Tagged: silicon valley bank

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

January 20, 2016 @ 11:29 am By Samantha Hurst  |  

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

January 10, 2016 @ 10:07 pm By JD Alois  |  

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

September 28, 2015 @ 3:42 pm By Samantha Hurst  |  

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

July 30, 2015 @ 2:57 pm By Samantha Hurst  |  

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

May 28, 2015 @ 7:00 am By Erin Hobey  |  

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