On November 21, 2019, TickTrade Systems Inc., the Toronto-based technology firm providing next generation foreign exchange trading and payments solutions for financial institutions, announced a new investment by and relationship with SVB Financial Group, the parent company of Silicon Valley Bank
TickTrade is a provider of next-generation, end-to-end FX trading and payments solutions. The company offers its clients a highly differentiated user experience including real time analytics and behavioral insights. The company currently operates in North America, Europe, and Asia, and is focused on serving its expanding global client base.
Headquartered in Santa Clara, California, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries offer commercial, investment and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries.
Gowling WLG was counsel to TickTrade with respect to this transaction with a team that included Nurhan Aycan and Stephen Franchetto (corporate) and Alan James (technology), assisted by student-at-law Howard Xin.