Wonder, a fintech and payments platform serving merchants in Hong Kong and the Asia Pacific, has raised US$12 million in venture debt from HSBC Innovation Banking in Hong Kong.
The multi-year funding will support the company’s expansion in the region. It will also enable T+0 instant settlement services and further product development.
The debt will provide capital for Wonder to scale its operations. It will also help develop its full-stack omni-channel payments platform.
The platform serves SMEs, insurers, telecommunications firms, multinational corporations, retailers, transport providers, and public sector clients.
Jason Ngan, Founder and CEO of Wonder, said:
“This funding will accelerate our expansion across the Asia Pacific. It enables us to bring enterprise-grade payment and fintech products to businesses of all sizes. As we embark on this journey with HSBC’s support, we remain committed to innovation. We are focused on empowering businesses, particularly SMEs, to access T+0 instant settlements and improve cash flow efficiencies.”
Jonathan Yip, Head of Innovation Banking, Asia, HSBC, said:
“By leveraging our specialist expertise and financial solutions, HSBC Innovation Banking empowers Wonder to deliver a platform for businesses of all sizes to streamline payment management. This transaction reflects our commitment to addressing the financial needs of high-growth, tech-led companies.”
The funding comes as Wonder has expanded its gross payment volume, merchant base, industry coverage, and product offerings.
The company aims to grow its presence across key Asia Pacific markets, including Singapore, Australia, New Zealand, Malaysia, Japan, Taiwan and Macau.
Featured image credit: Edited by Fintech News Hong Kong, based on image by sodawhiskey via Freepik
