Startup profile · funding coverage
Qupital funding, valuation and investors
Hong Kong AI trade-finance platform that underwrites cross-border e-commerce merchants from live marketplace data.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series C + ABS
$300M combined · September 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$300M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · Hong Kong
Investors in latest funding
Lead: M Capital
Other: Mitsubishi UFJ Financial Group (MUFG) , Quester Capital
Overview
Qupital is a Hong Kong–headquartered fintech that finances cross-border e-commerce merchants using real-time sales and settlement data from marketplaces such as Amazon, TikTok Shop, Tmall, JD.com, and Pinduoduo. The company positions itself as Asia’s first platform to securitize e-commerce merchant loans.
In September 2026 it announced US$300 million in combined new capital commitments anchored by a Series C led by M Capital, with ABS commitments from MUFG and Quester Capital. Prior strategic backers named in the release include Alibaba, MindWorks Capital, Greater Bay Area Homeland Development Fund, and Hong Kong’s Innovation and Technology Ventures Fund.
Why Qupital is interesting
Announced $300M in combined Series C equity plus ABS commitments (Sep 2026) after claiming $9.5B+ cumulative loans and sustained profitability — rare Asia e-commerce finance print that mixes growth equity with bank ABS capacity.
Product & use cases
Data-driven working-capital loans and related financing for digital merchants, underwritten from marketplace sales and settlement feeds, with ABS capacity to expand the loan pool.
- Working capital for Amazon / TikTok Shop / Tmall / JD merchants
- Cross-border e-commerce inventory and cash-cycle financing
- Institutional ABS exposure to e-commerce receivables
Key facts
- $300M combined Series C + ABS commitments led by M Capital with MUFG / Quester ABS (Sep 13–14, 2026)
- Company: cumulative loans processed >$9.5B; tens of thousands of enterprises served
- Strategic history: Alibaba, MindWorks, Greater Bay Area Homeland, HK ITVF named as backers
Funding history (newest first)
Series C + ABS
2026-09 $300M combined- M Capital (lead)
- Mitsubishi UFJ Financial Group (MUFG) (participant)
- Quester Capital (participant)
Source: Read source · en.prnasia.com
Market / IPO context
Editorial / static context — not a live quote.
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