The expansion builds on an earlier $250 million ABS facility secured by the fintech in April 2022 through a deal that was led by Goldman Sachs as senior facility provider, and which also saw Integrated Alternative Credit Fund and Cypress Capital Hong Kong participate as mezzanine investors.
During the formation of the initial facility, Anson Suen, CEO and co-founder of FundPark, said it would “underpin the continued exponential growth we have planned for FundPark by diversifying our capital base and ensuring competitiveness of our cost of capital”.
