HSBC Bank provided financing to Overhaul, a software-based, supply-chain visibility, integrity and security solution for enterprises shipping freight globally, to support innovation and its growth ambitions in new global markets.
As Overhaul continues to expand within the supply chain space, the company was drawn to HSBC’s global reach and the launch of HSBC Ventures, a U.S.-based business that provides flexible capital to growth-oriented businesses, as well as those who are developing climate tech solutions and supporting a net-zero global economy.
“HSBC has a proven track record in supporting today’s wider fintech landscape, making them the perfect partner to leverage as we set our sights on additional markets worldwide,” David Broe, COO of Overhaul, said. “We’re looking forward to further building on this partnership with HSBC.”
“We are excited to provide transformative support and help Overhaul further scale their operations around the world,” Martin Richards, president of HSBC ventures and global head of sustainable finance and commercial banking, said.
“HSBC Ireland is delighted to have played a key role in this funding. It is an exciting deal from a local perspective, supporting a client with strong Irish roots and a growing business here in Ireland in their global ambitions,” Alan Duffy, CEO and head of banking HSBC Ireland, said.
