HSBC to Offer its Financial Toolkit for Antler’s Portfolio Companiesby Fintech News Singapore November 15, 2023
HSBC has joined forces with early stage investor Antler to support the growth of Southeast Asian companies and entrepreneurs based in Singapore. The announcement was made at the Singapore Fintech Festival 2023.
This collaboration will provide startups and founders that are part of Antler’s network with access to financial expertise and banking solutions, including preferred business banking accounts, venture debt, and working capital facilities, designed to support their needs and enable their growth and future expansion.
All of Antler’s existing Singapore-based portfolio companies and founders will have access to HSBC’s products and services.
Entrepreneurs will also have access to significant internationalisation benefits as they scale beyond Singapore by utilising HSBC’s global reach and local expertise in Southeast Asia and beyond.
Jo Miyake, Chief Commercial Officer, Commercial Banking, HSBC said,
“Singapore boasts a flourishing startup ecosystem with some of the most innovative founders in the region and incubator partnerships are an important part of HSBC’s strategy to strengthen our support to the new economy.
With Antler’s specific focus on investing in ‘day zero’ founders who are at the very beginning of their startup journey, this partnership was a natural extension of our and our long-standing heritage and commitment to supporting the upcoming generation of entrepreneurs.”
Deepak Jayaraman, Antler’s Global Head of Business Development, said,
“HSBC’s commitment to innovation and entrepreneurship closely mirrors Antler’s mission to support exceptional founders who are building great technology startups that solve real problems.
Our collaboration with HSBC will provide our portfolio companies access to a strong international network of capital experts across the bank and a range of financing options to propel their growth. We are excited to work together with HSBC as our preferred banking partner to broaden our ability to support our Singapore-based startups”.