Square 1 Bank Announces Credit Facility to D3 Technology, Inc.
20 May 2015 - 1:00AM
Square 1 Bank, the premier banking partner to entrepreneurs and the
venture capital community, today announced that it has provided a
$4.25 million credit facility to new client D3 Technology, Inc., a
leader in Data Driven DigitalTM banking. Proceeds of the credit
facility will refinance existing shareholder notes.
D3 Technology provides financial institutions with a
single-platform solution for delivering consistent, personalized
user experiences via any digital device. The company's D3 Banking
technology has paved the way for financial institutions to innovate
digital financial services in a rapidly changing mobile world.
Currently more than 240 U.S. institutions use D3's Data Driven
DigitalTM banking products and solutions.
"Our partnership with Square 1 Bank, along with our recently
completed round of equity funding, puts us in an optimal position
to address the opportunity in the marketplace for our D3 Banking
solution that delivers an innovative, comprehensive set of digital
banking services to any digital access point," said Mark Vipond,
chief executive officer of D3 Technology. "We look forward to
working further with Square 1 as our business continues to
grow."
Ken Fugate, founder and managing director in Square 1 Bank's
Rocky Mountain region, added, "D3 is a leading innovator in digital
banking. Backed by Route 66 Ventures and led by a driven,
knowledgeable leadership team, the company is poised for growth.
Square 1 is excited to support their continued success and
commitment to streamlining the digital financial services user
experience."
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated
exclusively to serving the financial needs of the venture capital
community and entrepreneurs in all stages of growth and expansion.
Square 1's expertise, focus and strong capital base provide
flexible resources and unmatched support to meet our clients'
needs. Square 1 has offices coast-to-coast in Austin, the Bay Area,
Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New
York, San Diego, Seattle and Washington, DC. For more information,
visit www.square1bank.com.
About D3 Technology
D3 Banking reduces the cost and complexity of digital banking by
providing a comprehensive digital solution that can be accessed via
laptop, smartphone, or tablets. The company provides responsive web
design in a scalable transactional environment to deliver a
consistent user experience anytime, anywhere, on any device. Its
Data Driven Digitalâ„¢ banking leverages a powerful, proven analytics
engine that allows financial institutions to personalize their
product and service offerings for each unique customer. More than
240 institutions in the United States use products and solutions
from D3 Banking. Learn more about the company at
www.d3banking.com.
CONTACT: Media Contact:
Square 1 Bank
Dee McDougal
919.597.7479
dmcdougal@square1bank.com
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