What is the relationship between Payoneer and Silicon Valley Bank (SVB)?
Payoneer and Silicon Valley Bank (SVB) are both financial institutions, but they operate differently. Payoneer is a financial services company that provides online money transfer, digital payment services and provides customers with working capital. On the other hand, Silicon Valley Bank (SVB) is a high-tech commercial bank specializing in providing various financial services to startups, growth-stage companies, venture capitalists, and private equity in the technology, life sciences, and other innovation sectors. While they may work together in some instances, they are separate entities each offering unique financial services.