HSBC Malaysia launches RM500mil startup fund


HSBC's Karel Doshi said the fund was looking to support startups as they move from one stage to the next.

KUALA LUMPUR: HSBC Malaysia has launched a first-of-its kind fund that will focus on developing tech-led startups and emerging businesses in the country.

The “HSBC New Economy Fund” is worth RM500mil and will be made available to startups that have reached a Series B stage and have shown demonstrable growth, measured through the quarters, and want to continue tapping into the digital economy.

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