Qupital secures Series B2 funding to fuel market expansion and product innovation

Qupital, Asia’s leading data-driven financing platform for SMEs in the new economy, today announced its new Series B2 financing round funded by a consortium of new and existing investors from Hong Kong and Southeast Asia. The fresh capital injection will be instrumental in scaling its securitisation facility backed by Citi, which supports its rapidly growing e-commerce loan portfolio.

Qupital Raises $150M in Series B Funding

Andy Chan, Co-founder and President at Qupital, a Hong Kong based company focusing in cross-broder e-commerce trade finance discusses its $150M series B funding and business outlook. He speaks with Shery Ahn & Haidi Stroud-Watts on “Bloomberg Daybreak: Asia”.

橋彼道籌11.7億搶灣區市場 提升AI大數據研發 助電商融資

提供跨境電商貿易融資服務的本港金融科技企業橋彼道(Qupital)昨宣布,通過B輪股權融資及資產證券化項目,共籌集1.5億美元(約11.7億港元)。此輪融資由大灣區共同家園發展基金領投,並獲特區政府旗下「創科創投基金」、概念資本、瑞峰及阿里巴巴創業者基金等投資者參與,將全面推進橋彼道融入粵港澳大灣區生態系統。

Alibaba-backed financing platform Qupital raises $150m for growth

The company, long backed by an Alibaba Group Holding affiliate, focuses on arranging loans for Chinese vendors selling goods abroad via e-commerce platforms. Qupital’s U.S. dollar loans can finance offshore warehouses and other logistics and marketing costs.