HSBC Leads $250 Million Loan to Fintech Startup FundPark
- Facility follows private loan from Goldman Sachs in January
- Loan brings FundPark’s total pool of funds to $750 million
This article is for subscribers only.
Hong Kong fintech company FundPark has obtained a three-year $250 million private loan with HSBC Holdings Plc as a senior facility provider, the second such investment the firm has secured this year.
The asset-backed security financing comes from HSBC’s $3 billion “new economy” facility focused on technology and health care in Hong Kong and mainland China, said Hay Yip, FundPark’s chief strategy officer & chief of staff, in an interview on June 21. HSBC will be providing up to $200 million as the senior lender, with the rest coming from other partners.