‘We are thrilled to have HSBC as our strategic partner. Throughout our discussions, we have been impressed by their strong capability and granular understanding of our business model, which is backed by their extensive experience in serving start-ups at different stages of their lifecycle,’ Alvin said. ‘HSBC’s extensive network and connectivity strength have also been invaluable to our business plan across geographies. In fact, the team has already connected us with their counterparts in the Middle East, which is a key region in our growth strategy.’
Thomas Elliott, Managing Director and Head of Client Coverage for HSBC Commercial Banking Hong Kong said, ‘HSBC is pleased to arrange the inaugural venture debt facility for OneDegree, a home-grown InsurTech in Hong Kong. This underscores our commitment to support the growth of local innovation economy companies as they shift from start-up to scale-up in Hong Kong and beyond. ‘
‘New economy companies are set to be the driving force of economic growth in the years to come. These enhanced capabilities further consolidate HSBC’s position supporting the emerging entrepreneurs of today that will shape the business world of tomorrow, and therein drive the future prosperity of our economy and society.’ Thomas added.
Looking ahead, OneDegree will continue on its mission to create long-term value for customers through pioneering insurance solutions and ongoing ventures in the digital asset arena. The company is well set to reimagine the traditional insurance industry, driving change one degree at a time.
Learn more about HSBC New Economy Fund
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