On Friday, March 10, Silicon Valley Bank was shut down by regulators. This has an impact on a significant number of businesses, both large and small. While this unfortunate event impacts many businesses and their employees, we felt it important to inform you that there is no direct material effect on KoreConX.
In the weeks and months to come, we will see how the broader market may be affected. We will continue to monitor our clients/vendors to assess the impact of this shutdown and look to be of assistance where we can.
We do not bank with Silicon Valley Bank – SVB as we work with BMO/BMO Harris Bank. We want to assure our employees, clients, partners, shareholders, and fellow ecosystem partners that our company is not directly affected by the SVB shutdown.
During COVID-19, we all came together with our amazing ecosystem of KorePartners to help thousands of companies through difficult times.
We are here to provide you with any assistance you may need. Our ecosystem of partners is very strong and vast, including partners in the banking sector that are prepared to step in to assist.
Do not hesitate to reach out to me personally, as we are here to assist you.