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HK fintech firm FundPark nets $71m to boost AI-driven platform
FundPark, a Hong Kong-based fintech providing working capital to ecommerce businesses, has raised US$71 million in new funding.
The round includes capital from an Ares Management APAC Credit fund, with equity contributions from Alpha Nova Capital Management and Radiant Tech Ventures.
The company said the funds will be used to develop its AI-driven lending platform, expand internationally, and improve its technology.
Since its founding, FundPark has advanced over US$6 billion to small and medium-sized ecommerce sellers, supporting more than 32,000 online shops.
Previous funding facilities have been backed by institutions including Goldman Sachs and HSBC.
🔗 Source: FundPark
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