Qupital

Fintech · Trade Finance · E-Commerce

Funding

Qupital raises $300M Series C, eyes overseas expansion and IPO

Cross-border e-commerce sellers routinely wait weeks for bank financing, a gap AI-driven underwriting is racing to close before rivals catch up.

• Qupital raised $300 million in combined new capital, anchored by a Series C round led by asset manager M Capital, with additional ABS financing commitments from MUFG and Quester Capital.
• The Hong Kong fintech provides AI-driven trade finance to cross-border e-commerce sellers, pulling real-time sales data from marketplaces like Amazon, TikTok Shop, Tmall and JD.com to automate underwriting.
• Cumulative loans processed through Qupital's platform have surpassed $9.5 billion since the company's founding, serving tens of thousands of merchants.
• Qupital expects its profit margins to expand to over 45% within the next twelve months as its automated AI risk engine scales underwriting.
• The company plans to expand financing across China, the US, Japan and Southeast Asia while exploring an IPO and strategic acquisitions to scale further.
• Qupital previously drew backing from Alibaba, CreditEase and the Greater Bay Area Homeland Development Fund in earlier funding rounds.
• The raise signals investor confidence that AI-driven underwriting can profitably serve the SME e-commerce financing gap that traditional banks have been too slow to fill.