Agreement Express Secures Silicon Valley Bank Loan
OREANDA-NEWS. Agreement Express, the premier onboarding automation software for the financial services industry, announced today that it has successfully closed a US$1 Million Revolving Line of Credit with Silicon Valley Bank (NASDAQ:SIVB). The funds will be used to further grow the company's core onboarding platform and extensions ecosystem.
"As a high growth and maturing SaaS company, having Silicon Valley Bank as a financial partner reinforces our leadership position in automated onboarding for financial service companies," said Brad Carlyle, Chief Financial Officer of Agreement Express. "The additional funds provided by Silicon Valley Bank will further support our rapid growth and expand our geographic reach into new markets."
"Silicon Valley Bank is excited to partner with Agreement Express," said Minh Le, Market Manager, Washington & Western Canada. "Agreement Express is solving a key business challenge in the financial services sector. We are pleased to help facilitate the growth of their business and to broaden our support of Canada's innovation and entrepreneurial ecosystem."
About Agreement Express
Agreement Express is onboarding automation software for the financial services industry. The platform fully digitizes and automates the customer onboarding experience with responsive forms, custom workflows, and automated risk assessment. Agreement Express enables global Fortune 500 companies to scale their operations and grow their businesses worldwide.
About Silicon Valley Bank
For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators.
Silicon Valley Bank is a member of SVB Financial Group. ©2016 SVB Financial Group. All rights reserved. Silicon Valley Bank is a member of FDIC and Federal Reserve System. SVB>, SVB Financial Group, and Silicon Valley Bank are registered trademarks.