Scale Now, Not Later — FundPark's Hay Yip on Working Capital for SMEs
episode
One Vision Podcast — Fintech, Banking, and AI with Theodora Lau
40 min
1 speaker
6 chapters
transcribed 1 month ago
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Who is Hay Yip and how did his Hong Kong‑UK heritage shape his career?
Hello everyone. Welcome back to a new episode of One Vision Fintech Fuse. This is Theo, your host for today's episode. Now joining us on the show today is Hye-Yip all the way on the other side of the world, the Chief Strategy Officer and Chief of Staff at Fun Park in Hong Kong. Welcome to the show.
Thanks, Theo. Absolute pleasure to be joining you today. Thank you for the invitation. I mean, obviously, we connected just over a year or so ago. And I'm really excited to be able to participate with you today.
Well, thank you so much. I still remember the first time when you and I met. It was in Vegas and it was right before Hong Kong FinTech Week. I will be honest. The first time I met you, I wasn't expecting to see you and then you with a full British accent. And then we were talking about Hong Kong. I was having a slight disorientation. of everything all mixed up. So let's start with that part, right? You obviously have a really interesting backstory on your career. You also have been in banking. You were in HSBC for quite a while, and now you're at Fun Park, and you're in Hong Kong. Sum it all up for us a little bit. Tell us a little bit more about you, who is Hay, and what is Fun Park, and what are you doing there?
Yeah, sure. I mean, you characterise it really well. Yeah, my accent does give me away a little bit. I was born in Hong Kong, but I grew up in the UK. My parents emigrated when I was quite young, so I spent probably 20 plus years in the UK, studied and schooled in the UK. got my first job in the UK with HSBC. And that kind of connectivity with HSBC is actually quite interesting for me. HSBC headquartered in the UK, but obviously with roots very much firmly in In Hong Kong and Shanghai, it's interesting enough is also has some connectivity to my own family background. Father's from Hong Kong and mum's side is actually originally from Shanghai. So, you know, come full circle with that. But look, Hong Kong has always been very dear to me. I used to get fantastic opportunities to travel to Hong Kong every couple of years, every summer. I used to get the Star Ferry crossing every summer. It used to kind of be my little treat.
Every few years you travel across that harbour and the journey takes shorter and shorter. I used to think as a kid, rather naively, it must be because these ferries are getting upgraded and we've got faster boats. But no, it's just the Victoria Harbour is getting narrower and narrower because of all the landfill. Obviously, when you come to Hong Kong, you see this magnificent city, that magnificent harbour. and just the pace of growth and the dynamicism. So, you know, a bit more from a professional perspective. Look, I joined HSBC as a commercial banking graduate management trainee program. It's really interesting, actually. I joined that route because I don't know why. Growing up, I just had a bit of a fascination with business and commerce. A degree, maybe seeing extended family members as SME entrepreneurs doing their own thing. And I used to find that exciting, and commercial banking
I saw as a route, as an opportunity where I'd get more exposure to these business owners. And it's really interesting over time as I got more exposure to those business owners, how you could even have two business owners running similar sized businesses in a similar field, similar domain, but their backstories are so different. Their inflection points, the experiences they had. So for me, in my formative years in my career, it was just always kind of being a bit of a sponge and really learning from my customer stories. And the second bit, which is a little bit self-indulgent, is being a commercial banking relationship manager. You could be part of that customer's journey, supporting them, helping their businesses grow. And the one thing that left an imprint on me even very early on is a lot of people see these commercial entities as shells, these corporates.
But really, at the end of the day, you're just dealing with people at the other end. These business owners and their employees, their team, it was really about helping and supporting and helping people thrive.
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Chapters
6 chapters
1
Who is Hay Yip and how did his Hong Kong‑UK heritage shape his career?
0:04–10:45
2
What lessons did Hay learn moving from HSBC’s corporate banking to a fintech startup?
10:45–19:55
3
How did Hay’s expectations of a startup compare to the reality at FundPark?
19:55–25:11
4
Why does Hay describe working capital as the ‘bloodline’ of growing SMEs?
25:11–32:15
5
How does FundPark use data and analytics to serve underserved e‑commerce merchants?
32:15–37:43
6
What strategic advantages does Hong Kong offer for FundPark’s cross‑border trade model?
37:43–40:35
Speakers
1 identifiedMore from One Vision Podcast — Fintech, Banking, and AI with Theodora Lau
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