For its 2,690+ fintech clients, Silicon Valley Bank (SVB) is more than just a bank. In addition to the venture debt financing and startup banking that it’s known for, SVB is a gateway for commercial payments and online payments acceptance. In fact, it markets itself not as a bank, but as a financial technology partner.
According to SVB, its clients account for 71% of all fintech IPOs since 2020. It’s clearly plugged into the fintech ecosystem.
The fallout from recent events may leave a hole in fintech that won’t easily be filled. While moving to a new bank for your deposits might be simple, searching for and setting up a payment rails and processing partner is a more difficult process.
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The post Silicon Valley Bank was at the center of the fintech ecosystem. We break down every fintech sector it touched and 45 companies affected by its uncertain future. appeared first on CB Insights Research.