FundPark

Launch with less, Invest for more

If Money Makes the world go round, Change the money you've changed the world

Im SME Owner Im investor

Innovation from FundPark

Technological innovation has been playing a vital role in improving people’s everyday life, so this should come to growing SME’s business as well.

FundPark has initiated the concept of marketplace business partnering. By connecting partnering individuals and business owners through our innovative online platform, our technology-enabled credit model provides business owners now an easy and efficient way to look for additional funding support. Through this model, partnering individuals (investor) could find good projects from good companies to make attractive return while supporting the SME business.

Try out the FREE financing calculator

We are here to help! You should focus on your business and product development!

Do you have a confirmed Purchase order(PO) or in discussion with buyer?

Invoice amount(HKD) Please select Invoice Amount

Have you conducted business with the client (buyer) before? If yes, how many years? Please input number of year

Tenor Please select Tenor

Annual Sales Turnover(HKD) Please select Annual Sales Turnover

What are we?

Online market place

FundPark is an online marketplace to connect SMEs with individual investors (mass public)

Funding solution for production

There are plenty of SMEs who have received Purchase Order (“PO”) from large companies but lacked funding for production. SMEs are underserved by Banks, and other financial

Alternative investment opportunity

On the other hand, individual investors (mass public) are looking for attractive return by partnering in import-export trading business, other than putting money in financial or property market (speculative activities)

Enhanced Risk Engine

A sophisticated due diligence on businesses and owners yet an easy submission process for users is employed. We also work with an escrow agent for fund monitoring to ensure genuine use of fund.

How does it work?

Shared Economy

FundPark leverages the concept of a “shared economy” online to match business owners who need funding for production and partnering individuals who look for returns for their idle cash.

Project submission

SMEs with Purchase Order secured list their projects and seek funding according to the project details.

Due Diligences

After an all-round due diligence process of FundPark, including financial information of the company and shareholders, a credit score will be generated by the in-house system. Passing the due diligence, project is listed by dividing the Bulk Purchase Order into multiple sub-contracts and allow the investors taking the sub-contracts.

Pool of fund and Escrow account

After the complete PO size has been filled, the pooled fund will be deposited into an escrow agent and dispatched to the manufacturers and suppliers upon receiving invoices from their ends, so as to ensure the pooled fund is utilized in manufacturing.

Share of profit

After products are made and shipped to the ultimate buyer, the sales proceeds will go into the escrow agent’s custodian account. Both investors and the SME applicant will receive their respective return.

A single ant could not carry a wooden stick, but an army of ants could move a giant watermelon

Why FundPark?

According to World Bank, there was USD 2.1 – 2.6 Trillion credit gap over the world; for SME alone, there was USD 0.9-1.1 Trillion credit gap.

Hong Kong is one the many. There are over 790,000 SMEs in Hong Kong, and 41% of these don’t have access to the capital they need to grow.

Pains that traditional banks bring us:

Difficult

The banks don’t bother to understand your business if you don’t have collaterals.

Time-consuming

The banks take months to set up bank accounts and credit facilities, if they manage to pass the approval process.

Inefficient

Opaque approval criteria that it is for SMEs to forecast funding amount and timing which slow SME’s business operation.

Why Listing Projects at FundPark?

Fast

Favorable Rate

Flexible tenor structure

Funding based on transactions instead of tangible assets

Become a partnering individual (Investor)

A new & alternative asset class

Not stocks, bonds, or mutual funds

Due diligence

Due diligence and screening are done by FundPark

Easy and mitigated risk

The process is simple for any partnering individuals to join the party – just allocate his funds across a diversified group of projects to satisfy his own risk and return appetite*

*It is important to note that P2P business partnering cannot eliminate risk entirely. Sometimes it is possible for a participating individual to lose their principal investment. However, FundPark offers multiple levels of risk mitigation to lower the underlying risks involved.

Why supporting Projects at FundPark?

Pre-launch client screening

Post-launch fund monitoring

Protection from Trade Credit Insurance

Promotion of SME business

Our risk management model

In-house risk management algorithm

Our risk model looks at more than 100 parameters under different categories, with different weighing and processing of the result.

Social credit score

It is an entirely automotive scoring system that accesses the online social footprint of the business owner and gain understanding in his personal creditability.

System integration

We work with and integrate different reputable screening partners into our server, such as WorldCheck by Thomson Reuters and Credit On Demand, ect.

FAQ

1. What is FundPark?

FundPark is a FinTech startup focusing on trade finance. It was incorporated in 2014 with a mission to create alternative to traditional financing. We leverage technology to lower costs and increase efficiency. Companies can enjoy a better rate, and individuals can enjoy a better return. Our founding team consists of ex-banker at trade, commodities, commercial banking and corporate investment. Advisory board includes seasoned bankers in Risk, Compliance, Trade, Commodities and Information Technologies.

2. What is Purchase Order Financing?

Purchase order (PO) financing can help if you have purchase orders that you cannot fulfill because you lack funds. Unlike traditional bank financing, PO financing is easy to qualify for and can be set up quickly.

FundPark can provide you with financing to pay your suppliers and fulfill large orders, enabling you to grow your company. We offer purchase order financing at competitive rates and fast approval process.

3. What is the Benefits of the company applying PO financing?

Our PO financing has various advantages. However, the most important benefit is that you will be able to fulfill larger purchase orders and grow your business.

Additional benefits included that PO financing:-

Is available to new companies/start-ups
Grows with your business and has no ceiling
Is transactional – use it only when you need it
Can be set up quickly (approval can be two days)
Is easier to get than bank financing

4. How does purchase order financing work?

Transactions are fairly simple. Once the approval is conducted, the production cost of your purchase order will be financed. That say, we pay the supplier directly, on your behalf. Once they are paid, your supplier manufactures and delivers your product. The transaction settles when your client receives the goods and pays for them.

Purchase order financing is used in combination with factoring, which lowers your total transaction cost.

5. Is my company qualified for PO financing??

To qualify for purchase order financing, your company must:

Be a product re-seller/distributor
Have creditable customers
Have transactions with a gross profit margin of at least 15%

6. What is the interest cost?

Rates are based on transaction parameters, including the credit quality of your clients, the reputation of your suppliers, the risk of the orders, and your experience fulfilling orders in your industry. Typically 3-15% of the invoice amount.

7. Is purchase order funding right for your company?

Our solution may be able to help your company grow and handle more orders if the following apply to you:

You buy finished goods from your suppliers
You resell the goods to creditable clients
Your gross profit margins exceed 15%
You need funding to cover supplier expenses
You have experience in your industry

8. What is the maximum size of purchase order that FundPark could provide service for?

Normally we provide funding at a cap of USD1 million. However, if special arrangement is required, we would tailor for the applicant. Please reach us for discussion.

9. What is the maximum amount I can get from FundPark? What is the longest tenor that I can apply?

It is flexible, typically 2-6 months. Tailor solution can be provided.

10. What is your source of fund?

Our source of fund now is from some family offices and asset management firms. The platform is targeted to welcome idle cash which is looking for risk-mitigated investment opportunity.

Our Recognition

Come talk to us!

For more info and support, contact us!