Serving new economy businesses with future-focused payment and trade solutions

HSBC has developed and introduced a range of services and innovations to support fast-moving tech businesses with global ambitions

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Multiplier Technologies was founded in 2020 with the vision of creating a world without limits, where businesses could easily access global talent without the traditional barriers of geography or compliance. From the outset, the team had the technical expertise to build a platform that enables companies to hire, manage, and pay employees across the world seamlessly. However, delivering this vision required a payments partner that could handle the intricacies of cross-border transactions, currency exchanges, and local compliance requirements on a global scale.

Enter HSBC, a partner with the global reach, infrastructure, and understanding of complex payment landscapes. HSBC not only met Multiplier's stringent requirements but was also willing to collaborate with them as a fast-growing, innovative company.

"HSBC recognised our potential and provided invaluable support, even when we were still an emerging player in the HR Tech space. Their belief in our vision and willingness to partner with us has been instrumental in our success," says Vamsi Krishna, Co-Founder and Chief Product Officer at Multiplier.

Supporting startups has become part of HSBC's DNA as the fintech ecosystem grows. "Profitability, which is a usual measure for lending decisions by traditional financiers, may not always reflect a business' potential, particularly in its early stages," says Priya Kini, who heads the commercial banking division at HSBC Singapore.

"We assess new economy businesses' creditworthiness by using operating metrics tied to their cashflow-generative asset portfolios, rather than solely relying on traditional financial metrics."