Top Silicon Valley Bank Alternatives

Consider this a “special edition” newsletter.

If you work in digital, by now you’ve probably heard the gut wrenching news that venerable Silicon Valley Bank (SVB) has collapsed.

This hits the MarTech community particularly hard. If you aren’t directly impacted, you likely know someone who is (or will soon). SVB was a key ecosystem player…

With this in mind, we just published a post on TheDigitalMerchant with our list of the top alternatives to SVB worth considering (ones I either have used or considered).

But what if you weren’t directly impacted by the SVB collapse? Good news AND it’s time to look at your bank stack.

1. Is your business mostly reliant on ONE bank?

2. Do you have balances in excess of $250k in any one bank account?

If the answer is yes to either of these questions, these are the top banks I’d recommend considering. At the very least, open a backup account somewhere.

1. Mercury Bank: My personal top pick, many of the same features as SVB (better IMO) + FIDC insured up to $1M.

2. Grasshopper Bank

3. Novo Bank

4. Relay Financial

5. Lili

6. Axos Bank

7. Capital.xyz

For the full list with my detailed Pros & Cons for each, check out this guide.

Stay safe & take care of your teams!

-Ewen