A RESPONSE TO THE SILICON VALLEY BANK CLOSURE FROM EKOS CEO Earn extra rewards with Revolut Credit Cards

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Credit Cards are currently available to existing Revolut customers in Poland, Lithuania, USA, and Ireland. We’ll soon be expanding to even more countries, so stay tuned on our social media channels or follow our blog to hear where Credit Cards are headed next.

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By Josh McKinney

IT’S BEEN A STRESSFUL COUPLE OF DAYS AS THE SILICON VALLEY BANK CRISIS HAS UNFOLDED. WHILE THE SVB NAME HAS BECOME SYNONYMOUS WITH TECH, IT HAS ALSO BEEN A MAJOR LENDER TO THE WINE INDUSTRY FOR DECADES. AS THE CEO OF A TECH COMPANY THAT SERVES THE WINE INDUSTRY, I’VE BEEN HIT WITH NEWS FROM EVERY ANGLE.

Our winery customers are wondering if their assets are safe, and now they face the challenge of securing new loans from banks without SVB’s deep industry knowledge. Industry partners like Rob McMillan are reeling from the sudden collapse of their company, and we all face the potential loss of the gold-standard of industry benchmarking with the annual state of the industry report. And our software company peers are facing yet another blow to the already unstable tech industry.

In times of turmoil and uncertainty, my first instinct is to find a way to help. In the past few days, I’ve had conversations with industry peers about next steps for their company’s banking needs. Access to capital and making payroll are crucial in the near term. For the long term, it’s about finding the right financial partner that believes in your business and wants to grow alongside you — that is what so many had in SVB.

I’ve also been thinking specifically about what