Agreement Express, an onboarding automation software for the financial services industry, has closed a US$1 Million revolving line of credit with Silicon Valley Bank.
The Vancouver-born company says the funds will be used to further grow its core onboarding platform and extensions ecosystem.
“As a high growth and maturing SaaS company, having Silicon Valley Bank as a financial partner reinforces our leadership position in automated onboarding for financial service companies,” said Brad Carlyle, Chief Financial Officer of Agreement Express. “The additional funds provided by Silicon Valley Bank will further support our rapid growth and expand our geographic reach into new markets.”
“Silicon Valley Bank is excited to partner with Agreement Express,” said Minh Le, Market Manager, Washington & Western Canada. “Agreement Express is solving a key business challenge in the financial services sector. We are pleased to help facilitate the growth of their business and to broaden our support of Canada’s innovation and entrepreneurial ecosystem.”
Agreement Express fully digitizes and automates the customer onboarding experience with responsive forms, custom workflows, and automated risk assessment.