HSBC Acquires Silicon Valley Bank’s UK Unit for Just £1
In a dramatic turn of events, HSBC has rescued Silicon Valley Bank’s UK arm and prevented a crisis in Britain’s tech sector. The move comes after all-night talks led by Prime Minister Rishi Sunak and the Bank of England. With this acquisition, HSBC has ensured that Silicon Valley Bank’s UK unit will continue to operate without interruption and contribute to the growth of the UK’s tech sector. This move is expected to have a significant impact on the UK’s financial landscape and marks a major milestone in HSBC’s expansion strategy.
Silicon Valley Bank Plummets 60% – Experts Predicting a Major Banking Crisis Looming Ahead
The financial future of Silicon Valley Bank is looking bleak as its stock price plummeted by 60 percent on Thursday, leaving investors and industry experts speculating about which financial institution could be next to face similar troubles.
OneSignal secures $50M to roll out its customer engagement platform
A customer engagement solution based in California, OneSignal, has secured $50 million in Series C funding. With this round, the total investment raised by the company accounts for over $80 million. The round was led by BAM Elevate, an investment division of Balyasny Asset Management alongside participation from Nimble Partners and existing investors SignalFire and Zach […]
Avenda health ropes in $10M to cure prostate cancer via AI
Avenda Health, a California-based AI healthcare company creating the future of personalised prostate cancer care, has raised $10M in Series B funding led by VCapital. The round also includes Plug & Play Ventures and Wealthing VC Club participation. Avenda Health will use the funds to accelerate the use of iQuest, an AI-enabled patient management software that […]
Edtech Microverse raised $4M to help Developers learn coding online
San Francisco-based Microverse has expanded its Series A funding to 4 million, thanks to new investors True Equity (a division of executive search giant True Search) and Northzone, who both joined existing investors General Catalyst, All Iron Ventures, and business angels in the investment. This raises the total funding for the round to $16.5 million. […]
Arc raises $20M to build a digital Bank for Software Startups
Arc, which is based in San Francisco, has raised $20 million in Series A funding. They have accumulated $181 million in funding over the last year, with $31 million of that being equity, and $150 million being a credit line. Other investors, such as NFX, Y Combinator, Clocktower Technology Ventures, Torch Capital, Atalaya, Bain Capital […]
$14M for Kompliant to help companies tackle financial compliance challenges
The U.S.-based compliance startup, Kompliant, recently closed a $14m Seed round led by Level One Fund. Kompliant solves for end-to-end compliance lifecycle management through leading-edge technology and innovative workflows. The platform automates many of the manual processes associated with the underwriting and monitoring for financial institutions. The investment will accelerate Kompliant’s growth by devoting additional resources to […]
Meta Reports Second Quarter 2022 Results
Meta Platforms, Inc. today reported financial results for the quarter ended June 30, 2022. “It was good to see positive trajectory on our engagement trends this quarter coming from products like Reels and our investments in AI,” said Mark Zuckerberg, Meta founder and CEO. “We’re putting increased energy and focus around our key company priorities that unlock […]
