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More competition in the venture debt space as banks enter the arena

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Benjamin Cher

Benjamin Cher

Published Mon, Dec 25, 2023 · 05:00 AM
    • Venture debt is now seeing banks enter the fray, as they look to bring in and build customer relationships with startups early on.
    • Venture debt is now seeing banks enter the fray, as they look to bring in and build customer relationships with startups early on. PHOTO: REUTERS

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    VENTURE debt in South-east Asia got a boost recently with a tie-up between early stage incubator and investor Antler and HSBC.

    The tie-up brings access to HSBC’s venture debt offering, among other banking services, to Antler’s portfolio companies.

    “This collaboration is a natural extension of our long-standing heritage of supporting entrepreneurs and scaling businesses,” said Amanda Murphy, head of commercial banking, South and South-east Asia, HSBC.

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    Venture capitalHSBCOCBC

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