HSBC has announced backing up a startup which is all set to be professional. The startup will basically act as a connecting platform for small and medium sized manufacturers and component suppliers. Read more at reuters.com
The linking up will be based in different parts of the world. The startup company is Serai and is based in Hong Kong.
This is the first investment by HSBC in a non-banking technology startup. The main idea behind this move is to bridge the gap between buyers and sellers.