FDIC looks to sell SVB and Signature Bank securities portfolios
The FDIC says the two portfolios are worth around $27 billion (Signature Bank) and $87 billion (SVB).
Silicon Valley Bank
FinTech Futures: Top five stories of the week – 31 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Rippling raises $500m following collapse of banking partner SVB
The Series E values the firm at $11.25 billion, the same as the company’s Series D in May last year.
SVB Financial Group files for bankruptcy protection in the US
Subsidiaries SVB Securities and SVB Capital are not included in the filing and continue to operate.
FinTech Futures: Top five stories of the week – 17 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
US regulators shutter New York’s Signature Bank following SVB collapse
Signature Bank is a large lender in the cryptosphere.
HSBC snaps up beleaguered Silicon Valley Bank UK for £1
The Bank of England facilitated the deal over the weekend, in consultation with the Treasury.
Socure lands $95m credit facility from JP Morgan, SVB and KeyBanc
CEO Johnny Ayers says the firm plans to invest in “new solutions, verticals, and strategic acquisitions”.
TripActions bags $400m in credit facilities to boost expansion
The new credit facilities have been provided by Goldman Sachs Bank USA and Silicon Valley Bank.
MODIFI secures $145m in debt financing to boost SME trade support
“2021 has been a challenging year for SMEs,” says MODIFI CEO.
Silicon Valley Bank inks payments processing deal with Modern Treasury
Agreement will provide processing for SVB’s clients.
Silicon Valley Bank looks to hire 80 people in UK office
The bank has hired 30 staff in the first half of the year.
TripActions lands $500m credit facility from SVB, Goldman and Comerica
TripActions Liquid will float an employees’ travel spend.
Silicon Valley Bank expands to Denmark, announces new MD Sebastian Penn
The bank is already backing more than 20 companies in the region.
UK regulations push SVB further towards automation
SVB exec comments on Brexit and the UK’s supportive fintech environment.
Silicon Valley Bank lends $300m to innovative Irish companies
It will bring the total amount brought to the Irish market to $500m by 2024.
Regtech ClauseMatch closes $2.5m venture debt funding with SVB
The money will fund further expansion into Europe and Asia.
Kantox completes second debt financing with €5m
The firm saw its first deal with SVB in December 2017.
Silicon Valley Bank welcomed in Canada
The bank has received a Canadian licence and opened an office in Toronto.
How to finance your tech business – balancing equity and debt
Plus top tips on raising capital.
Silicon Valley Bank comes to Germany
The new branch will be based in Frankfurt.
Personal Capital lands $15m credit extension
Gets money from Silicon Valley Bank.
Don’t fear the rise of the robots
With wildly conflicting views from experts on the topic, and given that most of us had our first interaction with artificial intelligence whilst watching The Terminator, it isn’t hugely surprising that there is a fear of the rise of the robots.
Kantox closes debt financing
Silicon Valley Bank (SVB) supplied the funds to the UK-based company.
Finastra Universe London 2017: open banking and the rise of AI
Finastra has revealed its focus on the open innovation of smart technologies in banking, alongside artificial intelligence (AI), machine learning/deep learning.
Persado unveils Persado One; lands $30m credit facility from Silicon Valley Bank
Artificial intelligence (AI)-generated marketing campaign company Persado has unveiled a new product, along with a fresh $30 million credit facility to fuel further expansion.
Sherpa Foundry and Silicon Valley Bank create Silicon Foundry, corporate innovation platform
Sherpa Foundry and Silicon Valley Bank (SVB) have joined forces to launch Silicon Foundry, a membership-based corporate innovation platform.
Silicon Valley Bank opens up throttle for API banking
US-based Silicon Valley Bank (SVB) has launched new APIs to let its clients programmatically open bank accounts, and send payments using a credit card network and via the automated clearing house (ACH) network. Dan Kimmerling, director, API banking at SVB, says its goal this year is to “develop a broad array of APIs” and wants […]
Silicon Valley Bank and First Data launch fintech accelerator
US-based Silicon Valley Bank (SVB) and First Data are calling on US start-ups to apply for their latest Commerce.Innovated accelerator programme. The four-month virtual programme provides participants with operational mentorship from the pair’s respective networks. Reetika Grewal, head of SVB’s payments strategy and solutions group, says its “small class size allows us to work closely […]
MasterCard selects super six for fintech accelerator
Silicon Valley Bank and MasterCard have selected six start-ups to participate in Class 5 of Commerce.Innovated, a virtual accelerator designed to help commerce, payments and fintech start-ups grow their businesses. The six US start-ups will go through the four-month virtual programme and are in various stages of funding and development: Domuso, a payment financing platform […]
Silicon Valley Bank and MasterCard looking for fintech start-ups for Commerce.Innovated accelerator
US-based Silicon Valley Bank (SVB) and MasterCard are calling on US start-ups to apply for their Commerce.Innovated accelerator programme. The application process closes on 10th July, and the programme will run September to December. Commerce.Innovated is a four-month, bi-annual virtual accelerator, and this will be the fifth time it is held. Its organisers say it […]
