BFS Expands SME Funding with HSBC UK Backing

By Milan Rojan

Bibby Financial Services (BFS) has secured a $292 million funding facility from HSBC UK to expand financing support for small and medium-sized enterprises (SMEs) across Europe and Asia.

Theo Chatha, Chief Financial Officer at Bibby Financial Services, said: “Alongside global tensions and persistent inflation, access to flexible working capital remains a key challenge for businesses across Europe and in Asia. We are delighted to extend our partnership with HSBC, which provides us with significant capacity to ensure SMEs can access the funding they need to compete and grow.”

The agreement has extended an existing partnership between the two organisations, providing back-to-back receivables financing to strengthen BFS’s lending capacity. As part of the deal, BFS has maintained more than $1.3 billion in available funding capacity to support SMEs seeking working capital and growth opportunities across international markets.

In addition to the funding facility, BFS has gained access to HSBC’s Global Trade Solutions team, which comprises more than 150 working capital specialists operating across 50 countries and territories. The collaboration is expected to enhance support for businesses engaged in cross-border trade and international expansion.

Bruce Richards, Head of Strategic Transactions, Global Trade Solutions at HSBC UK, added: “Bibby Financial Services play a crucial role in enabling SME growth across the world and we’re delighted to be continuing our relationship. The new pan-Eurasian facility provides back-to-back receivables financing across seven jurisdictions and will enable BFS to continue to grow its support for small and medium-sized businesses.”

Bibby Financial Services has supported SMEs for more than four decades through invoice finance, asset finance and foreign exchange solutions. The latest facility is expected to strengthen its ability to provide flexible funding to businesses navigating economic uncertainty while supporting international trade and expansion.