HSBC and Overhaul Announce Venture Debt Financing to Fund Future Global Growth and Expansion

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AUSTIN, TX, March 24, 2022 /PRNewswire/ — Revisionthe first and only supply chain visibility, integrity and security software solution for leading companies that ship freight globally, today announced that HSBC Bank United States provided funding to support ambitions for innovation and growth in new global markets.

As Overhaul continues to expand into the supply chain space, the company has been attracted by HSBC’s global reach and the launch of HSBC Ventures, a new US-based venture that provides flexible capital to growth-oriented companies, as well as those that develop the climate. technological solutions and support a global net-zero economy.

“HSBC has a proven track record of supporting today’s broader fintech landscape, making it the ideal partner to leverage as we target new markets around the world,” said David Broe, COO of the review. “We look forward to continuing to develop this partnership with HSBC.”

“We are excited to provide transformative support and help Overhaul further grow its operations around the world,” said Martin-RichardChairman of HSBC Ventures and Global Head of Sustainable Finance – Commercial Banking.

As global supply chains continue to be at the forefront of conversations today, HSBC’s vast experience will provide valuable insights and strategies for future review operations.

Speaking of the announcement, Alain DuffyCEO and Head of Banking Services of HSBC Ireland, said: “HSBC Ireland is delighted to have played a key role in this financing. This is an exciting operation from a local perspective, supporting a client with strong Irish roots and a growing business here in Ireland in their global ambitions.”

About the review
Founded in 2016 and based in Austin, TX, Overhaul is the industry’s first and only end-to-end holistic solution that optimizes supply chain visibility, integrity and security for global enterprises. Its software-based approach offers high configurability and efficient ROI for supply chain organizations without heavy technology. Additionally, Overhaul’s team of logistics experts partners with each customer to create a fully customized and comprehensive solution for the entire supply chain. As such, Overhaul has quickly become a trusted provider for Fortune 100 companies moving freight around the world in sectors such as pharmaceuticals and healthcare, technology, logistics, food and drinks. Clients include Microsoft, Bristol Myers Squibb, Gordon Food Service and many more. For more information, visit overhaul.com and the Blog reviewand follow them on LinkedIn, Twitterand Facebook.

About HSBC
HSBC North America Holdings Inc.. is the holding company for the business of HSBC Holdings plc in United States. The Company’s businesses serve clients in the following key areas: Wealth Banking and Personal Banking, Commercial Banking, Private Banking, and Global Banking and Markets.

HSBC Bank United StatesNational Association (HSBC Bank United StatesN / A) serves its clients through the Wealth Management, Personal Banking, Commercial Banking, Private Banking and Global Banking segments and markets. As soon as the offices close on December 31, 2021 it operated bank branches at: California; washington d.c.; Florida; New Jersey; new York, Virginia; and Washington. HSBC Bank United StatesNA is the main subsidiary of HSBC United States Inc., a wholly owned subsidiary of HSBC North America Holdings Inc. United Statesdeposit products are offered by HSBC Bank United StatesNA, Member FDIC, investment and brokerage services are provided by HSBC Securities (United States) Inc., (Member NYSE/FINRA/SIPC) and insurance products are provided by HSBC Insurance Agency (United States) Inc.

HSBC United States Inc. (“HUSI”) is a Maryland company and its principal activity is to act as a holding company for its subsidiaries, including HSBC Bank United StatesNA Through HSBC Bank United States, NA and its subsidiaries, HUSI offers a full range of traditional banking products and services to individuals, including high net worth individuals, small businesses, corporations, institutions and governments. HSBC United States Inc. is a wholly owned subsidiary of HSBC North America Holdings Inc.

HSBC Holdings plcthe parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographic regions: Europe, Asia, North America, Latin Americaand Middle East and North Africa. With assets of $2.958 billion at December 31, 2021HSBC is one of the largest banking and financial services organizations in the world.

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