5 March 2024

HSBC expands Venture Debt offering to New Zealand

Following HSBC’s successful launch to the Australian market in November 2023, Venture Debt has today been introduced to the New Zealand market.

Additionally, clients will have access to a suite of specialised banking services designed to meet the specific needs of innovative companies, including access to a range of APIs and digital payment solutions, the award-winning HSBCnet digital platform, and digital onboarding.

Alan Watters, Tech Sector Lead, Australia and New Zealand at HSBC said: “As the leading international bank for innovative companies around the world, we’re excited to strengthen our support for New Zealand’s ecosystem and help fast-growing tech companies to expand globally.

“With the introduction of our Venture Debt solution, we are able to increase the specialised support we provide to tech companies who need flexible, long-term, and trusted banking relationships to help them reach their next milestone or capitalise on opportunities as they arise.”

Steve Hughes, country head of commercial banking at HSBC Australia and New Zealand said: “As we continue grow our wholesale business in New Zealand, supporting the innovation ecosystem is an important part of this. Venture Debt is just another way clients can partner with HSBC to access our global network.”

Globally HSBC works to support innovative companies to grow quicker, easier, and more efficiently, combining decades of experience banking scaleups with a global focus on technology coverage and an international footprint, including capabilities in 62 countries.

HSBC Holdings plc

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of US$3,039bn at 31 December 2023, HSBC is one of the world’s largest banking and financial services organisations.

Media enquiries:

Jessica Effeney
E-mail: jessica.effeney@hsbc.com.au

Harrison Worley
E-mail: harrison.worley@hsbc.com.au