HSBC Asset Management Backs London AI Startup Model ML

Founded in 2023 and based in London, Model ML develops artificial-intelligence tools that automate research, due diligence and presentation work for financial institutions. The company targets labor-intensive tasks traditionally handled by junior bankers and investment professionals. HSBC Asset Management’s backing underscores growing demand among large financial groups for generative AI products designed around regulated financial workflows rather than general-purpose consumer applications.

As of Aug. 13, 2026, HSBC Asset Management had confirmed an investment in Model ML, though the amount, ownership stake and transaction completion date were not disclosed. Model ML previously raised $75 million in a Series A financing announced on Nov. 24, 2025, led by FT Partners with participation from Y Combinator, QED, 13Books, Latitude and LocalGlobe. The latest backing is expected to support further product development, deployment and commercial expansion.