OVERVIEW
FundPark - an online marketplace for Trade Finance in Asia
FundPark is an online trade finance platform, providing corporates (SMEs) invoice financing and purchase order financing solutions, leveraging on the information flow of the supply chain. Unlike traditional bank financing, FundPark provides a user-friendly portal, allowing SMEs turning their invoices and purchase orders into cash. On the other hand, individual professional investors and institutional investors could participate trade financing on FundPark's platform, providing liquidity to help grow SMEs business.
As a start-up operated for 3 years, FundPark has already helped more than 300 SMEs to achieve their greater turnover and profit. Aiming to build a sustainable and efficient ecosystem, FundPark is partnering with local and global organisations including a trade credit insurance company, global corporate data centres, logistic companies, online accounting systems and other platforms that provide solutions to SMEs as well.
MISSION
Hong Kong is bank-centred in terms of SMEs financing. We see there is a huge gap between the fund demand from SMEs and the fund supply from Banks. It has been serious since banks mainly adopted asset-based lending & balance sheet approach to SMEs when it comes to financing for years. This issue is even worse in recent years with the launch of Basel III after financial tsunami in 2008, which pushed the banks to be more inclined to lend to large corporates instead of SMEs since the cost of lending (risk weighted asset) to SMEs further increased. Also, increasing compliance cost (AML & KYC) is also the other reason why the Bank is downsizing the SMEs portfolio. FundPark doesn’t classify that all those SMEs rejected by the Bank as bad companies but only Bank’s its own appetite is too narrow. Here comes FundPark, an innovative platform with new technology and funding source to solve the funding gap.
CULTURE
FundPark is a innovative company, we view all our colleague as family with flexibility and empowerment