Vouch Pledges Support for Silicon Valley Bank
Vouch joins peers like Brex to support SVB and reinforce the startup ecosystem's health and stability.
In an effort to ensure the ongoing health and stability of the startup ecosystem, Vouch announces its commitment to continue working with the Silicon Valley Bank team and support the newly created Silicon Valley Bridge Bank, N.A (SVBB NA). To demonstrate its confidence in the institution, Vouch has allocated a significant portion of its corporate funds to SVB, backed by the FDIC's full backstop.
In his remarks, Vouch Co-founder Travis Hedge highlighted the importance of a healthy SVB to the future of innovation, as the bank has supported the industry for over 40 years. "It is now our turn to stand by them," he said.
Vouch will continue to collaborate with SVB to provide business insurance and risk management services to SVB clients. Over the last three years, the partnership has enabled thousands of startups to access Vouch's exclusive insurance products, further strengthening the startup ecosystem's resilience.