FundPark scores $500m in backing from Goldman Sachs – game-changer

The Hong Kong-based fintech company FundPark has secured a $500m asset-backed securitisation facility from Goldman Sachs. The facility will allow FundPark to expand its support of small and medium-sized e-commerce businesses, particularly in the Asian cross-border market. FundPark uses artificial intelligence, data analysis and risk-management tools to help these businesses secure working capital loans. The firm’s previous facility, secured in April 2022, was worth $250m.