Qupital Raises $15 Million to Expand into China

The company claims to be Hong Kong’s largest trade financing platform for SMEs; the $15 million Series A round was led by CreditEase Fintech Investment Fund and also included Alibaba Hong Kong Entrepreneurs Fund and MindWorks Ventures who both invested in the seed round; the company plans to expand their supply chain financing products and launch into mainland China; CreditEase is acting as a strategic investor to help the company expand their reach and Alibaba helped the company reach small businesses they already work with; TechCrunch has more details on the company and their plans for the future. Source

Sign up for our Newsletters

Every morning the LendIt Fintech News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!