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Silicon Valley Bank Serves As Lead Arranger For £50 Million Financing For Draper Esprit
Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses and their investors, today announced that it led a £50 million senior secured term loan to Draper Esprit plc, the AIM-listed venture capital investor, which has supported entrepreneurial, fast-growing companies across Europe for over 20 years.
The financing includes a three-year £25 million revolving credit facility from Silicon Valley Bank, which served as the mandated lead arranger and facility agent, and an additional £25 million loan from a third party. The financing will allow the company to become more agile when identifying investment opportunities and provide increased operational efficiency.
“The additional financing from Silicon Valley Bank will support the expansion of our portfolio and ensure that we continue to invest in the best companies in the market. Silicon Valley Bank has an in-depth understanding of our business and industry and have provided the necessary financing to support and accelerate our business objectives,” said Ben Wilkinson, Chief Financial Officer, Draper Esprit.
Gavin Rees, Region Manager, Global Funds Banking UK, Silicon Valley Bank said, “We are delighted to have partnered with Draper Esprit to develop this innovative facility. The iterative process between Draper Esprit and Silicon Valley Bank is characteristic of how we work collaboratively with our fund clients to find solutions, which are tailor-made for their individual needs.”
Draper Esprit has a £595 million portfolio of early-stage and growth companies, including companies such as Trustpilot, UiPath, Transferwise and Graphcore.
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Interactive Brokers Integrates AI into Client Portfolios – Informed by Agentic Technology, Controlled by the Client
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Paysafe research: Crypto Payments to Transform US Online Sports-betting
83% of U.S. bettors are keen to use cryptocurrency to fund wagers with online sportsbooks, when permitted, according to research issued today by leading payments platform Paysafe (NYSE: PSFE). The company’s All the Ways Players Pay: Crypto Edition report also suggests that when a state permits crypto payments, sportsbooks supporting deposits by digital assets and even payouts will gain a competitive edge in player acquisition and retention.
BMLL Appoints Michael Chiappinelli as Chief Revenue Officer
BMLL, the leading independent provider of continually engineered, harmonised, historical Level 3, 2 and 1 data and analytics for Capital Markets, spanning global equities, ETFs, futures and US equity options, today announced the appointment of Michael Chiappinelli as Chief Revenue Officer. Based in the USA, he will lead the company’s international commercial strategy and revenue organisation, accelerating global market expansion and deepening institutional client engagement. Michael will report to Paul Humphrey, CEO of BMLL, and join its executive management team.
Introducing Flute: Payments Built for the Everyday Economy
Aurora Payments today announced its rebrand as Flute, alongside the launch of a unified payments platform built for the growing businesses that power the everyday economy. Flute brings payments, working capital, transaction reporting and merchant servicing into a single account for the millions of merchants across the independent retail, personal services, professional services and hospitality industries.
ThetaRay Gamifies Financial Defense at Money20/20 Europe with a Compliance Twist on “Where’s Waldo”
ThetaRay, a leader in AI infrastructure for financial crime compliance, today unveiled Spot The Money Mule at Money20/20 Europe. The high-speed online game is a compliance twist on "Where’s Waldo" for the AI age, designed to bridge the gap between complex banking infrastructure and the public’s role in stopping global crime.
Kraken Set to Launch First CFTC-Regulated Perpetual Futures for US Traders
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Finastra Convenes Industry Leaders in Sydney to Shape the Next Era of Banking at Innovating Finance Together Summit
Finastra brought together leading voices from across the financial services ecosystem at its Innovating Finance Together Summit in Sydney, highlighting how banks, fintechs, and technology partners are turning strategy into execution and delivering tangible results. The Summit reflected a clear shift underway across the industry, from ambition to action. Conversations centered on how institutions are applying AI in practical ways, modernizing core platforms, and working more closely across the ecosystem to accelerate innovation and improve customer outcomes. The central theme was the power of collaboration. As complexity grows and expectations rise, institutions are moving beyond siloed innovation towards more connected, partner-driven models. Speakers emphasized that meaningful transformation increasingly depends on open platforms, shared capabilities, and the ability to innovate together.
Interactive Brokers Integrates AI into Client Portfolios – Informed by Agentic Technology, Controlled by the Client
Interactive Brokers (Nasdaq: IBKR), an automated global broker, today announced agentic trading through direct integration with Claude, one of the world's leading AI platforms. Available through the AI platform’s certified connector marketplace, the integration lets clients manage their accounts and access more than 170 global markets.
Paysafe research: Crypto Payments to Transform US Online Sports-betting
83% of U.S. bettors are keen to use cryptocurrency to fund wagers with online sportsbooks, when permitted, according to research issued today by leading payments platform Paysafe (NYSE: PSFE). The company’s All the Ways Players Pay: Crypto Edition report also suggests that when a state permits crypto payments, sportsbooks supporting deposits by digital assets and even payouts will gain a competitive edge in player acquisition and retention.
BMLL Appoints Michael Chiappinelli as Chief Revenue Officer
BMLL, the leading independent provider of continually engineered, harmonised, historical Level 3, 2 and 1 data and analytics for Capital Markets, spanning global equities, ETFs, futures and US equity options, today announced the appointment of Michael Chiappinelli as Chief Revenue Officer. Based in the USA, he will lead the company’s international commercial strategy and revenue organisation, accelerating global market expansion and deepening institutional client engagement. Michael will report to Paul Humphrey, CEO of BMLL, and join its executive management team.
Introducing Flute: Payments Built for the Everyday Economy
Aurora Payments today announced its rebrand as Flute, alongside the launch of a unified payments platform built for the growing businesses that power the everyday economy. Flute brings payments, working capital, transaction reporting and merchant servicing into a single account for the millions of merchants across the independent retail, personal services, professional services and hospitality industries.
Scaling Quality with Agentic Test Automation
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ThetaRay Gamifies Financial Defense at Money20/20 Europe with a Compliance Twist on “Where’s Waldo”
ThetaRay, a leader in AI infrastructure for financial crime compliance, today unveiled Spot The Money Mule at Money20/20 Europe. The high-speed online game is a compliance twist on "Where’s Waldo" for the AI age, designed to bridge the gap between complex banking infrastructure and the public’s role in stopping global crime.