What is Qupital? Qupital Review

Basic Introduction

Qupital Limited is a supply chain financial technology company headquartered in Hong Kong. It is committed to creating a one-stop supply chain financing platform for cross-border e-commerce and a wide range of SMEs through cutting-edge technology and wind pipe systems, helping enterprises to expand their markets and businesses by optimizing cash flow. Qupital connects SMEs with professional investors through the platform with equal win-win opportunities, enabling SMEs to quickly and efficiently raise high-quality funds.

Main Business

Qupital's main business is to provide one-stop supply chain financing platform services for cross-border e-commerce and small and medium-sized enterprises.

About the Team

Qupital currently has a team of more than 50 people, and the core team comes from different professional fields such as traditional factoring, commercial banking and technology development. Co-founder Huang Yongdong comes from the traditional factoring industry and has worked for Mitsubishi UFJ Bank; co-founder Chen Shengyuan is a financial software engineer and has worked in banking and asset management companies in Hong Kong and New Zealand. President Zhang Zhuoxian has many years of experience in trade finance, credit insurance, supply chain and commercial risk management. CFO He Junheng has more than 10 years of buy-side experience, has worked for UBS Investment Bank and held director-level positions in private equity companies.

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Development History

In March 2016, Qupital Co., Ltd. was established.

In May 2017, Qupital completed a seed round of financing of US$2 million, led by Alibaba Entrepreneurs Fund and Concept Capital Fund, with participation from DRL Capital and Aria Group. In September, Qupital signed a bank-level credit insurance policy with Euler Hermes, greatly reducing the risk of each transaction.

On March 16, 2018, Qupital announced a partnership with Alibaba, which increased its exposure and made it easier for it to reach global sellers. In June, Qupital signed a strategic partnership with Cainiao, further expanding its business. In September, it cooperated with D&B to optimize Qupital's risk control model.

In October 2018, Qupital announced that its cross-border e-commerce supply chain finance system was officially launched, providing efficient and fast supply chain financial services to suppliers of global first-tier electronic platforms such as Amazon, eBay, Shopee, Lazada, Tmall Global, NetEase Kaola (now Kaola Global Shopping), and JD.com.

In March 2019, Qupital received US$15 million in Series A financing, led by CreditEase Financial Technology Industry Investment Fund, followed by Alibaba Hong Kong Entrepreneurs Fund and MindWorks Ventures Concept Capital.

In May 2019, the Shanghai office was opened.

In the fourth quarter of 2019, Qupital launched an offshore USD/HKD financing product, Bridge Loan, specifically for cross-border e-commerce sellers on international e-commerce platforms, hoping to help domestic e-commerce sellers improve their capital turnover efficiency and market competitiveness. Bridge Loan mainly provides financing and loan services to sellers on mainstream e-commerce platforms such as Amazon, eBay, Wish and Alibaba AliExpress. As a financing service provider for Amazon and eBay in Hong Kong, Qupital cooperates with mainstream e-commerce platforms to achieve seamless data connection of API. Bridge Loan's risk control algorithm model uses the company's digital assets, as well as authorized real-time operating information and transaction data to make credit judgments, helping cross-border sellers use their own operating data to efficiently obtain loan quotas to solve funding needs.

In May 2020, Qupital announced a strategic partnership with LianLian International, a comprehensive digital service organization for cross-border e-commerce, to jointly launch an upgraded product, Qiaoyidai, which will provide offshore US dollar financing services to LianLian users.

References

• 1. "Qupital" received US$15 million in Series A financing, led by CreditEase: 36kr [cited on 2019-03-25T16:00:00.000Z]
• 2. A resume will help you understand me better: the development history of Qupital: Sohu [cited on 2020-04-08T16:00:00.000Z]