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Qupital

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QupitalQupital
 Edit this InfoBox
Type
Ltd.
Industry
  • Finance
  • Technology
FoundedMarch 2016
Founders
  • Andy Chan
  • Winston Wong
HeadquartersHong Kong
Products
  • Trade finance
  • Fixed income
  • Factoring
Websitewww.qupital.com
Footnotes / references
Chinese name
Traditional Chinese橋彼道
Hanyu PinyinQiáobǐdào
Yale RomanizationKìuhbéidouh
JyutpingKiu4bei2dou6

Qupital is a Hong Kong-based company that operates a trade finance technology platform that matches businesses and institutional investors to provide working capital to businesses.[1] In other words, an accounts receivable trading platform.[2]

Services[edit]

Small and medium-sized enterprises are able to upload their unpaid invoices onto Qupital platform and receive an advance of up to 95% of their invoice value immediately.[3] Investors are able to bid on these receivables and earn a short term yield.[3]

History[edit]

Qupital is based in Hong Kong and was founded by Andy Chan and Winston Wong in March 2016.[4] The platform launched online in Hong Kong in August 2016.[5] In April 2017, Qupital raised a US$2 million seed round led by MindWorks Ventures and Alibaba Group under Alibaba Hong Kong Entrepreneurs Fund.[5] Qupital has plans to expand into Taiwan and Southeast Asia, and has received over $20 million Hong Kong dollars (US$2.5 million) from their investors.[6] Together with 7 other startups, Qupital was listed as "8 Fintech Startups in Hong Kong to watch in 2018"[7] by Fintech News Hong Kong It was awarded as the "Outstanding SME Financial Platform" in FinTech Awards 2017.[8] In March 2018, Qupital announced the collaboration with Alibaba.com to offer faster track to the Gold Supplier members.[9]

References[edit]

  1. Ameen, Sam. "Alibaba Makes Its First FinTech Investment In Hong Kong". Forbes. Retrieved 2017-10-14.
  2. "CRIF and Qupital establish a strategic partnership for credit risk and trade finance solution". www.skyminder.com. Retrieved 2017-11-22.
  3. 3.0 3.1 "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2017-10-14.
  4. "Qupital - organization profile". Crunchbase. Retrieved 2018-07-02.
  5. 5.0 5.1 Russell, Jon. "Hong Kong's Qupital raises $2M led by Alibaba to finance invoice loans for SMEs". TechCrunch. Retrieved 2017-10-14.
  6. "A/R trading platform Qupital raises HK$20.5m". Hongkong Business. Retrieved 2017-11-22.
  7. "8 future Fintech Unicorn Startups in Hong Kong to Watch in 2018". Fintech News Hong Kong. 2018-01-05.
  8. "Cyberport FinTech Companies Bag 13 Awards at Inaugural FinTech Awards 2017". jump start magazine. 2018-01-30.
  9. "Hong Kong Trade Finance Platform Qupital Signs Financial Strategy Agreement With Alibaba | FinTech Insight". FinTech Insight. 2018-03-19. Retrieved 2018-07-06.

External links[edit]


This article "Qupital" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Qupital. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.


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