What is Kuabei? Kuabei Review

About Kuabei

After more than a year of polishing, Kuabei has continued to iterate and upgrade, and has reached cooperation with many domestic and foreign financial institutions, connecting and assisting in the design and implementation of a variety of products such as procurement financing, inventory financing, factoring financing, and credit financing, covering all processes of the entire cross-border supply chain. Product currencies include US dollars, Hong Kong dollars, and RMB, with a financing period of up to 180 days and a financing interest rate as low as 9%. As of November 2019, it has facilitated financing projects for many cross-border e-commerce companies, and has accumulated more than 1 billion yuan in supply chain financial funds for customers.

Services

1. Procurement Financing

The export agent provides export agency services to e-commerce companies and also pays for purchases on behalf of cross-border e-commerce companies.

advantage:

1. The longest payment period is 180 days.

2. Low rates.

3. Advance payment of about 80% of the purchase price.

2. Inventory Financing

Cross-border e-commerce companies pledge the goods under the supervision of overseas warehouses to the financiers, and the financiers provide financial support to the e-commerce companies.

advantage:

1. The maximum payment period is 1 year.

2. The pledge rate is as high as 50%.

3. Financial support for conversion of goods in stock.

3. Factoring Financing

The funding party will provide financing support based on the historical sales data of cross-border e-commerce companies and accounts receivable on the platform after pledging a certain proportion.

advantage:

1. The longest payment period is 180 days.

2. Borrow and return at any time.

3. Accounts receivable are converted into available working capital.

4. Credit Financing

The funding provider will assess the operating conditions and overall strength of the e-commerce enterprise and grant it a credit line.

advantage:

1. The longest payment period is 90 days.

2. Borrow and return at any time.

3. No pledge or guarantee measures are required.

Platform Advantages

1. More than ten years of cross-border experience, familiar with cross-border pain points, and accumulated solutions

2. Provide all-round supply chain financing services for each link of purchase, sales, storage and transportation

3. Innovative warehousing logistics data and cargo control API docking services, with higher financing product limits, longer payment terms and lower interest rates

4. Multiple cooperative funders have settled in to support different funding plans and financing in different currencies

Company Development History

In 2016, we started to promote supply chain financial services and successfully contacted funding parties. The first procurement financing product was launched and has helped customers obtain supply chain financing of more than RMB 200 million.

In 2017, the Amazon store API connection was opened; the first credit financing product was launched; and the company assisted customers in supply chain financing of more than RMB 600 million.

In June 2018, the supply chain financial service platform system was launched, and it has assisted customers in supply chain financing of more than RMB 900 million.

In December 2018, we reached cooperation with the first overseas funding party and assisted customers with supply chain financing totaling more than RMB 1.2 billion.

In June 2019, the four major products of procurement, factoring, inventory and credit were launched simultaneously; cumulatively, it assisted customers in supply chain financing of more than RMB 1.55 billion.

In December 2019, the "Yunbaotong" was launched with great fanfare; the account period is as long as 12 months; and it has assisted customers in supply chain financing of more than RMB 2 billion in total.

References