“HSBC’s Semfi (derived from Seamless Embedded Finance) will embed HSBC’s payments, trading and financial solutions into a variety of e-commerce and market venues, including Tradeshift’s own B2B network.
“This is a transformational move in Tradeshift’s ability to address critical challenges for enterprises: access to liquidity, cash flow management, and seamless financial integration within the supply chain, and to provide critical value-added services to our network. It shows a step forward.
“With the addition of Semfi, we are ready to scale quickly to meet the demand for these services across a wide range of businesses.”
What’s next for SemFi?
SemFi will initially launch in the UK, but HSBC plans to expand the service globally over time. The venture is designed to operate as a technology company rather than a traditional bank.
Customers will be onboarded by HSBC and the bank’s balance sheet will be used for funding, but the goal is to provide cutting-edge solutions that meet the evolving demands of businesses around the world.
SemFi is poised to become a significant player in the world of embedded finance, as HSBC supports 1.3 million businesses worldwide and facilitates over US$800 billion in trade each year. For small and medium-sized businesses, being able to seamlessly access HSBC’s services within their e-commerce workflows can be a huge step forward in efficiency and growth.
