Karel says HSBC’s extensive knowledge of Asia positions it to facilitate global connections between startups.HSBC Malaysia has launched the RM500 million HSBC New Economy Fund for high-growth, new economy businesses across Malaysia aimed at supporting the country’s digital economy.
The fund will primarily support lending to tech-led businesses and emerging startups from Series B stage and beyond, as they explore opportunities within Malaysia’s growing digital economy. She added that beyond the incentives provided by the Malaysian government, it is crucial to connect startups to other parts of the world and bring other parts of the world to them. HSBC’s extensive knowledge of Asia, gained over 150 years, positions it to facilitate this global connection.
These initiatives are testament to the commitment to bolster the development of startups in the country and place an emphasis on making Malaysia a digitally vibrant nation.