Zenvia says exposure to SVB totals less than $100,000

Zenvia (ZENV) provided commentary on its current banking relationship with US Banks, including Silicon Valley Bank (SIVB), in response to investor questions. Zenvia maintains its cash and short-term investments with a diverse group of large global financial institutions, with 92% of our cash and cash equivalents in Brazil, 4% in Mexico, 2% in Argentina and 2% in the US. Zenvia’s exposure to SVB totals less than $100,000, an amount that is FDIC-insured. "We do not anticipate a material impact to our financial condition or operations as a result of SVB’s transition into receivership by the FDIC," Zenvia said. "We have no credit facilities or other financial relationships with SVB."