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”.

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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.