Hong Kong: Fintech Firm FundPark Secures $500m Facility to Support Digital Entrepreneurs

Feb 04, 2024•over 1 year ago

Amount Raised

$500 Million

ChinaFinancial Services

Investors

Goldman Sachs

Description

FundPark, a Hong Kong-based Fintech, has secured an asset-backed securitization facility of up to $500 million, arranged and led by Goldman Sachs, to support digital entrepreneurs and enhance its financial capabilities. The company has disbursed over $2 billion in funding to more than 16,500 businesses since its inception in 2016.

Company Information

Company

FundPark

Location

China

About

FundPark Limited is a fintech scale-up with a vision to power fast-growth digital entrepreneurs to realise their growth potential and drive prosperity. Founded in 2016, FundPark has developed a digital platform to support fast growth digital enterprises, by delivering insights and capital that bridge their needs to growth. This is enabled by its proprietary credit model and technology allowing to harness real-time data from its ecosystem of partners. In 2022, FundPark secured US $250 million in one of the largest asset-backed securitisation facility deals in Asia, to bolster its ability to fund SMEs in the fast-growing eCommerce sector. For more information, please visit FundPark's official website at www.fundpark.com.

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