Hong Kong-based FundPark, a technology company pioneering an AI-driven platform to help eCommerce firms grow faster, has raised $71m in new financing to accelerate its expansion and further develop its ‘Scale-Up as a Service’ model.
The latest round includes participation from an Ares Management APAC Credit fund, with equity investment from Alpha Nova Capital Management and follow-on investor Radiant Tech Ventures. The equity portion of the raise was advised by Goldman Sachs.
FundPark provides working capital and business intelligence tools designed to empower cross-border eCommerce sellers. Its proprietary platform integrates AI-enabled funding, predictive insights and a community ecosystem to support digital entrepreneurs navigating the challenges of rapid online growth.
The company plans to use the proceeds from the $71m raise to advance its AI capabilities, enhance platform development and expand internationally.
FundPark has already achieved significant scale, providing more than $6bn in advances to over 32,000 online shops worldwide.
FundPark CEO and co-founder Anson Suen said, “Digital entrepreneurs in this day and age need to move faster than the pace of demand. You can lend a growing eCommerce business money, but if they don’t have the insights and know-how to scale, they can quickly hit barriers. What they need is not just capital, but intelligence, guidance and the right tools. That’s why we created Scale-Up as a Service, our blueprint designed for the entire scale-up journey.”
FundPark co-founder Henry Mok said, “Scaling is never a straight line. Every entrepreneur wants to grow, but growth alone isn’t enough if it can’t be sustained. While others focus only on finance, we go further, empowering entrepreneurs to navigate the highs and the lows as they scale, so they can achieve enduring success.”
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