Qupital Raises $15M Series A for SME Trade Financing Platform

Qupital, described as Hong Kong's largest SME trade financing platform, raised $15M in a Series A round to expand its online financing infrastructure for small and medium-sized enterprises. The round was led by CreditEase FinTech Investment Fund, with participation from Alibaba Hong Kong Entrepreneurs Fund and MindWorks Ventures, bringing the company's total funding to $17M. Qupital provides digital lending infrastructure that enables SMEs to access trade financing through an online platform, functioning as an embedded finance solution for businesses that traditionally struggled to access bank credit.

The platform leverages technology to streamline credit assessment and disbursement processes. The investment reflects growing interest in fintech-driven lending infrastructure in the Asia-Pacific region, particularly for underserved SME segments. The backing from CreditEase and Alibaba-affiliated investors signals strategic alignment with broader digital commerce and financial inclusion agendas in the region.