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

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