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HSBC collaborates with Nepfin to expand lending for mid-sized firms

Albert Periu, NepFin CEO and Co-founder

HSBC US Commercial Banking has announced its collaboration with Neptune Financial(NepFin) aiming to cater to the capital needs of middle market businesses in the United States. This partnership will facilitate NepFin’s clients to tap HSBC’s commercial services.

“This partnership will enable HSBC to extend its global capabilities and international network to benefit more US businesses,” said EJ Achtner, Head of Digital Banking at HSBC US Commercial Banking. “We’re excited to leverage NepFin’s platform to help more middle market businesses efficiently source capital.”

“HSBC has a long and impressive history serving all types of businesses throughout the world,” said NepFin CEO and Co-founder Albert Periu. “We look forward to combining their expertise, particularly in the middle market, with our digital platforms so that we can better serve the needs of this important segment.”

Recently, HSBC announced its plan to launch a Digital Partner Platform which, according to the bank, is designed to improve client experience for corporate customers.

Providing growth capital of around to mid-sized businesses, NepFin has commented that it plans to strengthen its digital proposition through the partnership.

Founded in 2016 and headquartered in San Fransisco, NepFin is a commercial lending platform providing capital solutions and financial intelligence tools to fuel the growth of mid-sized businesses across the United States.

HSBC Commercial Banking provides working capital, term loans, trade finance or payments and cash management solutions to small enterprises focused primarily on their home markets through to corporates operating across borders.

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