Qupital
, a Cyberport community FinTech company specialising in data-driven SME financing, recently closed a Series B2 funding round accompanied by a consortium of new and existing investors from Hong Kong and Southeast Asia. The company plans to use the new funds to scale its securitisation facility, a Citi-backed effort designed to support its rapidly growing ecommerce loan portfolio.
Currently, Qupital primarily serves US and European-facing SMEs in Mainland China that sell on international sites such as Amazon, eBay, Shopee, and Lazada, as well as Chinese platforms like JD.com, Tmall, and Pinduoduo. Since 2016, the company has provided merchants with over US$2 billion in timely and affordable working capital. Its robust, diverse ecommerce loan portfolio has an industry-leading low default rate of less than 0.1%. This powerhouse performance demonstrates the unparalleled strength of Qupital’s proprietary credit model, which uses big data and unlocks the value of inventory. Moreover, it enables Qupital to offer professional investors an appealing alternative asset that also benefits SMEs.
The fresh funding will allow Qupital to capitalise on the tremendous growth opportunities manifesting in Mainland China’s thriving ecommerce landscape. By building on its core financing business, the company is poised to prepare for public note issuance as a pioneering asset class accessible by a broader range of investors.
