Known FinTech investor Silicon Valley Bank has announced plans to give Danish tech startups a leg up a by supplying at least $200m in loans.
Silicon Valley Bank, which has previously invested in FinTech firms like TotallyMoney, Finitive and Personal Capital, said it had opted to expand to Denmark with a new office as it saw huge opportunities in the country’s promising entrepreneurial landscape.
“Denmark presents an exciting opportunity for us to expand our European operations and we are thrilled to welcome Sebastian on board,” said Erin Platts, head of EMEA and president of the UK branch of Silicon Valley Bank. “Our expansion into Denmark is a key milestone for SVB and underscores our commitment to the European technology landscape. It allows us to broaden the network of companies we serve, while contributing to the growth of the global innovation economy.”
FinTech investment in Denmark grew between 2014 and 2017, according to FinTech Global’s data. In 2014, only $8.4m were invested in the Scandi nation. However, by 2017, that figure had jumped to $66.9m.
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