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Techstars Names HSBC Innovation Banking its Preferred Global Banking Partner to Support High-Growth Startups

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(NEW YORK)Techstars, the most active pre-seed investor in the world, today announced that HSBC Innovation Banking, the leading bank for the global innovation economy, will be its preferred banking partner for its global portfolio of startups. As part of this collaboration, Techstars portfolio companies will gain access to specialized HSBC products and services tailored to founders’ specific growth ambitions.

HSBC Innovation Banking is a specialized banking practice serving the innovation economy by leveraging deep-industry expertise, a client-first culture, and the strength and stability of HSBC’s global platform. The proposition has a team of dedicated bankers assembled around the world, including the US, UK, Israel, and Hong Kong. Teams support clients as they grow from early growth to large corporates by providing products and services that make expansion easier.

“HSBC’s commitment to fostering innovation and supporting high-growth startups aligns seamlessly with Techstars’ mission of supporting founders and their startups’ early-stage growth,” said Techstars Chief Accelerator Investment Officer Shirley Romig. “In the next year, Techstars will make over 750 new investments in early-stage startups through our accelerator programs. Our partnership with HSBC Innovation Banking will provide startups, alongside our current portfolio of over 4,000 companies, access to profound sector expertise and personalized financial solutions to help scale their businesses.”

“For more than 150 years, HSBC has been serving and supporting entrepreneurs, and our partnership with Techstars is natural extension of our mission,” said HSBC U.S. Innovation Banking Head David Sabow. “We have uniquely combined the stability and scale that comes from being one of the world’s largest banks, with the agility, client service and solutions of a specialist lender. We are excited to partner with Techstars globally to help early stage innovation companies realize their ambitions.”

As the largest and most active pre-seed investor in the world, Techstars invests in an unprecedented number of startups per year across nearly every tech-related vertical. In addition to running more than 50 accelerator programs in 30 cities across 14 countries, it provides founders lifelong support with ongoing resources and opportunities, as well as connections to an extensive network of entrepreneurs, investors, corporate partners and mentors. Entrepreneurs who are interested in applying for future programs are encouraged to learn more here.

HSBC Innovation Banking

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Media enquiries to:

Amalia Lytle
Director of Media Relations

Matt Kozar
Vice President, U.S. External Communications

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