HSBC U.S. Innovation Banking Expands Venture Debt Offering
24 Agosto 2023 - 11:00AM
Business Wire
HSBC announced today that HSBC Innovation Banking, a business
division with services provided by HSBC Bank USA, N.A. and its
affiliates, has expanded its venture debt offering in the U.S. 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, U.S. 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 have to change their banking partner as
they build and scale.”
HSBC Innovation Banking’s venture debt offering in the U.S. will
be led by industry veterans Katherine Andersen, Melissa Stepanis,
Sunita Patel, Peter Kidder, Jason Hughes, Prasant Chunduru, and
Kevin Longo.
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 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 U.S. 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, specialized banking
expertise to support a broad range of innovation businesses and
their investors.
Learn more about HSBC Innovation Banking.
About HSBC
HSBC Holdings plc, the parent company of HSBC, is
headquartered in London. HSBC serves customers worldwide from
offices in 62 countries and territories. With assets of US$3,041bn
at 30 June 2023, HSBC is one of the world’s largest banking and
financial services organizations.
HSBC Bank USA, National Association (HSBC Bank USA, N.A.)
serves customers through Wealth and Personal Banking, Commercial
Banking, Private Banking, Global Banking, and Markets and
Securities Services. Deposit products are offered by HSBC Bank USA,
N.A., Member FDIC. It operates Wealth Centers in: California;
Washington, D.C.; Florida; New Jersey; New York; Virginia; and
Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC
USA Inc., a wholly-owned subsidiary of HSBC North America Holdings
Inc.
For more information, visit: HSBC in the USA
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version on businesswire.com: https://www.businesswire.com/news/home/20230824276162/en/
Media enquiries to: Matt Kozar Vice President, External
Communications Matt.Kozar@us.hsbc.com
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