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Anson Suen, Co-Founder & CEO of FundPark, shares his journey from overcoming initial challenges in his early online business to building collaborations with banks, enabling SMEs to scale up faster and smarter
Before launching his fintech company FundPark, Anson Suen was an e-commerce seller. Despite the strong sales, he faced persistent challenges accessing working capital from banks. “How many brilliant businesses are being left behind?” he recalls thinking, a question that led him to start FundPark in 2016 as a platform to “support small and medium enterprises (SMEs) struggling to access capital to grow in the market” as he once did.
FundPark utilises artificial intelligence-powered analysis of real-time sales, inventory and payment data to accelerate funding decisions, cutting approval times from weeks to minutes. To date, the platform has facilitated over US$6 billion in funding to more than 32,000 online shops globally, including US$3 billion in the last 12 months alone.
Suen’s FundPark uses AI to provide e-commerce businesses with capital in seconds, helping them scale beyond borders (Photo: Tatler Hong Kong)
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It has attracted strategic partners like HSBC to provide FundPark with an asset-backed securitisation facility of up to US$200 million to enable the platform to support digital SMEs.
Carolyn Chen, managing director and head of investor coverage at HSBC Innovation Banking Hong Kong, says the collaboration reflects their commitment to backing the next generation of entrepreneurs. “Innovation starts small. Big impact also starts small,” Chen says. “We support the scaling of innovative businesses with the potential to change the future.”
