Hsbc Continues Push Into E Commerce Trade Finance With Dowsure Tie Up

HSBC has partnered with Dowsure Technologies, a China-based cross-border e-commerce API platform, to facilitate the flow of trade finance to online suppliers by leveraging transaction data instead of collateral or financial documents.

Launched in 2016, Shenzhen-based Dowsure – an Amazon Seller Lending Programme partner – has built a proprietary assessment model for online marketplace store owners that uses information such as inventory, sales and refund records. By connecting this data to financial institutions, Dowsure enables cross-border merchants to access credit that they might otherwise struggle to obtain.




Under the terms of the partnership, Dowsure will provide a streamlined credit assessment process for Amazon merchants seeking to apply for trade finance from HSBC. In addition, the bank’s venture capital arm, HSBC Ventures, has made a strategic investment into the company. The size of the investment was not disclosed.

“HSBC’s enhanced support for small and medium-sized e-commerce enterprises through the investment in Dowsure is a positive signal for the entire cross-border e-commerce industry,” says Byron Pei, Dowsure’s founder. “By combining our technological capabilities and data advantages with HSBC’s financial expertise, we are able to provide a comprehensive, convenient and efficient product offer to a wide range of e-commerce sellers. We look forward to leveraging this collaboration to capture more opportunities in future global expansion, especially for those businesses based in the Greater Bay Area.”


Read more: https://www.pressreleasepoint.com/hsbc-continues-push-e-commerce-trade-finance-dowsure-tie


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