Qupital secures Series B2 funding to fuel market expansion and product innovation
- Written by Media Outreach
Since 2016, Qupital has demonstrated market leadership across the trade finance industry with over US$2 billion total loans disbursed. It has continued to innovate its product offerings and increase market penetration, covering both import and export cross-border e-commerce financing sectors. Moving beyond traditional underwriting methods that emphasize collateral based lending, Qupital's proprietary credit model harnesses the power of big data and unlocks the value of inventory, providing e-commerce merchants immediate access to timely and affordable working capital.
"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."
With this new round of funding, Qupital is poised to seize the vast growth opportunities brought by the ever-vibrant e-commerce landscape comprised of rising stars like Temu, TikTok, Douyin, JD.com and Pinduoduo etc. While the company is committed to drive its core financing business to new heights, with confidence in its performance track record, it will also prepare for public note issuance as a pioneering asset class available to a wider range of investors in the near future.
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The issuer is solely responsible for the content of this announcement.
