back Back

HSBC launches venture debt offering for early-stage startups in the US

By Delisha Fernandes

August 25, 2023

  • Banking
  • Fintech news
  • FinTech USA
Share

HSBC, venture debt, Banking, startups, investors, FinTech news, FinTech USAHSBC Innovation Banking has expanded its venture debt offering in the US to support companies from Series A through scaled multi-national enterprises.

While HSBC has been providing venture debt to later-stage innovation companies since 2019, this broader offering is aligned with the Innovation Banking strategy to work with companies at the earliest stages of their development.

In addition to the venture debt offering, HSBC has developed banking packages tailored to meet the evolving needs of innovation companies as they scale from startups to highly complex multi-national businesses.

“We are excited about the continued expansion of our suite of products and solutions designed to serve the innovation economy,” said David Sabow, US Head of HSBC Innovation Banking. “HSBC already works with some of the largest technology and healthcare companies in the world. Early-stage innovation companies with global ambitions no longer must change their banking partner as they build and scale.”

Venture debt is a more flexible form of capital for venture capital-backed, high-growth companies that want to extend their funding runway or accelerate their growth. As one of the leading international bank for innovation companies around the world, HSBC’s venture debt solution is a natural complement to its comprehensive suite of banking products.

HSBC Innovation Banking in the US includes a team of more than 40 dedicated bankers assembled across the Bay Area, Boston, and New York City. The proposition also has teams in the UK, Tel Aviv, and Hong Kong that deliver a globally connected, specialised banking expertise to support a broad range of innovation businesses and their investors.

Previous Article

August 25, 2023

Perfios relaunches new brand identity in the US, MENA, & SEA

Read More
Next Article

August 25, 2023

Global Card Networks & Alipay streamline mobile payments ahead of Asian Games

Read More






IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

Banking

Digital remittances surge as key lifeline amid global economic challenges, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 10, 2024

5 WealthTech platforms simplifying credit score tracking in India

Read More

June 07, 2024

MORS expands in UK & Netherlands with 2 new neobank clients

Read More

May 28, 2024

Commerzbank ties up with Infosys & Murex to upgrade trading ecosystem

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023