Wise secures £300m syndicated debt facility from Silicon Valley Bank UK
Silicon Valley Bank UK led the syndication with a hold level of £100m to support the company working capital needs.
London-based Wise provides borderless accounts, international money transfers, and debit cards for millions of global customers.
Wise has secured a £300m syndicated debt facility led by Silicon Valley Bank UK, with participation from six other unnamed banks. The new financing follows a previous £160m refinancing line arranged by the same lender in 2021.
The company will use the capital to support its ongoing growth and secure flexible access to working capital. Executives noted the funds will help scale operations and accelerate payments infrastructure globally.
Silicon Valley Bank UK acted as the lead arranger with a hold level of £100m through its corporate finance team, building on a long-term banking relationship with the fintech unicorn.
From the founder
"Our mission is to create money without borders – instant, convenient, transparent and eventually free. The new facility led by Silicon Valley Bank UK will offer us flexible and efficient access to working capital. This means we can continue bringing our service to as many as possible and we can keep investing in making our payments faster, cheaper and more efficient for our millions of customers around the world."
Matt Briers
Chief Financial Officer at Wise
Investor perspective
"We are delighted to build on our relationship with Wise by leading and arranging this significant facility to enable the company’s next phase of growth. This financing continues our long-term relationship with Wise following the pre-IPO syndicated facility last year."
Thomas Easterby
Managing Director of Corporate Finance, Silicon Valley Bank UK
Use of funds
- 01Scale operations