Freshworks

On March 13, Indian SaaS company Freshworks said that compared with the company’s entire balance sheet, the current exposure to banks in Silicon Valley is the smallest; Work with corporate customers and suppliers who use Silicon Valley bank accounts to transfer these accounts to other banks; At present, most of the company’s cash and securities are not deposited in Silicon Valley banks. Freshworks said its exposure to Silicon Valley banks was very small Analysis based on this information:Freshworks, Indian SaaS Company, recently made remarks concerning its banking relationships with banks based in Silicon Valley. The company reported that it has minimal exposure to Silicon Valley banks compared to its entire balance sheet, indicating that the company does not rely on Silicon Valley banks for its banking needs. Freshworks also revealed that it is working with corporate customers and suppliers who have accounts with Silicon Valley banks to facilitate a move towards other banking options. At present, most of the company’s…