To our valued clients and partners:
Regarding the closures of Silicon Valley Bank (SVB) and Signature Bank (SBNY): Virtual Incentives has NOT been impacted. This includes our funds and cards, which remain available, accessible, and not at risk from or impacted by these events.
Fortunately, VI has never needed or accessed external capital to fund our business. Therefore, our exposure to the broader market impact of the failure of SVB is limited.
We are here to support you and to help you grow your business. If you have questions or if we can do anything to assist you, please reach out to us at any time.
Best Regards,
James Gary
Co-Founder and CEO of Virtual Incentives