Silicon Valley Bank is the bank of the innovation economy. Software & InternetHardware & InfrastructureLife Science & HealthcarePrivate Equity & Venture Capital. UK-based international money transfer platform TransferGo has reportedly secured €5 million investment from Silicon Valley Bank. 04:32 As American start-ups become ever more expensive thanks to sky-rocketing valuations, West Coast investors are increasingly looking at burgeoning European start-ups as an attractive alternative to Silicon Valley. Silicon Valley Bank and MasterCard looking for fintech start-ups for Commerce.Innovated accelerator. SANTA CLARA, Calif., Jan. 7, 2019 /PRNewswire/ -- Healthcare venture investment in the U.S. and Europe reached a new high in 2018, according to Silicon Valley Bank, the bank of the world's most innovative companies and their investors.Investment totals in 2018 grew more than 50 percent over 2017, with the activity due in large … It is mandatory to procure user consent prior to running these cookies on your website. All rights reserved. US-based Silicon Valley Bank (SVB) and MasterCard are calling on US start-ups to apply for their Commerce.Innovated accelerator programme. Watch this Silicon Valley Bank … At Silicon Valley Bank, we serve private equity and venture capital funds with banking services and customised financing. This year, the Paris-based outfit raised capital worth $45 million in a funding round led by Tencent, a Chinese multinational conglomerate. This stunning success has seen high rewards: with a rumoured valuation of $4 billion, the food-delivery app netted around $575 million in 2019 from American investors like Amazon and Greenoaks Capital Management. The bank of the world's most innovative companies and their investors. The pre-Series C investment funds will be used to develop and expand TransferGo’s real-time payments (RTP) platform for consumers, small and medium-sized enterprises (SMEs) and enterprise clients. Find useful information and resources to help existing clients. Tech Firms to Face Fine if Unsuccessful With Curbing Illegal Content, Europe Accelerates Review of Pfizer-BioNTech Vaccine, Johnson Told to Quit if Britain, EU Fail to Seal Trade Deal, Informal Deal Struck on Programme of EU Digital Transformation, EU Commission and CoR Partnership Launched to Support EU Local Authorities in Migrant Integration Efforts, 27 EU Members Officially Pass €1.8-Trillion 2021 Budget, UK Warns Allergic People Versus Buying Pfizer Vaccine, EU’s Brexit Proposal Not Acceptable to Any PM—Johnson, AfD Delegation meets with Russia’s Foreign Minister Lavrov, British PM to Meet EC President as Clock Ticks on Trade Deal, Moderna Seeks Regulator Approval for Vaccine Use, Canary Islands Witness Significant Increase in Migration. Silicon Valley Bank may be known for its operations in the tech hub it gets its name from, but it also has a big presence in Europe. The cross-border payments company plans to use the amount to improve its digital payments services. Since its founding in 2013, Deliveroo has become a household name with more than 6 million users, and has helped the U.K. tech sector to generate more than £10 billion in 2019. The 33-year old salvaged her spring in lockdown by learning the arts and craft of Zwift to win the Virtual Tour de France with her Team Tibco-Silicon Valley Bank teammates, and when she hit the road again in the summer, took a long-sought-after GC victory at the Tour de l'Ardèche. These apps are but a snapshot of what’s moving the European tech market, and what could soon give Silicon Valley a run for its money. While each of them caters to different consumer needs, what they all have in common is service which is tailored to the changing tastes and preferences of Millennials and the Gen Z generation. Get comprehensive banking and financial services to help your company scale and go global. But the firm is merely the latest addition to a growing number of American VCs that are flocking across the Atlantic to expand their portfolios beyond their traditional, California-focused investments. It thus contrasts with Facebook and Instagram, where the numbers of friends and likes run the show, and interaction can seem more stilted than personal. We are here to provide financial solutions and business insights designed for growing companies. For example, the appeal of food delivery apps derives from the fact that Millennials work longer and more irregular hours than any previous generation, making the preparation of food not always possible, or even desirable. Will Europe soon have its own Silicon Valley? Some of the big apps drawing huge investments in VC rounds are spread across a range of services and include the likes of British food-delivery app Deliveroo, as well as French apps Yubo and Lydia. ... Silicon Valley Bank is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, … It is a region of the South zone of the San Francisco Bay, in Northern California in the United States. At Silicon Valley Bank, we serve private equity and venture capital funds with banking services and customised financing. European tech startups consequently saw a 40 percent surge in VC funding in 2019, accounting for $34 billion, leaving American and Asian ones in their trails. The app uses an algorithm called Frank, which not only maximizes the earnings of the restaurant and the deliverer, but also reduces customers’ waiting time in matching food orders with restaurants. When you work with the world’s most innovative companies, you know you’re making a difference. BaFin has just granted Silicon Valley Bank a lending licence SVB Germany Branch is now open for business in Frankfurt Head of SVB EMEA says the German innovation scene is “very exciting and full of potential” Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses and their investors, announced today that it […] For any person living in France, the mobile-payments platform Lydia has become indispensable to money transactions, attracting 3 million users on a daily basis. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Will Brexit mean business as usual for UK startups? But opting out of some of these cookies may have an effect on your browsing experience. SVB provides a full range of financial services and expertise to companies of all sizes in innovation centers around the world. Silicon Valley, better known for hot tech start-ups and venture capital firms, is also home to the highest-paying public bank in the U.S. Silicon Valley Bank clients live beyond the status quo. After all, the technological innovation scene in Europe is booming not just because of its high profit investment ratio but because its products take cognizance of the evolving needs and preferences of the consumers. Europe is a large and growing market for alternative funds. The Shanghai-headquartered bank opened its Beijing branch in February and signed a memorandum with the Shenzhen government on Thursday on the establishment of a branch in the city, a technology and innovation hub. Register for upcoming live webinars and access recorded webinars to learn about the latest trends for your business and industry. The party continues to establish its relationship with the Kremlin. But it often comes with challenges. Our clients are the game changers, leaders and investors who fuel the global innovation economy. By clicking "Accept" or by continuing to use the site, you agree to this use of cookies and data. Among them are apps like Swedish startup Spotify or Amsterdam’s payments app Aden, the former worth over $26 billion. Still, Yubo is not the only French startup attracting big money. This is what the European Union is all about. During a visit by two AfD politicians to Moscow. These cookies will be stored in your browser only with your consent. Another app that has succeeded in leaving its mark, this time in the highly-contested social media sector, is France’s Yubo. Gravel and e-sport races will also remain a fixture on the 2021 schedule. Philanthropist Wilbur Ross has told a … This category only includes cookies that ensures basic functionalities and security features of the website. Team TIBCO-Silicon Valley Bank has another comprehensive race calendar in mind for 2021. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window). If you’re running an innovation business in the UK or Europe and want to infiltrate new markets, US expansion is often a top priority, as the largest commercial market in the world and the global leader in venture-backed financing. The alliance has seen TransferGo receive £4 million as financing from SVB. The most important ingredient of their recipe for success is their ability to bring something new to the saturated app market – an ability to cater to the unique demands of consumers and listening to what people want, namely simplifying, securing and personalising online activities. he global economy has rapidly deteriorated, and the tech ecosystem is bracing for impact. We were founded in Silicon Valley and now offer our expertise and banking services to startups wherever they call home. EXPAND WITH CORPORATE AND SPONSOR FINANCE SOLUTIONS, For a better web experience - please upgrade your browser to Google Chrome. Necessary cookies are absolutely essential for the website to function properly. When you are building value and managing consistent growth, you require a bank that is tailored for your unique business. SVB is open for business and supporting the needs of our employees, clients and communities around the world. The growing popularity of the app amongst the target population of under-30s who want transactions to be card and cash-free, coupled with Lydia’s future plans of transforming into a meta-banking app, are clearly making this platform an appealing investment destination.