FinTech news in silicon valley bank category

The deal includes the purchase of about $72 billion assets of Silicon Valley Bank at a discount of $16.5 billion. About $90 billion in securities and other assets of the California-based lenders will remain “in receivership of disposition” by the FDIC.

All in all, the market madness has seemingly created a bullish sentiment in the crypto economy; as traders responded positively to the news, the overall market cap rose on the week and crypto app downloads increased.

YC refused to admit that today’s layoffs and departure from growth stage is related to the banking crisis, it’s hard not to see the news amid the backdrop of a tech reckoning

Brex CEO Henrique Dubugras is currently working to raise over a billion dollars in a weekend to help fund an emergency bridge credit line that he believes will help startup customers impacted by Silicon Valley Bank collapse be able to make payroll next week.

As a threat of a bank run looms at Silicon Valley Bank, days after Silvergate’s meltdown FDIC takes over SVB

When Kristy Kim started TomoCredit in early 2019, she was on a mission to help international students more easily obtain credit.

The product is for early-stage startups only, with Mercury offering between 25% to 50% of a startup’s equity round in debt.