Qupital has 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.
Since 2016, Qupital has over US$2 billion total loans disbursed.
“This financing round fully reflects our investors’ confidence in Qupital as the leader of the trade finance industry. It also validates Qupital’s mission to enhance financial inclusion for small and medium enterprises in this new era of digital economy,” said Andy Chan, Co-founder and President of Qupital. “In addition to serving the blue ocean of cross-border e-commerce, with a robust yet diverse e-commerce loan portfolio that has a notably low default rate, Qupital offers an attractive alternative asset to professional investors, which has low correlation with other asset classes while empowered by big data and advanced technologies.”
