Alviere Closes Silicon Valley Bank Financing to Fuel Growth in Europe and Latin America

Alviere Closes Silicon Valley Bank Financing to Fuel Growth in Europe and Latin America

By Edlyn Cardoza

Today

  • Alviere
  • Integrated financing
  • Enterprise Software Solutions

Alviere, the leading provider of enterprise software solutions for integrated finance, enabling any brand to easily deliver a full suite of financial products and services to its customers, fans and employees, recently announced that it has secured funding from Silicon Valley Bank, the bank for the world’s most innovative businesses and investors.

“The global demand for integrated financial services is growing exponentially. Alviere’s leading integrated finance business software platform easily enables brands to deliver exciting new financial products to consumers and businesses, while delivering more value to customers as well as increasing the lifetime value of customers, deepening customer insights and dramatically increasing profitable revenue,” said Yuval Brisker, co-founder and CEO of Alvière. “The Silicon Valley Bank team aligned early on with Alviere’s vision and long-term goal of leading this market globally. We are excited to partner with Silicon Valley Bank to continue fueling our momentum with new capital.

The funding from Silicon Valley Bank follows a year of meteoric growth for Alviere. In addition to raising $70 million from leading FinTech venture capital firms, Alviere has appointed its first CFO and will see major brands launch consumer neo-banking services using its platform this year.

“Alviere plays a key role in today’s fintech ecosystem which will see America’s biggest brands begin to offer their own brand-leading financial services alongside their traditional products or services,” said Jordan Parcell, CEO of Silicon Valley Bank. “Introducing new variations of financial services in stores, stadiums, or anywhere loyal customers want to spend time and money presents a tremendous opportunity for brands to engage their followers in new and exciting ways.”

Silicon Valley Bank, the world’s most innovative corporate and investor bank, provides commercial banking services, expertise and knowledge in technology, life sciences and healthcare, private equity, venture capital and premium wine. Silicon Valley Bank operates in innovation hubs around the world and is one of SVB’s core businesses along with SVB Capital, SVB Private and SVB Securities. With global commercial banking services, Silicon Valley Bank helps meet the unique needs of its dynamic, fast-growing, and innovative customers.

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