HK-based fintech startup Qupital raises $150m to expand footprint

Photo by Blake Wisz on Unsplash

Qupital, a Hong Kong-based fintech startup that offers cross-border e-commerce financing, has secured $150 million to expand its business in international markets and lift technological capabilities.

The startup raised fresh capital through a Series B round of equity financing and a receivables-backed securtisation facility, it said in a statement on Tuesday. The facility will provide a lower cost of funding for it to offer exclusive products to existing and future clients.

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