Qupital: Raises $150 million
- Qupital is a financial technology company with headquarter in Hong Kong and offices located in Shanghai and Shenzhen
- Announced it has raised US$150 million in a combination of Series B equity funding and a receivables-backed securitization facility
- The equity funding will reinforce ambitions to scale its cross-border e-commerce lending business into international markets
- The securitization facility entered with global investment bank Citi, supported by Integrated Alternative Credit Fund
- This coincides with the closing of Series B round, led by the GBA Homeland
- The platform empowers creditworthy merchants that are traditionally underserved in the commercial lending market
