SemFi, developed by HSBC, stands for seamless, embedded finance, and it aims to integrate HSBC’s payment, trade, and financing solutions into various e-commerce and marketplace platforms, including Tradeshift’s own B2B Network.
This initiative represents a major advancement for Tradeshift in providing essential services that enhance value for our network, addressing a critical challenge faced by businesses: the need for access to liquidity, effective cash flow management, and smooth financial integration within supply chains.
With the introduction of SemFi, we are poised to quickly scale our offerings to meet the increasing demand for these services across a wide variety of businesses.
While SemFi will initially launch in the UK, HSBC has plans to broaden the service to a global market over time. This venture is structured to function more like a tech company instead of a conventional bank.
HSBC will handle the onboarding of clients, utilizing its balance sheet for financing, with the aim of providing a tech-savvy solution that aligns with the changing needs of businesses around the world.
With HSBC already supporting 1.3 million businesses globally and facilitating over $800 billion in trade annually, SemFi is poised to emerge as a vital force in the embedded finance landscape. For small and medium-sized enterprises (SMEs), accessing HSBC’s services directly within their e-commerce operations could mark a significant leap in efficiency and business growth.
