TLDR:
Goldman Sachs has provided a $250 million private loan to Hong Kong-based fintech FundPark, as an extension of a previous $250 million deal. The loan, which is collateralised by a collection of underlying assets, will allow FundPark to provide working capital to its existing clients in China and expand to new markets. The deal highlights the importance of Chinese SMEs and the opportunities for investment in the country.
Key points:
- Hong Kong-based fintech FundPark has secured a $250 million private loan from Goldman Sachs.
- The loan is an extension of a previous $250 million deal received in 2022 and brings the total amount to $500 million.
- The loan is collateralised by a collection of underlying assets, including FundPark’s cash flow, customer inventory, and receivables.
- FundPark’s platform provides working capital to cross-border Chinese mainland small and medium-sized ecommerce companies.
- The loan will enable FundPark to provide additional capital to its existing clients in China and expand to new markets in South and Southeast Asia.
- The deal highlights the importance of Chinese SMEs and the opportunities for investment in the country.
Goldman Sachs has provided a $250 million private loan to Hong Kong-based fintech FundPark, as an extension of a previous $250 million deal. The loan, which is collateralised by a collection of underlying assets, will allow FundPark to provide working capital to its existing clients in China and expand to new markets. The deal highlights the importance of Chinese SMEs and the opportunities for investment in the country.
