HSBC setting up $1 billion growth fund to scale up digital platform businesses in Southeast Asia
The Star Online - Tech·2024-03-27 14:00
SINGAPORE (Reuters) -HSBC on Wednesday said it is setting up a $1 billion growth fund called ASEAN Growth Fund that provides lending to companies that are scaling up via digital platforms across Southeast Asia.
The London-headquartered bank is tapping into Southeast Asia's digital economy, which it said is among the world's fastest growing, expecting it to hit $600 billion in value by the end of the decade from $218 billion last year.
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