While Silvergate said this month it has "a resilient balance sheet and ample liquidity," and analysts call its financials sound, the bank is today contending with a question as difficult as the one that led it to crypto in the first place: whether the experiment was worth it.
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Chris Donovan/The Globe and Mail
Georgian Partners became Canada’s biggest venture capital firm by investing in companies selling digital automation and artificial-intelligence-driven products. Now it’s trying to become one of those companies itself.
The Toronto financier, which invests in many financial technology companies, or “fintech” enterprises, has dropped the word ‘Partners’ from its brand name and now publicly refers to itself as a fintech and a software company. It’s an unusual move in the private capital world and reflects the fact that Georgian, unlike its peers, builds its own AI and machine learning-driven software, which it gives to companies it backs – and future prospects – to hel