Micro Connect secures $200m syndicated loan with HSBC for DRO expansion
Financial technology startup Micro Connect, with backing from prominent figures like Hong Kong property tycoon Adrian Cheng and billionaire Li Ka-shing, has secured a US$200m syndicated asset-backed loan with HSBC, including an initial funding support of US$50m from the latter. Founded in 2021 and headquartered in Hong Kong, Micro Connect facilitates global institutional investments in micro and small businesses across mainland China.
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Posted on Feb 6, 2024 Region: China
SME finance Fintech, blockchian, Daily Revenue Obligation, Micro Connect, HSBC, Charles Li
