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Rippling’s Parker Conrad: “We raised $500m in one day to survive the SVB collapse”
The Times Tech Podcast
The Rise and Fall of the SVB Collapse
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Rippling is a company that makes payroll, HR, IT and finance software for small businesses. It used until recently Silicon Valley bank as the rails for all of our money movement in the United States. And so there were a bunch of transfers that we had initiated to go out to employees on Thursday evening for funds that our clients had sent us like on Monday. So long before there was any indication of any issues.
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