SVB

WealthManagement.com Named a Finalist for Three 2024 Jesse H. Neal Awards

Retrieved on: 
Wednesday, March 27, 2024
Editorial, SVB, Knowledge, Research, RIA, Silicon, RIAS, Silicon Valley Bank, Marketing

NEW YORK, March 27, 2024 /PRNewswire/ -- WealthManagement.com is named a finalist for three 2024 Jesse H. Neal Awards: Best Industry Coverage: RIAs; Best News Coverage, and Best Media Brand.

Key Points: 
  • NEW YORK, March 27, 2024 /PRNewswire/ -- WealthManagement.com is named a finalist for three 2024 Jesse H. Neal Awards: Best Industry Coverage: RIAs; Best News Coverage, and Best Media Brand.
  • The recognition is shared by all for efforts that span the website, our editorial, podcasts, videos, research, events.
  • "We're honored to once again be a finalist for the Neal Awards, and I'm particularly proud of the categories in which WealthManagement.com is a finalist," said Wealth Management Group's director of editorial strategy and operations David Armstrong.
  • The 2024 Neal Award winners will be announced and honored at a New York City luncheon on April 26.

Coast raises $92 million in new capital, partners with Visa to expand financial tools and software for modern business fleets

Retrieved on: 
Thursday, March 21, 2024
BoxGroup, Visa, Insight Partners, The Home Depot, Partnership, SVB, SVP, Lerner, GPS, Transport, SMS, Daniel, Silicon, HVAC, Workflow, Traction, Accel, Pest control, Silicon Valley Bank, Discount Tire, RaceTrac, Cumberland Farms, Economics, Mobile phone

The company also secured $67 million in committed debt capital from Silicon Valley Bank and TriplePoint Capital.

Key Points: 
  • The company also secured $67 million in committed debt capital from Silicon Valley Bank and TriplePoint Capital.
  • The fleet fuel payments on these specialized cards add up to a staggering $120 billion annually in the US.
  • Coast, led by founder and CEO Daniel Simon, reimagines the fleet payments product category, enabled by mobile technology and state-of-the-art vehicle data and telematics.
  • "Coast provides a strong financial product backed by powerful software for fleet-operating businesses, which allows it to attract very high-quality companies as customers," Foley said.

Link Money Collaborates with Silicon Valley Bank to Scale its Pay by Bank Solution

Retrieved on: 
Thursday, March 21, 2024
First Citizens BancShares, ACH, SVB, SAN, Silicon Valley Bank, Bank, Cryptocurrency

SAN FRANCISCO, March 21, 2024 /PRNewswire-PRWeb/ -- Link Financial Technologies, Inc. (dba Link Money), a US-based open banking payment platform, and Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced a strategic collaboration. Going forward, SVB will handle ACH processing and money movement on behalf of Link Money's merchants, enabling Link Money to enhance its capabilities, scale faster and further improve its Pay by Bank product.

Key Points: 
  • SAN FRANCISCO, March 21, 2024 /PRNewswire-PRWeb/ -- Link Financial Technologies, Inc. (dba Link Money), a US-based open banking payment platform, and Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced a strategic collaboration.
  • Going forward, SVB will handle ACH processing and money movement on behalf of Link Money's merchants, enabling Link Money to enhance its capabilities, scale faster and further improve its Pay by Bank product.
  • SVB's tech-forward banking platform enables us to provide a higher quality product offering for merchants utilizing our Pay by Bank solution.
  • Link Money's Pay by Bank solution enables merchants to save up to 80% on payment processing fees, reduce fraud costs, and lower churn.

Introducing Centime Banking: Business Banking Reimagined

Retrieved on: 
Wednesday, March 20, 2024
Bank failure, FNBO, Partnership, FDIC, Risk, SVB, Luigi, CFOS, Silicon, Fintech, First National Bank, Silicon Valley Bank, Bank

BOSTON, March 20, 2024 /PRNewswire/ -- Centime, a Boston-based fintech that offers comprehensive cash management and banking solutions to small- to midsize-businesses (SMBs), today announced the launch of a new banking product in partnership with FNBO (First National Bank of Omaha) aimed at helping businesses take control of their cash, protect their deposits, and maximize their return.

Key Points: 
  • At the same time, every business seeks higher yield on their operating accounts, instant liquidity, unrestricted use, and maximum protection against risks.
  • Automated Account Diversification: Centime Checking Plus* users can automatically diversify deposits and get access to multi-million-dollar FDIC insurance coverage.
  • By partnering with FNBO, Centime combines a modern online banking experience that's easy and convenient to administer, with the trusted stability of a 166-year-old financial institution with over $30 billion in assets.
  • To learn more and sign up for Centime Banking today, visit https://www.centime.com/features/banking-solutions .

Brex Named to Fast Company's Annual List of the World's Most Innovative Companies of 2024

Retrieved on: 
Tuesday, March 19, 2024
ROI, Culture, Organization, SVB, SAN, DoorDash, AI, Software, Taco Bell, Silicon Valley Bank, Cryptocurrency

SAN FRANCISCO, March 19, 2024 /PRNewswire/ -- Brex, the AI powered spend platform for startups and enterprises has been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2024. The company earned the standing of No.4 in the Finance category.

Key Points: 
  • The first fully unified global spend platform joins the ranks of Nvidia, YouTube, Taco Bell, and more
    SAN FRANCISCO, March 19, 2024 /PRNewswire/ -- Brex, the AI powered spend platform for startups and enterprises has been named to Fast Company's prestigious list of the World's Most Innovative Companies of 2024.
  • This year's list shines a spotlight on businesses that are shaping industry and culture through their innovations.
  • Alongside the World's 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions.
  • "To be recognized on Fast Company's Innovative Companies list is a testament to our commitment to our customers across the startup community and global enterprises."

Revelation Partners Expands Team and Promotes Internal Talent

Retrieved on: 
Wednesday, March 13, 2024
Growth, Associate, SVB, Ross School of Business, University, Revelation, Marketing, Cowen Inc., Investment, Initial public offering, Multimedia, Amgen, Accounting, Video game

SAUSALITO, Calif., March 11, 2024 /PRNewswire/ -- Revelation Partners announced today it is expanding its team as well as promoting internal talent.

Key Points: 
  • SAUSALITO, Calif., March 11, 2024 /PRNewswire/ -- Revelation Partners announced today it is expanding its team as well as promoting internal talent.
  • "We're excited to add an experienced Associate to the healthcare investment team at Revelation," said Mike Boggs, Managing Partner.
  • In addition to the new hires, Revelation Partners is pleased to highlight the promotion of three team members in 2023.
  • We're always proud to celebrate the growth of internal talent and recognize team members who help us grow the firm and make good investments -- this marks no exception," added Mike Boggs.

Silicon Valley Bank Moves to New Office in Downtown San Francisco

Retrieved on: 
Tuesday, March 12, 2024
Ecosystem, First Citizens BancShares, SVB, Berry Street, SAN, Silicon Valley Bank, Silicon, Acquisition, Howard Street, Nightclub

SAN FRANCISCO, March 12, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank and financial services provider to some of the world's most innovative companies and investors, today announced the opening of its new office in downtown San Francisco. The upgraded space, located at 222 2nd Street, features modern workspaces, as well as an event space and outdoor terrace for convening innovation economy clients and partners. 

Key Points: 
  • SAN FRANCISCO, March 12, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank and financial services provider to some of the world's most innovative companies and investors, today announced the opening of its new office in downtown San Francisco.
  • This San Francisco investment by SVB and parent company First Citizens supports the bank's growth goals and continued commitment to serving the innovation economy.
  • SVB has had a presence in San Francisco for 25 years, since opening its first office at 185 Berry Street in China Basin in 1999.
  • In addition to the San Francisco office, SVB has Bay Area offices in Menlo Park, Palo Alto and Santa Clara.

Olema Oncology Reports Fourth Quarter and Full-Year 2023 Financial Results and Provides Corporate Update

Retrieved on: 
Monday, March 11, 2024
Breast cancer, SAN, Cancer, Investigational New Drug, Woman, ESMO, Biomedical Research, FDA, Everolimus, Corporation, Ribociclib, GAAP, SVB, Patient, Clinical trial, Novartis, Congress, Silicon Valley Bank, Oncology, Initiate, IND, Trial of the century, Research, Pharmaceutical industry

“In 2023 we demonstrated the unique opportunity ahead for palazestrant to make a meaningful impact on improving treatment options for women with ER+/HER2- breast cancer.

Key Points: 
  • “In 2023 we demonstrated the unique opportunity ahead for palazestrant to make a meaningful impact on improving treatment options for women with ER+/HER2- breast cancer.
  • Presented palazestrant monotherapy Phase 2 clinical results at the European Society for Medical Oncology (ESMO) Congress 2023 in Madrid, Spain, as an oral presentation demonstrating compelling activity in both wild-type and ESR1-mutant tumor types.
  • Non-GAAP G&A expenses were $3.1 million and $13.3 million for the quarter and year ended December 31, 2023, respectively, excluding $1.4 million and $5.5 million non-cash stock-based compensation expense respectively.
  • A reconciliation of GAAP to non-GAAP financial measures used in this press release can be found at the end of this press release.

Carputty Secures $80M In New Funds to Accelerate Growth

Retrieved on: 
Wednesday, March 6, 2024
Capital market, Growth, Entrepreneurship, SVB, Fintech, First Citizens BancShares, Silicon Valley Bank, Partnership

ATLANTA, March 06, 2024 (GLOBE NEWSWIRE) -- Carputty (“Carputty” or the “Company”), a leading fintech company revolutionizing auto financing and ownership, is thrilled to announce the successful closure of a $75 million warehouse facility with Silicon Valley Bank (SVB), a division of First Citizens Bank. This significant investment is further bolstered by new equity contributions led by TTV Capital and supported by Fontinalis Partners, Kickstart Fund, Kinetic Ventures, and Grand Ventures. With the investment and warehouse facility combined, Carputty's newest financial backing exceeds $80 million. Other noteworthy key investors include Porsche Ventures and University Growth Fund, who, alongside the current participants have seen Carputty raise more than $100 million in total funding, marking a substantial milestone for the company.

Key Points: 
  • Brian Foley, Market Manager at SVB, collaborated closely with Carputty to structure and launch this transformative warehouse facility.
  • “SVB continues to support fintech companies in significant growth stages, and Carputty exemplifies the innovation and impact we seek in our partners,” said Foley.
  • The new warehouse facility, structured under a two-year term compared to the previous six-month term, serves as a robust growth facilitator for Carputty.
  • Patrick Bayliss, Co-Founder and CEO of Carputty, hailed the momentous occasion as a testament to the company's evolution.

Geron Corporation Reports Business Highlights and Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024
Biotechnology, General Health, Pharmaceutical, Health, Janus, Hercules, BAT, European Commission, EMA, Marketing, Research, New Drug Application, Anemia, Transfusion-dependent anemia, Syndrome, MAA, MF, FDA, Geron Corporation, Imetelstat, Exercise, PDUFA, Loan, Risk, Primary myelofibrosis, Society, MDS, Civil service commission, JAK, History, European Medicines Agency, Webcast, Register, SVB, Patient, Federal, Clinical trial, Corporation, NDA, Depreciation

Geron Corporation (Nasdaq: GERN), a late-stage clinical biopharmaceutical company developing investigational first-in-class telomerase inhibitor, imetelstat, to treat hematologic malignancies, today reported business highlights and financial results for the fourth quarter and full year 2023.

Key Points: 
  • Geron Corporation (Nasdaq: GERN), a late-stage clinical biopharmaceutical company developing investigational first-in-class telomerase inhibitor, imetelstat, to treat hematologic malignancies, today reported business highlights and financial results for the fourth quarter and full year 2023.
  • The FDA assigned a Prescription Drug User Fee Act (PDUFA) action date of June 16, 2024 to the NDA.
  • In September 2023, the European Medicines Agency (EMA) validated the Marketing Authorization Application (MAA) for imetelstat in the same proposed indication as the NDA.
  • Geron will host a conference call at 8:00 am ET on Wednesday, February 28, 2024, to discuss business updates and fourth quarter and full year 2023 financial results.