Hong Kong-based FundPark, a fintech company that offers financing and data intelligence to help e-commerce businesses scale, has raised $71 million in debt and equity financing to advance its global footprint and AI capabilities.
This deal combines financing from an APAC credit fund managed by global alternative investment firm Ares Management, as well as equity financing from Hong Kong’s Alpha Nova Capital Management and follow-on investor Radiant Tech Ventures, the company announced on Tuesday.
Founded in 2016 in Hong Kong, FundPark empowers small-to-medium-sized e-commerce enterprises in Asia with access to working capital. Under what it calls a “Scale-Up as a Service” model, the company leverages its artificial intelligence (AI)-enabled platform to provide dynamic funding solutions, as well as data insights to help digital entrepreneurs anticipate and optimise their capital flows.
As of October, FundPark has supported more than 32,000 online shops across Asia and beyond with over $6 billion in advances, accounting for a combined gross merchandise value (GMV) of over $12.5 billion, according to its statement.
The latest financing saw Ares Management join FundPark’s existing capital providers, including Goldman Sachs and HSBC, which had previously granted FundPark a total funding facility of more than $750 million.
In June 2024, FundPark closed an asset-backed securitisation (ABS) facility of up to $250 million, of which HSBC agreed to provide up to $200 million as the senior lender. This came after Goldman Sachs doubled its ABS facility to FundPark to up to $500 million in January 2024, from what it had initially provided the fintech company in 2022.
“Digital entrepreneurs in this day and age need to move faster than the pace of demand,” said Anson Suen, FundPark’s CEO and co-founder, in the statement. “You can lend a growing e-commerce 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.”
Will Farrant, a partner at Ares Management, said the financing facility will enable FundPark to provide competitive lending.
“By pioneering Scale-Up as a Service, we believe they have the potential to deliver an entire ecosystem to promote the success of their customers. The potential multiplier effect of their innovative and differentiated model could be significant,” said Farrant.
Ares Management offers clients primary and secondary investment solutions across the credit, real estate, private equity, and infrastructure asset classes. As of June 30, 2025, its global platform had over $572 billion of assets under management (AUM), with operations across North America, South America, Europe, Asia Pacific, and the Middle East.
