Qupital raises US$300 million for global expansion and AI development

Hong Kong-based fintech company Qupital has secured US$300 million in combined financing to drive international expansion and enhance its AI-driven risk engine. The funding includes a Series C round led by Asia-based asset manager M Capital, alongside asset-backed financing commitments from Mitsubishi UFJ Financial Group (MUFG) and Quester Capital.

Qupital provides trade financing to cross-border e-commerce businesses by utilizing sales and operational data from platforms such as Amazon, TikTok Shop, Tmall, and JD.com to automate credit decisions. Having processed over US$9.5 billion in loans, the company intends to expand its financing capacity across China, the United States, Japan, and Southeast Asia. Qupital has reported profitability for the last two years and is targeting profit margins exceeding 45% within the next year. The company is also exploring strategic acquisitions and a potential IPO.