HSBC Launches Growth-at-Risk Financing for High-Growth Companies and Startups
NEW YORK–(COMMERCIAL THREAD) – The HSBC Group today announced the launch of HSBC Ventures, a new US-based company that will provide flexible capital to growth-oriented companies around the world, pursuing their goals of innovation and development. ‘expansion. Under this initiative, $ 100 million will be set aside for partners and customers who develop climate technology solutions and support a net zero global economy.
“As the world’s leading international bank for tech startups, HSBC’s Ventures naturally extends our global focus on technology finance by supporting fast-growing businesses with comprehensive banking products,” said Martin Richards, president of HSBC Ventures and Global Head of Sustainable Finance – Commercial Banking.
Venture Capital Growth Financing provides loans designed for early-stage and high-growth businesses with venture capital backing, which can help businesses extend their funding path until their next capital raise , to be more agile with investments or acquisitions, and to provide a safety net for unforeseen events. HSBC Ventures clients will be able to leverage all of the bank’s resources, which include an unprecedented international footprint, a comprehensive suite of commercial and investment banking products and decades of experience supporting early stage businesses. , growth, pre-IPO and public.
“We are excited to be a transformative partner for startups around the world that need funding to grow their operations, whether through sales, marketing, inventory or acquisitions,” said Prasant Chunduru, Global Head of Business Growth Finance.
HSBC Ventures seeks partnerships with innovative and market-leading startups who have strong venture capital support and seek to expand internationally.
Click here to learn more about HSBC Ventures.
Note to editors:
HSBC United States
HSBC Bank USA, National Association (HSBC Bank USA, NA) serves clients in the Retail and Wealth Management, Commercial Banking, Private Banking, World Bank and Markets segments. It operates bank branches in: California; Washington DC; Florida; Maryland; New Jersey; New York; Pennsylvania; Virginia; and Washington. HSBC Bank USA, NA is the principal subsidiary of HSBC USA Inc., a wholly owned subsidiary of HSBC North America Holdings Inc. In the United States, deposit products are offered by HSBC Bank USA, NA, Member FDIC, services Investment and brokerage services are provided by HSBC Securities (USA) Inc., (NYSE / FINRA / SIPC member) and insurance products are provided by HSBC Insurance Agency (USA) Inc.
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers around the world from offices in 64 countries and territories in its geographic regions: Europe, Asia, North America, Latin America, Middle East and North Africa. With assets of US $ 2,976 billion as of June 30, 2021, HSBC is one of the world’s largest banking and financial services organizations.