Hong Kong lender FundPark lands £250m facility led by HSBC

FundPark Secures $250 Million ABS Facility from HSBC: Key Points

1. Funding Secured:
   • FundPark, a Hong Kong-based lender, secured a $250 million three-year private loan with HSBC as the senior provider.
   • This increases FundPark’s total funding facility to $750 million.
2. Previous Funding:
   • Earlier in 2023, FundPark secured an additional $500 million ABS facility from Goldman Sachs, doubling the $250 million provided in April 2022.
3. Purpose of Funding:
   • The new facility will support e-commerce entrepreneurs.
   • The funding aims to expand FundPark’s footprint in the digital small and medium-sized enterprises (SMEs) sector in the Greater China market.
4. HSBC’s Contribution:
   • HSBC will supply up to $200 million of the facility.
   • The funding is part of HSBC’s $3 billion fund focused on health care and technology in mainland China and Hong Kong.
5. Company Background:
   • Founded in 2016, FundPark provides fintech start-ups with capital and insights for growth.
   • The firm claims to have dispersed over $2 billion in funding to date.