Embedded finance software dev Alviere secures funding from Silicon Valley Bank

Alviere, which offers embedded finance software, has received financing from Silicon Valley Bank to support its growth in Europe and Latin America.

The FinTech company claims to empower non-financial brands to easily provide financial products. It offers software for bank accounts, global payments, branded cards, crypto, compliance and payment processing.

Alviere co-founder and CEO Yuval Brisker said, “The global demand for embedded financial services is growing exponentially.

“Alviere’s leading embedded finance enterprise software platform easily enables brands to deliver new and exciting financial products to consumers and businesses alike, all the while bringing more value to customers as well as increasing customer lifetime value, deepening customer insights and dramatically growing profitable revenue.

The FinTech company previously raised $70m in October. This capital was supplied by Viola Ventures, CommerzVentures, Mitsubishi Capital Corporation and many others.

Silicon Valley Bank is no stranger to the FinTech sector. It recently joined the $22.5m debt round of data protection platform Keepit.

The firm also supplied debt to the $200m Series D round of payments infrastructure service Paddle.

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