Company Directory › Fintech & Trade Finance › Qupital
Profile not yet claimed. This profile was compiled by GlobleMatch from public sources on 31 October 2026. It has not been reviewed or endorsed by Qupital, and a listing does not imply a partnership with GlobleMatch. If you represent Qupital, you can claim this profile to verify and manage it — or request a correction or removal.
Directory Listing · Hong Kong
QupitalNot yet claimed
Data-driven working capital for cross-border e-commerce sellers — financing merchants on Amazon, TikTok Shop, Tmall and JD.com against their sales data.
About Qupital
Qupital is a Hong Kong-based fintech that lends working capital to cross-border e-commerce merchants. Marketplace sellers face a timing problem: inventory, shipping and advertising costs are due now, while marketplace payouts arrive weeks later. Qupital underwrites sellers using their real-time trading data and a proprietary credit model rather than filed accounts or physical collateral, and provides trade finance, working-capital loans and invoice financing to merchants selling on Amazon, JD.com, Tmall, TikTok Shop and Pinduoduo. It funds that lending through a mix of equity and securitised debt, and was, it says, the first platform in Asia to securitise e-commerce merchant loans.
Founded in 2016, Qupital says it has processed more than US$9.5 billion in loans for tens of thousands of merchants and has been profitable for two years; earlier backers include the Alibaba Entrepreneurs Fund. In September 2026 it announced US$300 million in new capital commitments — a Series C equity round led by M Capital combined with asset-backed financing commitments from Mitsubishi UFJ Financial Group and Quester Capital (the split between equity and ABS was not disclosed) — to expand across China, the United States, Japan and Southeast Asia, with a public listing under consideration. In October 2026 it also launched an on-chain lending protocol settling merchant loans in USDC.
Products & services
- E-commerce trade finance — working-capital loans underwritten on real-time marketplace sales data, without physical collateral.
- Invoice financing — advances against receivables for cross-border sellers.
- Securitised lending programs — merchant loans funded through asset-backed securitisation facilities with institutional partners.
- On-chain lending protocol — AI-driven protocol settling merchant loans in USDC (launched October 2026, per the company).
Why Qupital is listed: It names the United States as one of four expansion markets for its US$300 million capital package and is weighing a public listing, yet it remains almost unknown to the American marketplace sellers it exists to finance.
How AI assistants describe Qupital today
On 31 October 2026 we asked leading AI assistants the same question — what is this company, where is it based, when was it founded, and what funding has it raised? Their answers, checked against the public record, are summarised here. Full answers are archived by GlobleMatch. This is a snapshot, not an endorsement of either engine.
ChatGPT
Consistent with the public record on headquarters, founding and the structure of the September 2026 capital package. No material errors found.
Claude
Consistent with the public record, including the structure of earlier rounds and of the 2026 package. No material errors found.
Perplexity
Not included in this snapshot.
Gemini
Not included in this snapshot.
No material errors found. Both live answers matched the public record on founding, headquarters and funding.
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Questions partners ask
No. Per the company’s announcement, the package combines a Series C equity round led by M Capital with asset-backed financing commitments from MUFG and Quester Capital; the company did not disclose the split.
The company names Amazon, JD.com, Tmall, TikTok Shop and Pinduoduo.
The company reports more than US$9.5 billion in loans processed to date and tens of thousands of merchants financed — company-reported figures, not audited by GlobleMatch.
GlobleMatch Trust Signals
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| Public information coverage | 8 of 9 fields on the standard profile could be filled from public sources.This counts how much public information exists about the company — not how good the company is. The nine fields are listed in the methodology. Claiming the profile lets the company complete the remaining fields itself. |
|---|---|
| Last verified | 31 October 2026 — facts on this profile were checked against the sources listed below. Profiles are re-checked on a published 90-day cycle; this date is never quietly refreshed. |
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3 questions to ask this company
- The US$300M package mixes equity and ABS — how much lending capacity does that create for US-based sellers in practice?
- Your on-chain protocol settles in USDC — which institutional lenders are behind the reported US$100 million pipeline?
- You are weighing a public listing — which exchange is most likely, and what would it change for the merchants you finance?
Sources & verification
- Company announcement via PR Newswire APAC, 13 September 2026 — US$300M package (Series C led by M Capital; MUFG and Quester Capital ABS commitments); expansion markets and IPO consideration as stated by the company. Checked 31 Oct 2026.
- Company website — qupital.com (products, about). Checked 31 Oct 2026.
- Independent analysis of the announcement notes that coverage traces to the company’s release and that the equity/ABS split is undisclosed; loan volumes and profitability are company-reported.
Facts last verified: 31 October 2026. Something wrong? A listed company can request a correction or removal at any time; verified requests are actioned.
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Country guides: GlobleMatch’s country guides do not cover Hong Kong yet; when a guide is published, it will list the companies from Hong Kong in this directory.
Profile facts
| Headquarters | Hong Kong |
|---|---|
| Country | Hong Kong |
| Industry | E-commerce trade finance · working capital lending |
| Founded | 2016 |
| Company size | — (not publicly disclosed; left blank rather than guessed) |
| Markets served | Cross-border e-commerce sellers, with expansion across China, the United States, Japan and Southeast Asia (per the company’s September 2026 announcement) |
| Official website | qupital.com |
| Public funding | US$300M capital package announced Sep 2026 (Series C equity led by M Capital + ABS commitments from MUFG and Quester Capital; split undisclosed) |
| Profile status | Not yet claimed |
| Facts last verified | 31 October 2026 |
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