Garuda Capital acquires minority stake in Hong Kong fintech startup FinLink
Tuesday, November 24, 2020
FinLink, a data-driven and AI-enabled tech startup focusing on cross-border financial services, announced that investment firm Garuda Capital Asia has acquired a minority interest in the company via an affiliated investment fund.
This acquisition comes after FinLink raised US$2.5 million in a seed round led by PF Ventures and Garuda Capital in 2019.
Founded in 2017, with offices in Hong Kong and Shenzhen, FinLink has built a cross-border payment and clearing engine that serves small businesses in Asia. It offers accounts payable management, receivable financing, and collection services.
The company claims that it has achieved US$800 million in transaction volume in 2019, serving customers across 55 countries from sectors such as ecommerce, trading, tourism, and logistics, among others.
