Fintech startup Brex was among the bidders for SVB's early-stage and growth portfolios

TL;DR

SVB meltdown, the FDIC was not going to accept any bids from entities other than banks. The concept is catching on: In the past year, the company increased its revenue five times, and raised $11 million in Series A capital, led by Stage 2 Capital and Jump Capital, with participation from existing investor CRV. Dave, a neobank, reported that it narrowed its loss, posting a net loss of $14 million on revenue of $58

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