HSBC partners with NepFin on middle market business proposition
HSBC US Commercial Banking has announced that it has teamed up with Neptune Financial (NepFin) to better serve the capital needs of middle market businesses in the US.
Through the partnership, firms doing business with NepFin will now be able to tap HSBC for commercial banking services and its global network. This includes businesses with international needs that are based in markets where HSBC does not have a physical presence or in cities where there isn’t easy access to multi-national financial institutions that can serve companies of all sizes.
NepFin, a next-generation financial services company whose commercial lending platform provides growth capital to mid-sized businesses with revenue between US$10m and US$100m, uses machine learning and data science to identify demand for credit and lower costs. Partnering with HSBC will enable the firm to strengthen its digital proposition through analytics and insight.