SVB saga: Recur Club allocates $15 million to fund payroll for affected Indian startups

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.

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