HSBC
汇丰
HSBC is a global banking and financial services group headquartered in London. In elsewhere's coverage, it appears both as a strategic investor in fintech and as a provider of cross-border financial infrastructure. In February 2026, HSBC participated in the $15 million-plus Series A round for global payments platform Waffo, co-led by Gaorong Ventures and Illuminate Financial . Earlier, in 2025, HSBC partnered with XTransfer to offer "one-stop global collection and payment accounts" for companies registered in Hong Kong and mainland China, supporting six major currencies including RMB, USD, and EUR . The bank also drew macro attention in March 2023 when it acquired Silicon Valley Bank's UK operations for £1 during the latter's liquidity crisis, a move FreeS Capital's Li Feng cited as evidence that SVB's underlying assets and customer base remained sound .
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Coverage
Global payments and monetization platform Waffo has raised over $15 million in a Series A round, co-led by Gaorong Ventures
Provides global payment and monetization infrastructure for companies in gaming, AI, SaaS, digital content, and other industries.
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