Today News Journal
    What's Hot

    DOJ sues Norfolk Southern over toxic train derailment in Ohio

    March 31, 2023

    Social Security funding crisis will arrive in 2033, U.S. projects

    March 31, 2023

    Richard Branson’s Virgin Orbit to lay off 85 percent of staff

    March 31, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Today News Journal
    Contact Us
    • Home
    • Trending
    • Business
    • Health
    • Technology
      • Automobile
      • Gadgets
      • Mobiles
      • Robotics
    • Lifestyle
      • Culture
    • Sports
    • Travel
    • Editorials
    • News
      • Politics
    Today News Journal
    Home » Finance » Trade Finance Platform Fundpark Helps Cross-Border E-Commerce Merchants Grow Their Business
    Finance

    Trade Finance Platform Fundpark Helps Cross-Border E-Commerce Merchants Grow Their Business

    James MartinBy James MartinSeptember 7, 2021No Comments5 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    FundPark has partnered with Ant Bank Macau to provide financing to cross-border e-commerce merchants in preparation for China’s upcoming Singles’ Day shopping season, creating a win-win situation for both merchants and funders.

    FundPark Limited, a leading Asia-based trade finance platform committed to facilitating the growth of the cross-border e-commerce sector by providing convenient, readily available financing solutions, will provide financing to merchants that are part of Cainiao Network through its new relationship with Ant Bank Macau in a move to prepare them for the upcoming Singles’ Day, the most important shopping day of the year in the Greater China e-commerce sector.

    By using FundPark’s innovative online FinTech platform and effective risk model, several institutional investors have provided high-quality funds and efficient financing services to cross-border e-commerce merchants. The platform’s funders include different types of institutional investors, including global fixed-income funds, leading asset management firms, family offices and banks. The partnership with Ant Bank Macau coupled with the industry leading trade asset-based finance solutions in cooperation with traditional banks will allow FundPark to provide timely financing to cross-border e-commerce merchants so they can prepare for the upcoming shopping season. FundPark believes that the platform will benefit merchants by supplying them with more efficient and convenient products and services through collaboration with FinTech companies, creating a win-win situation for both merchants and lenders.

    “FundPark keeps an open mind to different collaborative models, whether the partner is a traditional bank, a virtual bank or even an asset management company,” said FundPark co-founder and Chief Executive Officer Anson Suen. “We expect to meet the short-term capital needs of cross-border e-commerce merchants by providing them with appropriate and efficient financing solutions while continuously delivering satisfactory returns to institutional investors by optimizing our risk assessment model and online financing platform.”

    Shopping habits have shifted significantly as a result of the challenges associated with the Covid-19 pandemic, driving the rapid growth of the e-commerce sector. Of note, the Hong Kong government, in cooperation with electronic payment operators, is distributing HK$5000 (approx. US$650) in digital coupons that can be used for online shopping to each eligible Hongkonger as part of its efforts to boost the growth of the domestic consumption market. This move is bound to stimulate the expansion of the e-commerce sector, particularly the cross-border segment, while driving the popularization of electronic payments and facilitating online transactions. According to data from market research firm eMarketer, the cross-border e-commerce market has promising prospects with worldwide retail sales anticipated to grow 27.6 per cent to US$4.28 trillion over the next three to five years. Most notably, China is expected to become the first country in the world where retail sales from online stores
    exceed those from physical stores, with online sales anticipated to account for 52.1 per cent of the total in 2021.

    E-commerce giant JD.com booked sales of 343.8 billion yuan (approx. US$51.5 billion) during China’s most recent 18-day 6.18 shopping holiday. According to historical sales data, Taobao generally posts sales during the Singles’ Day shopping period that are substantially higher than those recorded for each of the remaining months of the year. With this in mind, FundPark aims to ease the working capital pressure which cross-border e-commerce merchants face by providing efficient cash flow strategies that help them to deliver better performance in terms of sales during shopping periods. To help merchants prepare for the upcoming Singles’ Day, FundPark will provide targeted financing solutions that meet their short-term capital needs while fueling growth in their performance by helping them take full advantage of the opportunities presented by the shopping season. This, in turn, will support the steady growth of the cross-border e-commerce market.

    FundPark has been highly recognized by industry players for its competence, with its partners including Alibaba’s logistics unit Cainiao, alongside other e-commerce platforms, banks and mainstream payment platforms in mainland China. FundPark has fulfilled its commitment to the cross-border e-commerce market by providing financing products that satisfy the capital needs of customers, including cross-border e-commerce merchants specializing in imports or exports. Going forward, the company plans to create an ecosystem that benefits both merchants and institutional investors by leveraging innovative FinTech solutions to facilitate the supply of financing services to e-commerce merchants.

    About FundPark Limited

    Founded in 2016, FundPark is a preeminent Asia-based trade finance platform committed to leveraging innovative financial technologies to create simple and efficient products and services that provide e-commerce merchants with one-stop financing solutions with the goal of enhancing cash flow management. FundPark offers multiple supply chain financing solutions to corporates and innovative investment opportunities to institutional investors, commercial banks and other financial institutions. With its proprietary risk assessment model and an ecosystem built on strategic partnerships with a variety of organizations, FundPark is able to process applications quickly and dispatch funds as rapidly as one business day, helping companies grow their businesses by providing them with quicker access to funding. For more information, please visit FundPark’s official website at www.fundpark.com.

    For any inquiries, please contact:

    Carlos Tsang
    Email: carlostsang@fundpark.com
    Tel: (852) 3460 2871

    SOURCE:  FundPark Limited

    Related posts:

    1. Rapyd Raises $300 Million Series E to Further Enhance its Fintech as a Service Offering Amidst Unprecedented Global Adoption of Embedded Finance
    2. FT PWM Report Ranks Dominica Best Citizenship by Investment Programme 5 Years in a Row
    3. Airborne Capital And Mercuria Investment Group Agree Aviation Finance Joint Venture In Japan
    4. Binance Welcomes New Director Of Audit And Investigations Aron Akbiyikian
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleACE Exchange Unveils Taiwan’s First-Ever Basketball Player Non-Fungible Tokens (NFTs) Cardpack Featuring Hsinchu JKO Lioneers
    Next Article Sojern And Roiback Partner To Help Hoteliers Increase Direct Bookings And Profitability
    James Martin
    • Website

    Related Posts

    5 Ways To Manage Your Finances During A Living Crisis

    November 30, 2022

    Russia steps up assault on Ukraine

    March 1, 2022

    Abrdn rules out Russia investment for ‘foreseeable future’

    March 1, 2022

    Total under pressure to review Russia business

    March 1, 2022

    Leave A Reply Cancel Reply

    Search
    Categories
    • Automobile
    • Business
    • Coronavirus
    • Culture
    • Editorials
    • Finance
    • Gadgets
    • Health
    • Lifestyle
    • Mobiles
    • Money
    • News
    • Politics
    • Sports
    • Technology
    • Travel
    • Trending
    • World
    Latest Posts

    DOJ sues Norfolk Southern over toxic train derailment in Ohio

    March 31, 2023

    Social Security funding crisis will arrive in 2033, U.S. projects

    March 31, 2023

    Richard Branson’s Virgin Orbit to lay off 85 percent of staff

    March 31, 2023

    Yorkshire racism allegations: Vaughan cleared, three charges against Hoggard considered proven – live | Yorkshire

    March 31, 2023
    • Facebook
    • Twitter
    Don't Miss
    News

    DOJ sues Norfolk Southern over toxic train derailment in Ohio

    By James MartinMarch 31, 20230

    Comment on this storyCommentThe Justice Department filed a major civil suit Friday against Norfolk Southern…

    Social Security funding crisis will arrive in 2033, U.S. projects

    March 31, 2023

    Richard Branson’s Virgin Orbit to lay off 85 percent of staff

    March 31, 2023

    Yorkshire racism allegations: Vaughan cleared, three charges against Hoggard considered proven – live | Yorkshire

    March 31, 2023
    • Facebook
    • Twitter
    About Us

    Hello friends, I am James Martin. Welcome to my blog todaynewsjournal.com. We are a team of experienced journalists who are passionate about delivering the latest news and current events to our readers. Our editorial team is dedicated to providing the most accurate and up-to-date information possible. We aim to be your go-to source for news and current events. Here on this site, You will get up to date information regarding all important categories like business ideas, health tips,... (Read More)

    Latest News

    DOJ sues Norfolk Southern over toxic train derailment in Ohio

    March 31, 2023

    Social Security funding crisis will arrive in 2033, U.S. projects

    March 31, 2023

    Richard Branson’s Virgin Orbit to lay off 85 percent of staff

    March 31, 2023
    SIGN UP NEWSLETTER

    Join The Conversation sign up to receive emails for The Daily special tips general info.

      Facebook Twitter Instagram Pinterest
      • Home
      • Editorials
      • Get In Touch

      Copyright © 2021-2023 · Today News Journal Privacy Policy

      Type above and press Enter to search. Press Esc to cancel.

      We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
      Cookie SettingsAccept All
      Manage consent

      Privacy Overview

      This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
      Necessary
      Always Enabled
      Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
      CookieDurationDescription
      cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
      cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
      cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
      cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
      cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
      viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
      Functional
      Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
      Performance
      Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
      Analytics
      Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
      Advertisement
      Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
      Others
      Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
      SAVE & ACCEPT

      Sign In or Register

      Welcome Back!

      Login to your account below.

      Lost password?