BankingBusinessFinTech

HSBC expands technology scale-up lending by £100 million

  • HSBC UK expands ‘Growth Lending’ fund from £250M to £350M due to increased demand from high-growth tech scale-ups.
  • Fund launched in response to the UK Government’s call for additional investment in the tech sector.
  • Scale-ups seeking funding need strong equity backing, a proven sales track record, and a clear path to profitability.
  • Up to £15M available for early-stage growth ambitions.
  • HSBC offers international expertise to support businesses in achieving global ambitions early in their journey.
  • In the first year, Growth Lending supported regional economies, with 50% of deals outside London.
  • Roland Emmans, head of UK tech sector at HSBC, emphasizes the commitment to enhancing the tech ecosystem in the UK.
Previous article
Evita joins with Layer2 Financial for high-value B2B cross-border payments
Next article
Microsoft Copilot gets a music creation feature via Suno integration
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

IG Group Considers Switching Listing from London to New York

The financial services firm explores a potential move to enhance visibility.Highlights: IG Group is weighing a move from...
FinTech

Huawei and Yowpay Launch Open Banking Smartwatch POS App

Innovative app combines open banking with smartwatch technology for payments.Highlights: Huawei partners with Yowpay to introduce a smartwatch...
FinTech

UK Banks Reject Opportunity to Lift £100 Contactless Limit

Major UK banks choose not to increase contactless payment thresholds.Highlights: UK banks will not raise the £100 contactless...
FinTech

Crypto.com Cuts 12% of Workforce Amid AI Shift

The company streamlines operations in response to evolving market dynamics.Highlights: Crypto.com reduces workforce by 12%Focus shifts to AI...