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HSBC launches HSBC Innovation Banking with US$1.5 billion of funding for high-growth companies

The Edge Singapore
The Edge Singapore  • 2 min read
HSBC launches HSBC Innovation Banking with US$1.5 billion of funding for high-growth companies
David Sabow of HSBC with at robot at SWITCH Photo credit HSBC
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HSBC launched HSBC Innovation Banking in Singapore on Oct 29. The unit is dedicated to supporting the innovation and venture ecosystem in Singapore and across the region.

As part of the launch, HSBC will allocate US$1.5 billion as a dedicated pool to provide high-growth innovation companies with unique financing solutions to scale their business.

Launched at the Singapore Week of Innovation and Technology (SWITCH), HSBC Innovation Banking will offer Singapore-based venture-backed businesses and the investors that support them, access to enhanced sector expertise, specialised products, tailored financial solutions, and new opportunities through HSBC’s global network.

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