visimoney
TLDR:
- Hong Kong-based fintech firm FundPark has secured an asset-backed securitization facility worth up to $500m, facilitated by Goldman Sachs as the arranger and senior lender.
- The facility represents a doubling of a previous arrangement, enabling FundPark to scale its operations significantly.
- FundPark aims to support underserved businesses by providing working capital loans to small and medium-sized e-commerce enterprises, with a focus on narrowing the global trade finance gap.
- The company serves digital entrepreneurs across various markets, including Greater China, Southeast Asia, Europe, and the US.
- FundPark plans to close its Series B funding round in the first half of the year and continue leveraging its technology to introduce new solutions for the e-commerce ecosystem.
Hong Kong-based fintech firm FundPark has secured an asset-backed securitization facility worth up to $500m, facilitated by Goldman Sachs. The facility represents a doubling of a previous arrangement and will enable FundPark to scale its operations substantially. FundPark aims to support underserved businesses by providing working capital loans to small and medium-sized e-commerce enterprises, with a focus on narrowing the global trade finance gap. The company serves digital entrepreneurs across various markets, including Greater China, Southeast Asia, Europe, and the US. FundPark plans to close its Series B funding round in the first half of the year and continue leveraging its technology to introduce new solutions for the e-commerce ecosystem.
