Wednesday, April 24, 2024
HomeRecent ArticlesHong Kong-based FundPark Secures US$500 Mn From Goldman Sachs

Hong Kong-based FundPark Secures US$500 Mn From Goldman Sachs

leading global investment banking, securities and investment management firm, Goldman Sachs doubled the preeminent Asia-based eCommerce liquidity solution and technology provider, FundPark's asset-backed securitisation facility to up to US$500 million. This collaboration marks FundPark's continual partnership with Goldman Sachs.

leading global investment banking, securities and investment management firm, Goldman Sachs doubled the preeminent Asia-based eCommerce liquidity solution and technology provider, FundPark’s asset-backed securitisation facility to up to US$500 million. This collaboration marks FundPark’s continual partnership with Goldman Sachs.

Read also – Philippines-based BillEase joins forces with Razer Merchant Services

This funding injection will enable us to reach even more underserved digital SMEs and expand into new markets. With our cutting-edge AI technology, advanced data analytics and strategic partnerships, we aim to empower exporters and importers globally.

Read also – Darewise, Animoca Brands Japan, and Honda Collaborates to co-develop Web3 Automotive Gameplay

“Our mission is to help digital entrepreneurs to realise their growth potential and build prosperity. Doubling the original facility serves as a powerful boost, enabling us to support more entrepreneurs, especially in Asia, and accelerate our expansion plans, “This year will be exciting for FundPark as we continue to execute on our strategy to evolve our funding base, product offering and technology, as well as further scale our operations,” said Anson Suen, Chief Executive Officer and Co-Founder at FundPark.

Read also – Zetrix Partners with Web3Labs and Summer Capital

“In the fastest growing region in the world, Asia’s cross-border eCommerce market shows promise. This asset-backed securitization facility provides FundPark’s platform the ability to provide small to medium sized enterprises with the capital required to bridge both immediate and future growth needs, “We are focused on providing leading companies with financing to achieve their goals and potential,” said Nicola Dondi, a Managing Director at Goldman Sachs.

Read also – Clime Capital Announce US$127 Mn South East Asia Clean Energy Fund II

Abpot Goldman Sachs

Founded in 1869, the firm is headquartered in New York, The Goldman Sachs Group, is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals.

Read also – Better Juice Collaborates with Ingredion Incorporated

About FundPark

Founded in 2016, FundPark Limited is a fintech scale-up with a vision to power fast-growth digital entrepreneurs to realise their growth potential and drive prosperity. 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. 

Read also – Israel-based SeeTree Raises $17.5 Mn Series C Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular