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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.

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