Fintech platform Recur Club on Sunday said it has allocated $15 million in financing within 48 hours, to fund payroll and immediate short-term expenses without diluting equity to all Indian startup founders affected by the Silicon Valley Bank (SVB) collapse. To further bolster and support the ecosystem, Recur Club will not charge any platform fees.
Fintech platform Recur Club on Sunday said it has allocated $15 million in financing within 48 hours, to fund payroll and immediate short-term expenses without diluting equity to all Indian startup founders affected by the Silicon Valley Bank (SVB) collapse.To further bolster and support the ecosystem, Recur Club will not charge any platform fees. »This incident tells us about the criticality of diversification, be it customers, banking, or investors in a business. Recur Club has received interest from more than 100 startups regarding immediate Payroll financing and managing short-term expenses, » said Eklavya Gupta co-founder, Recur Club.
