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Thursday, March 23, 2023
Tags SVB

Tag: SVB

The SVB Collapse: Why Did So Many UK Startups Only Have One Bank Account?

According to a survey by the UK Business Angels Association, just over a third of UK startups had access to no other banking facilities other than SVB UK.

Fintechs Scoop Up Clients Following Collapse of Silicon Valley Bank

Fintech companies focused on serving startups and small businesses are seeing an influx of new clients after the collapse of Silicon Valley Bank (SVB).

The HSBC Takeover of Silicon Valley Bank’s UK Arm: A Positive Development for UK Scale-ups

The collapse of Silicon Valley Bank was a shock to the global start-up community, but the takeover of the bank's UK arm by HSBC may prove to be a positive development for UK scale-ups.

Wise secured £160m from Silicon Valley Bank

Silicon Valley Bank UK Branch (SVB), announced it decided to provide Wise a new £160m capital facility so the company is able to refinance its existing debt.
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Is the Fintech Bubble About to Burst? Lessons from Credit Suisse’s Collapse

Last week, UBS acquired Credit Suisse in a $3.25 billion rescue deal. This event has raised concerns about the viability of business models of highly valued fintech startups.

Zeta and Featurespace Join Forces to Offer Innovative Credit Card Processing and Fraud Detection Solution

Modern core banking technology provider Zeta and fraud prevention company Featurespace announced a new partnership on March 22, 2023.

Fintech Companies Put a Hiring Freeze Due to Economic Climate

A major new report by Erlang Solutions has revealed that half of all fintech firms have put a stop to hiring staff in 2023 due to the challenging economic climate.

Recap of FinovateEurope 2023: Key Themes and Takeaways

With a focus on innovation and customer needs, the future looks bright for the industry.