HSBC increases its scale-up lending for technology by EUR 100 million

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In response to the increasing demand from high-growth tech scale-ups, HSBC UK has announced the expansion of its “Growth Lending” fund from EUR 250 million to EUR 350 million.

The fund was established a year ago in response to the UK government’s request for more funding for the industry. Scale-ups need a clear path to profitability, a strong equity backing, and a track record of sales in order to be eligible for funding. Additionally, funding of up to EUR 15 million is available to support their goals for early-stage growth.

To assist companies in achieving their global goals earlier in their journey, HSBC will offer international expertise in addition to funding.

Read More: HSBC expands technology scale-up lending by £100 million

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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