Most Aussie, New Zealand tech firms confirm minimal exposure to SVB fallout

Most Aussie, New Zealand tech firms confirm minimal exposure to SVB fallout

FILE PHOTO: A man puts a sign on the door of the Silicon Valley Bank as an onlooker watches at the bank’s headquarters in Santa Clara, California, U.S. March 10, 2023. REUTERS/Nathan Frandino/File Photo

Australian and New Zealand tech firms said on Monday they did not have material exposure to Silicon Valley Bank following the failure of the US startup-focused lender SVB Financial Group last week, amid fears of a contagion in Asia.