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Goldman Sachs powers FundPark with a $250M investment boost.

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TLDR:

Goldman Sachs has invested $250 million in Hong Kong-based fintech FundPark through a private loan, bringing the total investment in the company to $500 million. The loan, collateralized by FundPark’s cash flow, customer inventory, and receivables, will help FundPark provide additional financing to its existing clients in China, particularly cross-border ecommerce SMEs. The investment from Goldman Sachs is seen as a positive move for private credit lending in China and an opportunity for international firms to access the country’s economy. Despite China’s property debt crisis, there are still growth opportunities, particularly in the digital, data, and consumer sectors.

Key Elements:

  • Hong Kong-based fintech FundPark has received $250 million backing from Goldman Sachs in the form of a private loan.
  • The loan has a three-year duration and will be collateralized by FundPark’s cash flow, customer inventory, and receivables.
  • The investment will enable FundPark to provide additional financing to its existing clients in China, particularly cross-border ecommerce SMEs.
  • Goldman Sachs’ investment in FundPark is seen as a positive move for private credit lending in China.
  • Despite China’s property debt crisis, there are still growth opportunities in the digital, data, and consumer sectors.
  • The investment from Goldman Sachs signals that there are investment opportunities in China’s economy for international firms.
  • Ecommerce has significant growth potential in China, attracting more businesses to scale up their efforts in the space.
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