “Net Beneficiary” of Accelerated Shift to Digital Platforms in Europe due to COVID: Report

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

International Money Transfer Service TransferGo Scores €5 Million Investment from Silicon Valley Bank

  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

Silicon Valley Bank Enters Into Multi-Million Risk Retention Financing Agreement With SoFi

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

London-based Fintech TotallyMoney Raises £5 Million from Silicon Valley Bank

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

Silicon Valley Bank & First Data Announces Class 9 of Commerce.Innovated. Accelerator

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

Barclays Accelerator Grad Regtech ClauseMatch Raises $2.5 Million in Venture Debt

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

Silicon Valley Bank & First Data Welcomes Class 8 of Commerce.Innovated.

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

Silicon Valley Bank & First Data: Applications Open For Commerce.Innovated’s Winter 2017 Class

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 Teams Up With First Data For Fintech-Focused Accelerator Program Commerce.Innovated. 2017

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 Company Noventis Secures $4 Million in Debt Financing From SVB Financial Group

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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

Fintech Startup BlueVine Secures $49M During Series D Funding Round

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

Complying with AML Laws: Challenges for the Fintech Industry

  “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

SVB Says UK Startups Cautious, Fear Brexit & Challenged by Finding Right Talent

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 Partner Raises Significant £15.9 Million in Funding

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

Fintech Startup BlueVine Captures $40 Million During Series C Funding Round Led By Menlo Ventures

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 Goes Large as Wall Street Moves In (Video)

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

Programmatic Platform PulsePoint Captures $30M in Debt Financing From Silicon Valley Bank; Eyes Acquisition Targets

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 Grabs $16 Million During Series C Funding Round Led By Battery Ventures & Silicon Valley Bank

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

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