Brazilian Startups, Founders Face Difficulties Recovering SVB Money
Startup founders received all their deposits from SVB on Monday and are starting to transfer to banks and fintechs. But there are exceptions. - Spencer Platt
Technology

Brazilian Startups, Founders Face Difficulties Recovering SVB Money

Transfers of the total amounts held in the US bank under FDIC receivership have been made only to companies with US accounts, sources say

Despite the release of funds from Silicon Valley Bank (SVB) for customers as of Monday, some Brazilian startup founders have not been able to transfer their money to their accounts in Brazil.

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