HSBC Bank Uniquely Positioned in the Tech Industry

After the launch of its venture-debt initiative, HSBC is uniquely positioned as a banking partner that supports emerging technologies businesses.

International bank, HSBC, realizes that whether it is a start-up or a fast-growing business, a banking partner that understands the complexities of the technology industry is of the utmost importance. Prior to, during and after the COVID-19 pandemic, HSBC has developed the solutions and services needed to achieve their client’s ambitions. A global bank with a physical presence in over 60 markets, HSBC is uniquely positioned to help companies with ambitious development and adapt alongside as industry trends continue to evolve.

With the launch of its venture-debt initiative in June 2019, the bank has already committed to lending more than $125 million to high-growth companies in three initial deals. This is part of the bank’s push to build long-lasting relations with customers worldwide, especially in the technology industry. HSBC offers boots-on-the-ground assistance and expertise around the world, with units working in time zones around the clock. Its nearly 160 years of experience means familiarity with companies large and small in every industry. The bank provides the gamut of services, from cash management to loans, foreign exchange, credit lines and introductions to venture-capital groups and other partners.

Based on its size, HSBC also represents an important buyer and investor in technology too. Buying technology solutions for its over 200,000 employees worldwide, focusing on trends in artificial intelligence, cloud computing and cybersecurity.

“HSBC is doing something unique in the technology space — we are deploying the capabilities and market reach of our 2.7 trillion-dollar platform, to support earlier stage, emerging technology businesses. When it comes to start ups, we will open doors across IT and innovation ecosystems, corporate VC, commercial and investment banking, all of which are quite often highly relevant to entrepreneurs and their investors. No other global bank is truly set up to do what we do.” — Geoff Headington, Managing Director, Head of Global Venture Capital Coverage Group, HSBC

To build off these initiatives, the bank has also voiced the importance of teaming up with eMerge Americas in the effort to transform Miami into the tech hub of the Americas, Milagros Resto, Director, Florida Market Executive, HSBC states, “our expertise and international connectivity is also available to Florida’s corporations and tech startups. Partnering with eMerge was a great opportunity to strengthen our ties with the local tech community and to share our story, successes and lessons-learned in the US and across the world.”