Speaker from US says affected by collapse of Silicon Valley Bank

Business & Finance
14 Mar 2023 • 12:32 PM MYT
Daily Express
Daily Express

Daily Express Online (Malaysia) is Sabah's top-ranked & most viewed English news site. It is also Sabah's leading & most circulated daily English newspaper.

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Kota Kinabalu: Rekha Pai Kamath, a board member of the Silicon Valley Social Venture Fund, when asked by Daily Express admitted that her organisation is affected by the collapse of the Silicon Valley Bank (SVB) in the United States.

“Today, we learnt that the United States government will rescue the bank, so the question of how much we have lost is not relevant right now,” she said.

She has been a speaker for the US Department of State to several countries. She is also an investor, mentor, and advisor to several start-ups, currently focusing on social entrepreneurship, angel investing, incubating startups and mentorship in general.