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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.

 

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