{"id":547101,"date":"2022-06-08T04:21:08","date_gmt":"2022-06-08T04:21:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/hsbc-launches-loans-for-tech-entrepreneurs-looking-to-scale\/"},"modified":"2022-06-08T04:21:08","modified_gmt":"2022-06-08T04:21:08","slug":"hsbc-launches-loans-for-tech-entrepreneurs-looking-to-scale","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/hsbc-launches-loans-for-tech-entrepreneurs-looking-to-scale\/","title":{"rendered":"HSBC launches loans for tech entrepreneurs looking to scale"},"content":{"rendered":"

HSBC Egypt will lend EGP 1 bn to tech startups: <\/strong>HSBC Egypt is launching a EGP 1 bn loans program that will provide funding to tech entrepreneurs looking to scale their businesses, the bank announced in a statement (pdf)<\/a> yesterday.<\/p>\n

Who is eligible?<\/strong> The Technology Entrepreneurs Lending Program will target companies working in fintech, e-commerce, retail and mobility, health, education and software. Priority will go to those that integrate sustainable development in their business mission, in a nod to the upcoming COP27 conference, the bank said.<\/p>\n

What they said:<\/strong> \u201cThe exponential growth of venture capital funding in this market reflects the quality of local talent and the scale of the opportunity, which is why we have developed a dedicated lending initiative for technology entrepreneurs,\u201d said Deputy Chairman and CEO Todd Wilcox<\/a>. <\/strong>We sat down for <\/strong>coffee with Wilcox<\/a><\/strong> last week,<\/strong> when he shared his views on Egypt\u2019s fintech scene, ESG, and the economic problems triggered by the war in Ukraine.<\/p>\n

This is HSBC\u2019s third SME-focused growth initiative in six months. <\/strong>Last month, the bank announced it will lend USD 1 bn to female-led startups in Egypt and 10 other markets over the next year via a Female Entrepreneur Fund<\/a>. The bank also launched an EGP 3 bn fund to support SMEs in Egypt, dubbed the Foras Fund<\/a>, with a special focus on the industrial and service sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"

HSBC Egypt will lend EGP 1 bn to tech startups: HSBC Egypt is launching a EGP 1 bn loans program that will provide funding to tech entrepreneurs looking to scale their businesses, the bank announced in a statement (pdf) yesterday. Who is eligible? The Technology Entrepreneurs Lending Program will target companies working in fintech, e-commerce, […]<\/p>\n","protected":false},"author":1,"featured_media":547102,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[88,72,183,490,702,287,639],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam","tag-fintech","tag-hsbc","tag-planet-startup","tag-smes","tag-technology","wpautop","entry"],"acf":{"mongo_id":"c94efb2a-7f8b-49a6-9855-22c008ae8378","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/6\/197.jpg","photo_position":"above","related_issue":[547081],"teaser":"","voice_url":""},"yoast_head":"\nHSBC launches loans for tech entrepreneurs looking to scale - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/hsbc-launches-loans-for-tech-entrepreneurs-looking-to-scale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HSBC launches loans for tech entrepreneurs looking to scale\" \/>\n<meta property=\"og:description\" content=\"HSBC Egypt will lend EGP 1 bn to tech startups: HSBC Egypt is launching a EGP 1 bn loans program that will provide funding to tech entrepreneurs looking to scale their businesses, the bank announced in a statement (pdf) yesterday. Who is eligible? 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