Silverbird
Financials
Estimates*
USD | 2020 | 2021 | 2022 |
---|---|---|---|
Revenues | 2.1m | 2.9m | <1m |
% growth | - | 38 % | (89 %) |
Profit | - | (<1m) | (4.6m) |
% profit margin | - | (16 %) | (1421 %) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
N/A | £3.5m | Seed | |
£5.4m | Seed | ||
£6.5m | - | ||
Total Funding | $20.3m |
Recent News about Silverbird
EditSilverbird is a financial technology startup that provides a platform for international merchants to streamline their financial operations. The company's primary services include opening e-wallets, facilitating cross-border payments, and enabling currency conversions. This is particularly beneficial for businesses that operate in multiple countries and need to manage different currencies and international transactions efficiently.
The company's target market includes international merchants, non-resident directors, and UBOs. Silverbird operates in the global financial services sector, with a focus on international trade and finance. The business model is based on providing financial services to its clients, with revenue generated through transaction fees and other service-related charges.
Silverbird prides itself on its robust security measures, which include data encryption and custom controls to prevent fraud. The company also uses two-factor authentication to ensure that all actions on its banking platform are taken by authorized individuals. Despite not being a bank, Silverbird safeguards client funds with Tier-1 UK and EU banks, maintaining liquidity by keeping the money in these safeguarding banks.
The company is regulated by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011, which authorizes it to issue electronic money and provide payment services. However, it's important to note that the Financial Services Compensation Scheme (FSCS) does not apply to Silverbird.
In summary, Silverbird is a fintech company that provides secure and efficient financial services for international merchants, helping them navigate the complexities of global trade.
Keywords: Fintech, International Merchants, Cross-Border Payments, Currency Conversion, E-Wallets, Data Encryption, Two-Factor Authentication, Financial Services, Global Trade, Financial Conduct Authority.