HSBC México and Endeavor will jointly support international startups recently arrived in Mexico through the program Welcome to Mexicowhich will provide financial services and knowledge of the dynamics of the Mexican market so that scaleups, their founders and expansion teams can have greater growth.
In this sense, thanks to its privileged geographical location that unites the Latin American market with the United States, its favorable macroeconomic policy and its numerous free trade agreements, Mexico has become one of the favorite countries for the community of entrepreneurs. foreigners to start or expand their businesses and build a strong startup ecosystem.
According to the study The phenomenon of entrepreneurial migration to Mexico conducted by Endeavor, only in Mexico City, out of a universe of 328 founders of 204 companies, 31% were identified as foreigners, which by the first quarter of 2023 have created around 12,200 jobs and raised $4.5 billion dollars from capital.
Welcome to Mexico Program
That is why HSBC México joins the Welcome to Mexico program, an initiative of Endeavor México, to promote this movement and accompany entrepreneurs and C-levels from the more than 40 markets in which Endeavor is present and who have chosen Mexico. as a strategic country to continue its expansion in the international market.
“At HSBC our purpose is to open a world of possibilities to all our clients. We are one of the most global banks and we have more than 150 years of experience in internationalization, in addition to being committed to the transition of our clients towards net zero emissions. We are sure that these characteristics put us in the best position to help the entrepreneurial ecosystem continue to grow and strengthen the global economy,” said Jorge Arce, CEO of HSBC Mexico.
Specialized services for entrepreneurs
The financial institution will offer a comprehensive value proposition that recognizes the work and trajectory of high-impact entrepreneurs with personalized products designed for their needs, while at the same time shielding their banking experience by providing all the facilities that a local customer would enjoy, whether they are looking to enter the Mexican market, are already established in the country or have expansion plans outside of Mexico.
Some of the services that HSBC Mexico will offer are personalized advice from certified bankers and an exclusive attention center with immediate response; access to HSBC’s digital platforms to purchase foreign currency and carry out national and international financial operations in the same place; financing and letters of credit for import and export; credits for treasury, working capital and investment; tailored insurance; payroll service and payment systems, as well as green and sustainable financing to support them in their transition to net zero emissions.
Welcome to Mexico Community
For its part, Endeavor will work hand in hand with HSBC Mexico to direct and align these services to support and facilitate the challenges of market expansion, especially in capital and financing issues, ensuring access to local experts through masterclasses with the objective of transferring knowledge to entrepreneurs and their scaleups.
Some of the Endeavor entrepreneurs who are part of the Welcome to Mexico program community are Ricardo Weder (Justo), from Mexico; Sebastián Mejía (Rappi), from Colombia; Diego Ocesa (Crehana) and Bruno and Martin Ferrari (123seguros), from Argentina; Juan Eduardo Joannon and José Ignacio Parada da Fonseca (Bioelements), Eduardo and Cristóbal della Maggiora (Betterfly), Francisco Sandoval (YOM), from Chile; Sergio Furio (Creditas), from Brazil, among others.
Editorial Team The editorial team of EMPRENDEDOR.com, which for more than 27 years has worked to promote entrepreneurship.