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IBOS member bank Silicon Valley Bank (SVB) announced today, 10 April 2017, its collaboration with Commerce.Innovated.

Silicon Valley Bank and First Data, a global leader in consumer-centric digital banking solutions, today announced its collaboration on Commerce.Innovated., an accelerator designed to help commerce, payments and fintech start-ups grow their businesses.

The four-month virtual programme provides participants with operational mentorship from Silicon Valley Bank, First Data and their respective networks.

Reetika Grewal, head of Silicon Valley Bank’s payments strategy and solutions group, commented:

“We’re excited to begin the next phase of Commerce.Innovated. with First Data as our partner. First Data brings vast payments, fintech and commerce expertise and resources to the table that will be pivotal for our startups as they build their businesses. Our small class size allows us to work closely with each entrepreneur and really customise the programme to help them reach their specific milestones.”

The programme is open to early-stage companies meeting the following criteria:

  • Creating a solution that is helping to make commerce, payments or fintech easier, safer or better for consumers or businesses
  • Have a strong, small core team dedicated to the mission
  • Secured or raising seed or Series A funding
  • Have a working product

Read the press release, via Silicon Valley Bank, here.