HSBC Innovation Banking, a business division with services provided by HSBC Bank USA and its affiliates, expanded its venture debt offering in the U.S. to support companies from Series A through scaled multi-national enterprises. HSBC has been providing venture debt to later-stage companies since 2019.
In addition to the expanded venture debt offering, HSBC has developed banking packages tailored to meet the evolving needs of 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,” David Sabow, U.S. head of HSBC Innovation Banking, said. “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.”
Katherine Andersen, Melissa Stepanis, Sunita Patel, Peter Kidder, Jason Hughes, Prasant Chunduru and Kevin Longo will lead HSBC Innovation Banking’s venture debt offering in the U.S.
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