HSBC Singapore rolls out accelerator programme for SMEs

‘HSBC Pioneer’ runs for 12 months and operates on an invitation-only basis.

HSBC Singapore has launched an exclusive full suite of banking services and tailored solutions to select small and medium enterprises (SMEs), according to a statement. 

Operating on a per invitation basis, Pioneer is expected to provide tailored business solutions, flexibility, support and expertise for SMEs who are not able to access banking services often afforded to large multinational firms.

“Pioneer is essentially HSBC’s accelerator programme for promising and ambitious small and medium enterprise enabling them to grow beyond Singapore’s borders and scale new heights.” Ng Li Lian, head of HSBC Singapore’s business banking said in a statement.

Homegrown maker of salted egg yolk chips The Golden Duck is one such SME which will go through the Pioneer programme. The startup claims that it has been able to nab funding to fuel its expansion and production requirements.

“We want to support the drive and commitment these businesses possess and help keep their momentum going. We believe that with additional support, we can help businesses like The Golden Duck, reach their next level of growth,” added Ng.