SÃO PAULO, March 13,
2023 /PRNewswire/ -- Zenvia Inc. (NASDAQ: ZENV), the
leading cloud-based CX platform in Latin
America empowering companies to transform their customer
journeys, today provided commentary on its current banking
relationship with US Banks, including Silicon Valley Bank (SVB), 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 thousand (~BRL500
thousand), 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. We have no credit facilities or other financial relationships
We will continue to monitor the situation and any impact on
Zenvia, our customers, partners, and suppliers.
Media Relations – Grayling
Lucia Domville – (646)
824-2856 – email@example.com
Fabiane Goldstein –
(954) 625-4793 –
With operations throughout Latin
America and nearly 14,000 clients, ZENVIA is driven by the
purpose of empowering companies to create unique experiences for
end-consumers through its unified CX SaaS end-to-end platform.
ZENVIA empowers companies to transform their existing customer
experience from non-scalable, physical and impersonal interactions
into highly scalable, digital-first and hyper-contextualized
experiences across the customer journey. ZENVIA's platform provides
a combination of (i) SaaS focused on campaigns, sales teams,
customer service and engagement, (ii) tools, such as software
application programming interfaces, or APIs, chatbots, single
customer views, journey designers, documents composer and
authentication, and (iii) channels, such as SMS, Voice, WhatsApp,
Instagram and Webchat. Its comprehensive platform assists customers
across multiple use cases, including marketing campaigns, customer
acquisition, customer onboarding, warnings, customer services,
fraud control, cross-selling and customer retention, among others.
ZENVIA's shares are traded on Nasdaq, under the ticker ZENV.
This press release is based solely on currently available
information, which is subject to change. These preliminary
operating results constitute forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
made as of the date they were first issued and were based on
current expectations, estimates, forecasts, and projections, as
well as the beliefs and assumptions of management. Words such as
"expect," "anticipate," "should," "believe," "hope," "target,"
"project," "goals," "estimate," "potential," "predict," "may,"
"will," "might," "could," "intend," variations of these terms or
the negative of these terms and similar expressions are intended to
identify these statements. Forward-looking statements are subject
to a number of risks and uncertainties, many of which involve
factors or circumstances that are beyond Zenvia's control. Zenvia's
actual results could differ materially from those stated or implied
in forward-looking statements due to several factors, including but
not limited to: our ability to innovate and respond to
technological advances, changing market needs and customer demands,
our ability to successfully acquire new businesses as customers,
acquire customers in new industry verticals and appropriately
manage international expansion, substantial and increasing
competition in our market, compliance with applicable regulatory
and legislative developments and regulations, the dependence of our
business on our relationship with certain service providers, among
SOURCE Zenvia Inc.