The impact of Silicon Valley Bank’s (SVB) collapse may be limited in Southeast Asia, but venture capitalists and tech startups are not taking any chances.
Since Sunday evening, fintech startups like Endowus, Stashaway and Xendit have quickly fired email statements to customers, assuring them that their funds were safe and not held in SVB accounts. Quick explainers on SVB’s bank run were also provided, as well as a full disclosure of their banking partners.
