HSBC announced that HSBC Innovation Banking, a business division with services provided by HSBC Bank USA and its affiliates, has expanded its venture debt offering in the U.S. to support companies from Series A through scaled multi-national enterprises.

While HSBC has been providing venture debt to later-stage innovation companies since 2019, this broader offering is aligned with the Innovation Banking strategy to work with companies at the earliest stages of their development. In addition to the venture debt offering, HSBC has developed banking packages tailored to meet the evolving needs of innovation companies as they scale from startups to highly complex multi-national businesses.

“We are excited about the continued expansion of our suite of products and solutions designed to serve the innovation economy,” said David Sabow, U.S. Head of HSBC Innovation Banking. “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.”

HSBC Innovation Banking’s venture debt offering in the U.S. will be led by industry veterans Katherine Andersen, Melissa Stepanis, Sunita Patel, Peter Kidder, Jason Hughes, Prasant Chunduru, and Kevin Longo.