Achieve Secures $50 Million Warehouse Facility from Silicon Valley Bank

SVB’s leading fintech practice provides home equity lending warehouse facility to Achieve

SAN FRANCISCO June 28, 2023 Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced that it has provided a $50 million warehouse facility to Achieve, the leader in digital personal finance. Achieve provides personal loans to help with debt and cash flow, home equity lines of credit, as well as financial tools and education and has helped more than 1.5 million members resolve or consolidate over $17 billion in debt.

Provided by SVB’s national fintech practice, the financing facility will support Achieve’s HELOC program which is designed to help homeowners with unsecured debt manage high interest rates by using a portion of their home’s available equity to consolidate their debt, lower their payments, and free up more available cash flow. Since Achieve Home Loans launched in 2019, HELOC borrowers have saved an average of almost $10,000 per year compared to their previous unsecured debt payments.

“Consumers are looking for options to help manage the impacts of high interest rates and inflation while tapping into their existing home equity,” said Achieve Chief Financial Officer Ralph L. Leung. “Through our continued strong relationship with SVB, we look forward to being able to serve more everyday people with our differentiated HELOC program.”

“Achieve is a national leader in providing innovative products and tailored solutions to help consumers reduce debt, improve cash flow, save money, and ultimately, reach a better financial future,” said Brian Foley, Head of Warehouse and FinTech Relationship Management. “SVB is proud to continue our longstanding relationship with Achieve and provide them with the financial products and advice they need to grow their business and help more consumers.”

As the leader in serving the fintech industry, SVB provides fintech clients with specialized banking services, specialty financing and payment solutions including venture debt, warehouse lending, payment processing, and APIs.

About Silicon Valley Bank
Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world’s most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB’s parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at

About Achieve
Achieve is the leader in digital personal finance. Our solutions help everyday people get on, and stay on, the path to a better financial future, with innovative technology and personalized support. By leveraging proprietary data and analytics, our solutions are tailored for each step of a consumer’s financial journey and include personal loans, home equity loans and help with debt. In addition, Achieve also provides financial tips and education, including a free specialized mobile app, MoLO (Money Left Over). Headquartered in San Mateo, California, Achieve has nearly 3,000 dedicated teammates across the country with hubs in California, Arizona, Texas and Florida. Achieve is frequently recognized as a Best Place to Work.

Achieve and its affiliates are subsidiaries of Freedom Financial Network Funding, LLC, including, LLC d/b/a (NMLS ID #138464) Equal Housing Lender; Freedom Financial Asset Management, LLC d/b/a Achieve Personal Loans (NMLS ID #227977); Freedom Resolution (NMLS ID #1248929); and Lendage, LLC d/b/a Achieve Loans (NMLS ID #1810501), Equal Housing Lender.

Media Contacts
Silicon Valley Bank
Katie Ellis-Fredlund
Director, Corporate Communications

Erica Bigley
Vice President, Corporate Communications

Austin Kilgore
Director, Corporate Communications