Silicon Valley Bank, a division of First Citizens Bank, has announced the provision of a warehouse facility to UpEquity, a mortgage technology company based in Austin. This facility, offered in partnership with Setpoint, will provide UpEquity with up to $200 million in financing capacity, supporting $1 billion in originations over the next two years. Silicon Valley Bank, renowned for its services to the fintech industry, aims to aid UpEquity's growth, as the company has seen its revenue triple annually since launching its 'buy before you sell' solutions in October 2023. This collaboration highlights Silicon Valley Bank's commitment to providing specialized financial solutions and supporting innovative companies in the fintech space.
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