HSBC Australia has today announced the introduction of Venture Debt to the Australian market.
From November, late stage venture capital-backed companies will be able to access HSBC’s Venture Debt offering, a more flexible form of capital designed to help scaleup companies accelerate their growth.
Additionally, clients will have access to a specialised banking service designed to meet the specific needs of innovative companies, including access to a range of APIs and digital payment solutions, the award-winning HSBCnet digital platform, and digital onboarding.
Alan Watters, Tech Sector Lead, Australia and New Zealand at HSBC said: “As the leading international bank for innovative companies around the world, we’re excited to strengthen our support for Australia and New Zealand’s ecosystem of innovation and help fast-growing scaleup companies in technology and new economy sectors to expand.
“With the introduction of our Venture Debt solution, we are able to increase the specialised support we provide to innovative companies who need flexible, long-term, and trusted banking relationships to help them reach their next milestone or capitalise on opportunities as they arise.”
Globally HSBC works to support innovative companies to grow quicker, easier, and more efficiently, combining decades of experience banking scaleups with a global focus on technology coverage and an international footprint, including capabilities in 62 countries.
HSBC Australia
In Australia, the HSBC Group offers an extensive range of financial services through a network of 33 branches and offices. These services include retail and commercial banking, trade finance, treasury and financial markets, payments and cash management and securities custody. Principal HSBC Group members operating in Australia include HSBC Bank Australia Limited (ABN 48 006 434 162 AFSL/Australian Credit Licence 232595) and The Hongkong and Shanghai Banking Corporation Limited (ABN 65 117 925 970 and AFSL 301737).
HSBC Holdings plc
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$3,021bn at 30 September 2023, HSBC is one of the world’s largest banking and financial services organisations.
Jessica Effeney
M: +61 400 998 373
E-mail: jessica.effeney@hsbc.com.au
