DENVER, May 19, 2015 (GLOBE NEWSWIRE) -- 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 Digital™ 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.