Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

HSBC U.S. Innovation Banking Expands Venture Debt Offering

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

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MillValley.com & California Media Partners, LLC. All rights reserved.