Expansion of Venture Debt Offering
HSBC’s Innovation Banking unit, formed after its acquisition of Silicon Valley Bank UK, is expanding its venture debt offering. Since the SVB acquisition, the bank has been building out its plans in the space through a 40-strong team in the US alongside its UK-based business. The goal is to now support companies at later growth stages, from Series A through to scaled multi-national enterprises.
Leadership in the US
In the US, HSBC’s Innovation Banking’s venture debt offering is led by Katherine Andersen, Melissa Stepanis, Sunita Patel, Peter Kidder, Jason Hughes, Prasant Chunduru, and Kevin Longo. This team is excited about the continued expansion of the suite of products and solutions designed to serve the innovation economy.
Global Ambitions Supported
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.