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7h agoGlobal bank HSBC commits US$1.5 billion to Singapore startup-lending unit
HSBC has expanded its innovation - banking division in Singapore, pledging to allocate about US$1.5 billion to support startups and scale-ups as part of its global shift toward technology and innovation lending. The group’s commercial-bank innovation business, established in 2023, now operates in multiple regions including the U.S., U.K., India and Asia. HSBC said it aims to back cash-burning businesses with credit policies tailored to their needs in sectors like technology and healthcare, reflecting banks’ efforts to deepen ties with the venture-capital ecosystem and diversify revenue streams.
strategic
7h agoGlobal bank HSBC commits US$1.5 billion to Singapore startup-lending unit
HSBC has expanded its innovation - banking division in Singapore, pledging to allocate about US$1.5 billion to support startups and scale-ups as part of its global shift toward technology and innovation lending. The group’s commercial-bank innovation business, established in 2023, now operates in multiple regions including the U.S., U.K., India and Asia. HSBC said it aims to back cash-burning businesses with credit policies tailored to their needs in sectors like technology and healthcare, reflecting banks’ efforts to deepen ties with the venture-capital ecosystem and diversify revenue streams.
strategic
Global bank HSBC commits US$1.5 billion to Singapore startup-lending unit
about 7 hours ago
1 min read
87 words
HSBC allocates US$1.5 billion to its Singapore unit to lend to startups, reflecting banks’ move into venture debt and innovation finance.
HSBC has expanded its innovation - banking division in Singapore, pledging to allocate about US$1.5 billion to support startups and scale-ups as part of its global shift toward technology and innovation lending. The group’s commercial-bank innovation business, established in 2023, now operates in multiple regions including the U.S., U.K., India and Asia. HSBC said it aims to back cash-burning businesses with credit policies tailored to their needs in sectors like technology and healthcare, reflecting banks’ efforts to deepen ties with the venture-capital ecosystem and diversify revenue streams.
HSBC has expanded its innovation - banking division in Singapore, pledging to allocate about US$1.5 billion to support startups and scale-ups as part of its global shift toward technology and innovation lending. The group’s commercial-bank innovation business, established in 2023, now operates in multiple regions including the U.S., U.K., India and Asia. HSBC said it aims to back cash-burning businesses with credit policies tailored to their needs in sectors like technology and healthcare, reflecting banks’ efforts to deepen ties with the venture-capital ecosystem and diversify revenue streams.
Companies:
HSBC
Tags:
startups
global
startups
global
banking
innovation
finance
Oct 29, 2025 • 21:05 IST