Hong Kong-based FundPark, which provides financing to ecommerce businesses, said on October 20 that Bain Capital has agreed to provide up to US$250 million to support its growth.

The financing includes an initial US$100 million commitment, and up to US$150 million more if certain conditions are met.

FundPark said it finances ecommerce businesses and has also targeted sellers in cross-border commerce.

The company said it has facilitated more than US$10 billion in cumulative financing.

It added that merchants on its platform have generated over US$18 billion in cumulative gross merchandise value.

FundPark also said it has secured more than US$1.25 billion in funding facilities since 2020 and supported over 40,000 online shops across Asia and beyond.

🔗 Source: FundPark

Recent FundPark developments