Silicon Valley Bank

Rhombus Secures $26M+ in funding to Propel Cloud-Managed Physical Security Innovation

Retrieved on: 
Dienstag, Februar 27, 2024
Access control, Fortune 500, Security, Investment, Growth, Silicon, Ameriprise Financial, Senior, City, Uncorrelatedness (probability theory), Organization, Ecosystem, SVB, Machine learning, Silicon Valley Bank, Trust, Partnership, Management

Additionally, in the last year, Rhombus has made outstanding progress in augmenting its ecosystem while continuing to focus on growth and optimization.

Key Points: 
  • Additionally, in the last year, Rhombus has made outstanding progress in augmenting its ecosystem while continuing to focus on growth and optimization.
  • Highlights include:
    As Rhombus continues to grow, they remain focused on producing innovative approaches to security infrastructure at scale.
  • Rhombus values innovation, integrity, and simplicity, aiming to make physical security stress-free while maintaining high ethical standards.
  • With this funding, Rhombus is poised to continue our trajectory of rapid growth" said Garrett Larsson, CEO of Rhombus.

First-Ever Copy-Trading Platform dub Raises $17M Seed Round From A-List VCs and Individual Investors

Retrieved on: 
Donnerstag, Februar 22, 2024
Social media, Education, Wang, Apple Watch, Dorm Room Fund, Uber, Harvard University, Human, Parent, Meta, Partner, FINRA, SVB, Apple, First Citizens BancShares, VR, Security (finance), Goldman Sachs, Silicon Valley Bank, TIAA, Cryptocurrency

NEW YORK, Feb. 22, 2024 /PRNewswire/ -- dub, the first copy-trading platform in the U.S., today announced a $17 million funding round from a group of venture capital firms and individual investors including the CEO of Uber and Co-founder of Robinhood.

Key Points: 
  • dub allows everyday investors to replicate the portfolios of emerging investment managers, famed hedge funds, or elected officials with a single tap.
  • The funding also includes a $2 million venture debt facility provided by Silicon Valley Bank (SVB), a division of First Citizens Bank.
  • With the simple-to-use dub app, everyday investors can choose to copy portfolios with the same ease of buying a single stock.
  • The same investors, or any individual on dub, can also avail their own investment portfolios to be copied.

DealFlow Events Announces the 2nd Annual Venture Debt Conference 2024

Retrieved on: 
Dienstag, Februar 13, 2024
Structural capital, Education, Growth, Barnes & Thornburg, IBN, Conference, Partner, SVB, Silicon Valley Bank, CIO, Venture debt, HSBC, Edison Theatre, Bank

NEW YORK, Feb. 13, 2024 (GLOBE NEWSWIRE) -- via IBN – DealFlow Events, host and organizer of hundreds of investment themed conferences over the past two decades, is proud to announce the 2nd Annual Venture Debt Conference 2024 , the world’s largest forum dedicated to non-dilutive financing strategies for emerging growth companies.

Key Points: 
  • NEW YORK, Feb. 13, 2024 (GLOBE NEWSWIRE) -- via IBN – DealFlow Events, host and organizer of hundreds of investment themed conferences over the past two decades, is proud to announce the 2nd Annual Venture Debt Conference 2024 , the world’s largest forum dedicated to non-dilutive financing strategies for emerging growth companies.
  • The full-day forum will focus on the growing role of venture debt and the varied forms of financing that minimize ownership dilution.
  • The Venture Debt Conference offers unique opportunities for networking, as well as in-depth discussions of nondilutive loan strategies for VC-backed and emerging growth companies.
  • The Venture Debt Conference 2024 is free to attend for executive-level employees or board directors at qualifying private companies or those representing a venture-backed or emerging growth company contemplating venture debt.

Float Partners with Silicon Valley Bank, a division of First Citizens Bank, Secures C$50 Million in Financing to Accelerate Growth

Retrieved on: 
Dienstag, Februar 13, 2024
YOY, USD, Charge card, Growth, CPG, Silicon, Entrepreneurship, CAD, Warehouse, Fintech, SVB, First Citizens BancShares, Silicon Valley Bank, Partnership, Cryptocurrency

Under the terms of the deal, Float CEO Rob Khazzam confirms the company has access to C$50 million to expand its innovative Charge Card program, which achieved nearly 300% YOY payment volume growth in 2023.

Key Points: 
  • Under the terms of the deal, Float CEO Rob Khazzam confirms the company has access to C$50 million to expand its innovative Charge Card program, which achieved nearly 300% YOY payment volume growth in 2023.
  • "Float is challenging the status quo when it comes to providing payment solutions for Canadian companies and teams.
  • We're thrilled to be a part of Float's growth and bolster its expansion across the country."
  • In 2024, Float will continue to expand its footprint with new payment and software solutions purpose-built for Canadian companies.

EQS-News: Stefan Kühn: Bitcoin - Analysis of the current market situation and future prospects

Retrieved on: 
Dienstag, Januar 30, 2024
Silicon, Lehman Brothers, Uncertainty, Imagination, Credit Suisse, News, BTC, FTX, Silicon Valley Bank, Cryptocurrency

As an economist, I analyse the current market situation and take a look at Bitcoin's future prospects.

Key Points: 
  • As an economist, I analyse the current market situation and take a look at Bitcoin's future prospects.
  • The collapse of FTX and the tightened regulation of Binance by the SEC also put Bitcoin to the test.
  • Global political and economic uncertainty, increasing regulation and potential technological challenges could impact the future of Bitcoin.
  • Bitcoin remains a highly volatile asset and the future of the cryptocurrency depends on a variety of factors.

South Plains Financial, Inc. Reports Fourth Quarter and Year-End 2023 Financial Results

Retrieved on: 
Freitag, Januar 26, 2024
Silicon, Dislocation, Signature Bank, Sale, Tax, Common equity, City Bank, AOCI, Fed, SPFI, Federal Reserve Bank, Eastern Time Zone, Silicon Valley Bank, Growth, Video game

Net income for the fourth quarter of 2023 was $10.3 million, compared to $13.5 million for the third quarter of 2023 and $12.6 million for the fourth quarter of 2022.

Key Points: 
  • Net income for the fourth quarter of 2023 was $10.3 million, compared to $13.5 million for the third quarter of 2023 and $12.6 million for the fourth quarter of 2022.
  • Diluted earnings per share for the fourth quarter of 2023 was $0.61, compared to $0.78 for the third quarter of 2023 and $0.71 for the fourth quarter of 2022.
  • Annualized net charge-offs were 0.08% for the fourth quarter of 2023, compared to 0.05% for the third quarter of 2023 and 0.09% for the fourth quarter of 2022.
  • South Plains will host a conference call to discuss its fourth quarter and year-end 2023 financial results today, January 26, 2024, at 10:00 a.m., Eastern Time.

Old National's 4th Quarter and Record Full-Year Results Supported by Strong Deposit Franchise, Stable Credit Quality and Well-Managed Expenses

Retrieved on: 
Dienstag, Januar 23, 2024
Silicon, FDIC, Central Time, Federal Deposit Insurance Corporation, International, Signature Bank, Sale, Investment, Acquisition, VISA, By-law, Old National Bank, PCD, Silicon Valley Bank, Visa, Bank

A loan to deposit ratio of 89% at December 31, 2023, combined with existing funding sources, provides strong liquidity.

Key Points: 
  • A loan to deposit ratio of 89% at December 31, 2023, combined with existing funding sources, provides strong liquidity.
  • Total commercial loan production in the fourth quarter was $1.3 billion; period-end commercial pipeline totaled $1.7 billion.
  • Average total loans in the fourth quarter were $32.8 billion, an increase of $116.9 million from the third quarter of 2023.
  • Strong credit quality continues to be a hallmark of Old National.

Results of West Texas Headwinds and FDIC Surprise 4th Quarter Assessment Only Things Standing Between HOMB and Expected 2023 Goal of $400 Million Plus

Retrieved on: 
Donnerstag, Januar 18, 2024
Silicon, CFG, FDIC, Internet access, ROA, Trust, Home, Federal Deposit Insurance Corporation, Home BancShares, FHLB, Centennial, Signature Bank, Environment, Calendar, Internet, FRB, HOMB, Silicon Valley Bank, Bank

Our net interest margin was 4.17% for the three-month period ended December 31, 2023, compared to 4.19% for the three-month period ended September 30, 2023.

Key Points: 
  • Our net interest margin was 4.17% for the three-month period ended December 31, 2023, compared to 4.19% for the three-month period ended September 30, 2023.
  • During the fourth quarter of 2023, there was $120,000 of event interest income compared to $521,000 of event interest expense for the third quarter of 2023.
  • Net charge-offs were $3.0 million and $2.9 million for the three months ended December 31, 2023 and September 30, 2023, respectively.
  • Stockholders’ equity was $3.79 billion at December 31, 2023, compared to $3.65 billion at September 30, 2023, an increase of approximately $136.2 million.

Cart.com Secures $70 Million in Debt Refinancing From Silicon Valley Bank

Retrieved on: 
Donnerstag, Januar 18, 2024
Technology, Communications, Specialty, Fashion, Cosmetics, Home Goods, Retail, Finance, Banking, Electronic Commerce, Professional Services, Transport, Other Technology, Software, Supply Chain Management, Online Retail, Internet, Luxury, Department Stores, Data Management, Other Retail, Logistics, Public Relations, Investor Relations, Cloud, SVB, Commerce, Cart.com, Silicon Valley Bank, First Citizens BancShares, Growth

Cart.com , a leading provider of unified commerce and logistics solutions that enable merchants to sell and fulfill anywhere, announced today it has secured a $70 million debt facility from Silicon Valley Bank (SVB), a division of First Citizens Bank.

Key Points: 
  • Cart.com , a leading provider of unified commerce and logistics solutions that enable merchants to sell and fulfill anywhere, announced today it has secured a $70 million debt facility from Silicon Valley Bank (SVB), a division of First Citizens Bank.
  • Cart.com supports over $8 billion in gross merchandise value and operates 14 omnichannel facilities nationwide, totaling over 8.5 million square feet of space.
  • In June, the company announced it had raised a $60 million Series C equity funding round at a valuation of $1.2 billion.
  • SVB is proud to serve over two-thirds of the companies currently listed on the Forbes 2023 Cloud 100 list.

Runway Growth Capital Announces Results From Third Venture Debt Review Survey

Retrieved on: 
Donnerstag, Januar 25, 2024
Silicon, PitchBook Data, SVB, Partnership, VCS, Interview, Venture capital, Silicon Valley Bank, Bank

MENLO PARK, Calif., Jan. 25, 2024 /PRNewswire/ -- Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced the findings from its third Venture Debt Review. Produced in partnership with Sage Outcomes, the survey gauges the current market perceptions of venture debt financing, and explores how the collapse of Silicon Valley Bank ("SVB") in March 2023 has shaped the views of both capital seekers and capital providers.

Key Points: 
  • MENLO PARK, Calif., Jan. 25, 2024 /PRNewswire/ -- Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced the findings from its third Venture Debt Review .
  • Produced in partnership with Sage Outcomes, the survey gauges the current market perceptions of venture debt financing, and explores how the collapse of Silicon Valley Bank ("SVB") in March 2023 has shaped the views of both capital seekers and capital providers.
  • Though misperceptions about venture debt persist (as they have historically), the collapse of Silicon Valley Bank seemingly did not affect demand for venture debt or its outlook in the months ahead.
  • Following the survey, 5 subject matter experts within the Runway Growth Capital network were invited to participate in an online in-depth interview to provide a more qualitative perspective to the findings.