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January 24, 2024

FundPark bags $500m asset-backed facility from Goldman Sachs

FundPark, a fintech company specializing in empowering digital entrepreneurs, has secured a $500m asset-backed securitization facility from Goldman Sachs. The facility will allow FundPark to scale its operations and extend support to small and medium-sized eCommerce businesses, particularly in the Asian cross-border eCommerce market. FundPark is known for its innovative use of artificial intelligence, data analysis, and risk-management platforms to help businesses secure working capital loans. The new facility is double the size of a previous facility secured by FundPark in April 2022.