More competition in the venture debt space as banks enter the arena
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
Mirxes records US$58.7 million operating losses and US$24.2 million revenue in lead up to HK listing
Neuralink says implant had issues after first human surgery
Carsome hits first Ebitda positive quarter in Q1 2024
Square Peg to raise another US$550 million fund in the second half of 2024
Perfume subscription service I’vre closes, amid police probe on unfulfilled orders and refunds
Indonesia agritech startup Elevarm bags US$2.6 million in seed round led by Insignia