Fintech startup Qupital raises $150m to boost expansion plans

The securitisation facility was led by Citi, supported by Integrated Alternative Credit Fund. It is claimed to be the first e-commerce merchant financing securitisation in Asia. The Series B round was led by the Greater Bay Area Homeland Development Fund (GBA Homeland), with additional capital injections from investors including the Innovation and Technology Venture Fund (ITVF) of the Hong Kong SAR Government, MindWorks Capital, Silverhorn and Alibaba Entrepreneurs Fund. UK-based Nordstar’s e-commerce focused fund also joins as a new investor.

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