Tag: Silicon Valley Bank

March 13, 2023 BY Steffy Bogdanova

HSBC acquires UK’s Silicon Valley Bank for £1

Noel Quinn, the CEO of HSBC Group, commented: This acquisition makes excellent strategic sense for our business in the UK. It strengthens our commercial banking franchise and enhances our ability to serve innovative and fast-growing firms, including in the technology and life-science sectors, in the UK and internationally. The UK Financial Conduct Authority issued a…

Read more
August 06, 2019 BY Valentina Kirilova

Kantox and Silicon Valley Bank to provide FX hedging technology to UK corporates

FX management solutions company, Kantox, has announced today that it has partnered with Silicon Valley Bank (SVB) to offer FX management software to SVB’s corporate clients across the United Kingdom. Dynamic Hedging, a micro-hedging solution developed by Kantox, fully automates FX risk management to create greater efficiencies for treasurers. The technology provides better visibility over…

Read more
LMAX Exchange trading floor
February 01, 2018 BY LeapRate Staff

LMAX Exchange buys out Paddy Power Betfair stake for £21.9M with Silicon Valley Bank funding

Institutional FX exchange provider LMAX Exchange Group has announced that it has completed an equity purchase of Paddy Power Betfair plc’s remaining stake in the business. The 31.35% stake (or 187,811 shares) was bought from Paddy Power Betfair for £21.945 million, valuing LMAX Exchange at £70 million. The buyback brings 95% of the company under the control…

Read more
December 10, 2014 BY LeapRate Staff

eToro raises $27 million from China's Ping An and Russia's Sberbank

Confirming our earlier post on the matter, retail forex broker eToro has successfully raised $27 million from units of China’s Ping An and Russia’s Sberbank. Current investors Spark Capital and BRM also participated in the financing. The round also includes a credit facility from Silicon Valley Bank. Industry sources tell LeapRate that the financing was done at…

Read more