HSBC has invested in Token.io to bolster its pay-by-bank infrastructure, continuing their partnership initiated in 2019.
Jun 06, 2025•2 months ago
Investors
Hsbc
Description
HSBC has become a strategic investor in Token.io to accelerate its growth in the pay-by-bank sector. This investment is seen as a move to enhance HSBC’s Open Payments solution. Token.io also received additional funding from existing investors. The collaboration aims to make pay-by-bank a mainstream payment method for customers in the region.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers