Qupital is a fintech company committed to developing financial technologies that support various companies in wide range for a better future.
Qupital is provides cross-border e-commerce sellers with high-quality financing services, using big data and self-developed risk control model to improve the financing efficiency by digitalizing the financing process.
Qupital was founded in 2016 by Winston Wong and Andy Chan. The company headquartered in Hong Kong, with offices Shanghai and Shenzhen.
Qupital harnesses the power of sales data to streamline credit underwriting for sellers on e-commerce platforms such as Amazon, eBay, Lazada and Shopee, offering a win-win solution to both sellers and investors.
Qupital's platform empowers creditworthy merchants that are traditionally underserved in the commercial lending market, and hews out an alternative asset class with attractive yield opportunities for both professional and institutional investors.
Qupital has achieved over US$500 million in loan advancement to some 7,000 merchants onboarded on its digital platform, tracking an annualized gross merchandise value (GMV) of over US$3 billion.
Qupital is backed by Alibaba Entrepreneurs Fund, GBA Homeland, CreditEase Fintech Investment, ITVF, MindWorks Ventures, Hong Kong SAR Government, Gobi Partners, and others. The company raised $150M in Series B round on Nov 09, 2021. This brings Qupital's total funding to $170M to date.