About Silvergate
Silvergate is a publicly listed company based in San Diego (United States) founded in 1988. It operates as a partnership-based banking solutions are provided for lending and digital currencies. It operates on a Commission-Based model. Silvergate has completed 1 acquisition, including Diem Association. Its chief executive is Alan Lane. Silvergate offers products and services including Banking Services. Its focus areas include Financials, Banking and Commercial Banking. Its legal entity is Silvergate Liquidation Corporation (fka Silvergate Bank). Its competitors include Truist, First Republic Bank, Equity Bank, Investec and UniCredit and 6 more; 3 of its 11 listed competitors have raised funding.
Company details
Silvergate was involved in offering banking services to customers until its voluntary liquidation in March 2023. Operations were ceased after repaying all deposits by November 2023. The company, now known as Silvergate Liquidation Corporation, was focused on financial services within the banking sector. Settlements with regulatory bodies were reached to facilitate the surrender of its bank charter as part of an orderly wind down.
- Headquarters San Diego, United States
- Stage Public
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website silvergate.com
- Social LinkedIn X
- Legal Name Silvergate Liquidation Corporation (Fka Silvergate Bank)
- Net Profit$78.53 M (USD)202as on Dec 31, 2021
- EBITDA$1.13 M (USD)-84as on Dec 31, 2021
- InvestorsBlock.one
& 1 more
- Investments & Acquisitions
Products & Services of Silvergate
Silvergate offers a comprehensive portfolio of products and services, including Banking Services.
Banking services were provided to various customers.
Funding Insights of Silvergate
- Total Rounds 1
- Investors Count 2
All 1 funding rounds of Silvergate with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | – | Post-IPO | – | – |
2 investors in total: 1 institutional and 1 angel.
Investors in Silvergate
Silvergate has secured backing from 2 investors, including institutional and angel investors. Prominent investors backing the company include Block.one and Brendan Blumer.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain focused investment firm | 2016 | b1.com | George Town, Cayman Islands | |
BB Brendan Blumer | - | – | unknown_dbc00d15b0a345e4b | - |
Investor details for Silvergate
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People of Silvergate
1 people are tracked at Silvergate (1 in leadership).
| Name | Role | Group |
|---|---|---|
Alan Lane | CEO | Leadership |
Complete people profiles for Silvergate
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Investments & Acquisitions by Silvergate
Silvergate has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Diem Association.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Blockchain platforms for application development and payments are provided. | diem.com | Geneva, Switzerland | 1997 | Jan 2022 | $200M |
Complete acquisition details for Silvergate
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- Exports
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Timeline of Silvergate
4 dated milestones of Silvergate across 34 years, from founding to its latest funding, stage changes and deals.
- Founded Silvergate is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Diem Association.
- Funding First funding round.
Competitors of Silvergate
Silvergate has 11 listed competitors in our database, 3 of them funded. They include Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | – | 55,480 | Wealth advisory and banking services are offered to clients. | |
| firstrepublic.com | 1985 | San Francisco, United States | – | 7,065 | Commercial bank | |
| equitybank.com | 2002 | Wichita, United States | $89.7M | – | Commercial banking services are provided to businesses and individuals. | |
| investec.com | 1974 | London, United Kingdom | – | 9,444 | Global banking, investment, and wealth management services are offered worldwide. | |
| unicreditgroup.eu | 1998 | Milan, Italy | – | 88,640 | Commercial bank | |
| zeta.tech | 2015 | San Ramon, United States | $390M | 1,278 | Payment and banking solutions are provided to users and banks. | |
| amp.com.au | 1849 | Sydney, Australia | – | 5,600 | Commercial banking and wealth management services are offered globally. | |
| key.com | 1849 | Cleveland, United States | – | 17,333 | Regional bank | |
| citigroup.com | 1812 | New York, United States | – | 500 | Diversified financial services are offered through commercial banking operations. | |
| citigroup.com | 1812 | New York, United States | – | 500 | Diversified financial services are offered through commercial banking operations. |
Detailed competitors of Silvergate
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- Full competitor set
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Web traffic of Silvergate
The website of Silvergate (silvergate.com) receives about 3.7K visits a month.
- Monthly visits3.7K
▲ 16.3% vs previous month
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as Silvergate (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Related news about Silvergate
Complete news archive for Silvergate
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Frequently Asked Questions about Silvergate
Silvergate was founded in 1988 and raised its 1st funding round 34 years after it was founded.
Silvergate is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Alan Lane is the current CEO of Silvergate.
Silvergate was involved in offering banking services to customers until its voluntary liquidation in March 2023. Operations were ceased after repaying all deposits by November 2023. The company, now known as Silvergate Liquidation Corporation, was focused on financial services within the banking sector. Settlements with regulatory bodies were reached to facilitate the surrender of its bank charter as part of an orderly wind down.
Silvergate offers Banking Services.
Silvergate has made 1 acquisition, including Diem Association.
Silvergate has 2 investors. Key investors include Block.one, and Brendan Blumer.
Silvergate operates through Silvergate Liquidation Corporation (Fka Silvergate Bank).