HSBC Launches USD 1 Billion Female Entrepreneur Fund Across 11 Markets Including Malaysia

HSBC has launched a Female Entrepreneur Fund (“Fund”), which will provide USD1 billion in lending to female-owned businesses in 11 markets including Malaysia over the next 12 months.

This comes alongside the introduction of the HSBC Roar initiative, which enables female entrepreneurs, as well as successful Fund applicants, to access:

  • A series of masterclasses hosted by experienced business leaders
  • Tailored networking sessions with major companies in markets where the Fund operates
  • Insights from the investor community and the opportunity to pitch to angel investors
  • Bespoke advisory for female entrepreneurs from experienced HSBC bankers

The initiatives launch aim to break down the barriers faced by female entrepreneurs and provide the infrastructure and support to help them scale and grow their businesses.

Access to funding remains one of the biggest hurdles for female business leaders worldwide.

Female-owned businesses received just 3% of start-up funding in 2019, while venture capital for female-founded enterprises hit a five-year low of 2% in 2021 estimates closing the gender gap for women-led businesses could boost global GDP by US$5 trillion.

Andrew Sill, Country Head of Commercial Banking, HSBC Malaysia said, “We are delighted to launch the Female Entrepreneur Fund and the HSBC Roar programme in Malaysia today to help address the challenges and bias that female leaders face. As the Malaysian economy continues to rebuild from the impact of the pandemic, small and medium-sized businesses will continue to be the bedrock on which our economies and local communities are built, meaning we need to ensure that those led by women are given the support to fulfil their full potential.”

The HSBC Female Entrepreneur Fund will be open to both new and existing customers across 11 markets, and all Fund applicants will have access to HSBC Roar programme. In addition to Fund applicants, the HSBC Roar programme will also be available to female business leaders across nine markets globally.

These initiatives build on a number of programmes HSBC has in place that advances women led businesses:

  • HSBC is a global partner of the Financial Alliance for Women, a members’ network of financial organisations dedicated to championing women’s economic advancement
  • HSBC Roar was piloted last year in Hong Kong, UK and US; this extended programme has been designed with feedback from participants and partners including AllBright, a global careers networking community for women

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