Tenet, an electric vehicle financing platform, secured an electric vehicle only warehouse facility by entering into a warehouse financing agreement of up to $20 million with Silicon Valley Bank to fund Tenet’s electric vehicle loans.
Mundi, a financial services platform for cross-border trade, raised a $100 million warehouse facility from Silicon Valley Bank, enabling the company to expand and support growth.
Stride Funding secured $30 million of low-cost education financing from Silicon Valley Bank. Stride will use the warehouse credit facility to fund upskilling programs for graduates of SV Academy, a skills and employment platform for jobseekers transitioning into technology sales and customer success careers.
Libertas Funding, a technology-enabled specialty finance company that provides funding solutions to small and medium-sized businesses, entered into a warehouse financing agreement of up to $100 million with Silicon Valley Bank.
Silicon Valley Bank provided a $100 million warehouse facility to Stilt, a provider of financial services for immigrants. The debt facility will be used for lending to borrowers and checking account holders.
Silicon Valley Bank entered into a multi-million risk retention financing agreement for SoFi, a digital personal finance company, to provide financing for the company’s risk retention bonds as part of its asset-backed securities issuance requirements.