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The ASX companies exposed to the SVB collapse

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Life360 and SiteMinder are among the ASX-listed companies that have previously disclosed that they banked with failed venture capital lender Silicon Valley Bank.

Whispir, EBR Systems, LayBuy Group, Straker Translations and Nightingale Intelligent Systems also have banking relationships, according to a report compiled by Ownership Matters.

Life360 confirmed in a statement on Monday that its exposure to the collapsed lender was expected to be up to $5.6 million, but it would have no significant disruption to the company’s operations.Among other companies, SiteMinder has a $20 million line of credit in place, “that appears to be undrawn,” Ownership Matters said, adding that it had contacted both companies seeking further detail about the exposure.

Xero referenced Silicon Valley Bank back in 2017 as one of several North American banking partnerships in addition to Capital One and Wells Fargo.

 

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