HSBC has launched a digital post-shipment financing product, HSBC TradeCash, allowing companies to draw down loans against invoices issued to their buyers without uploading trade documentation.
Users of the solution can upload sales invoice data to the bank’s digital platform and receive funds within minutes once approved, the London-headquartered lender said today. Repayment is made directly from the buyer to the selling company’s HSBC account.
HSBC said the product will help its clients bridge gaps in cash flow and operate more simply than traditional receivables finance, which typically includes additional features such as collection management and credit protection.
“HSBC TradeCash is designed to help customers unlock cash tied up in receivables, with a digital journey that helps reduce administrative burden,” said global trade head Vivek Ramachandran.
“By providing fast access to funding, we’re helping businesses spend less time on paperwork and more time fulfilling orders, investing and expanding.”
The bank said the product has been launched in response to geopolitical disruption and rising tariffs, which have increased the cost of goods and the risk of delayed shipments.
“Against a backdrop of heightened volatility, longer payment cycles and rising input costs, access to working capital has become a strategic necessity for businesses looking to protect liquidity and sustain growth,” Ramachandran said.
An HSBC survey of 3,000 business leaders and investors, carried out in mid-March this year, found nearly 90% of respondents have recalibrated their approach to capital allocation due to heightened volatility.
Yet businesses often spend “hours each month” managing paperwork and processes associated with working capital financing, it said.
Loans under HSBC TradeCash can be issued in multiple currencies, and users can select and upload individual invoices as needed. Applications are processed once all information has been received by HSBC.
The bank said the product complements existing trade finance solutions such as HSBC TradePay, launched in 2023, which allows clients to draw down trade loans and pay suppliers document-free.
HSBC also launched a non-recourse receivables finance solution in July last year, aimed at large corporate clients selling goods on open account terms, which sees the bank take on up to 100% of non-payment risk.
