The food delivery company worked with HSBC to consolidate its regional treasury solutions in Singapore
Ten years since launching in Asia, foodpanda has grown to become the largest food and grocery delivery operator in the region, outside of China.
Today, foodpanda is providing millions of customers quick and convenient access to food, groceries, and more through its online platform. A subsidiary of leading global delivery company Delivery Hero, foodpanda operates in 11 markets across Asia – Singapore, Malaysia, Thailand, the Philippines, Cambodia, Laos, Myanmar, Hong Kong, Taiwan, Bangladesh and Pakistan.
“We continue to push ourselves to innovate, and we believe there’s always room to give our customers better experiences,” says Debashish Sinha, Regional Finance Director, APAC at foodpanda.
Getting the treasury infrastructure right
As foodpanda continues to grow, it is critical for it to have the necessary treasury solutions in place to handle its liquidity and cash management needs.