Last week, Winnie lost access to its primary bank account when the FDIC closed Silicon Valley Bank (SVB). During the three day period we were frozen out of our bank account, we had to take a number of measures to ensure our website and service remained up and running for the millions of parents and child care providers who rely on Winnie. We also worked hard behind the scenes to ensure our own employees got paid on time. You can read a bit more about Winnie’s story here:
After access to our bank account was restored and we were able to safely access our funds once again, we shared some more about the stressful situation on Fox Business https://video.foxbusiness.com/v/6322559611112#sp=show-clips
And in the press here:
Going forward, we’re building in much more redundancy to our banking setup at Winnie. While this ultimately had no impact on users or customers, it was too close a call. To our users, customers, investors, and friends: thank you for all your help and support during this time. Now back to our mission of providing child care and education for all.
