UK payments firm Wise says it has 'minimal exposure' to SVB

UK payments firm Wise says it has 'minimal exposure' to SVB

• By Staff Writer

UK-based payments firm Wise said it has "minimal exposure" to the Silicon Valley Bank. It held a small cash balance in a corporate account with the bank. "We have minimal exposure to SVB via a credit facility they are part of together with six other major banks, and a small cash balance in an operational corporate account," the firm said.