Payoneer, FundPark Team Up to Offer Expanded E-Commerce Credit Access

MT Newswires Live03-11

Payoneer (PAYO) said late Tuesday it is collaborating with fintech firm FundPark to expand financing access for eligible e-commerce businesses incorporated in Hong Kong.

The arrangement integrates digital credit assessment tools with the existing multi-currency payment platform to mostly support asset-light merchants, the companies said.

Approved platform users can receive credit lines up to $10 million based on their average monthly gross merchandise volume, they said.

The financing program provides on-demand capital availability within 24 hours and adjustable repayment options through existing account balances, the companies said.

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