Qupital collects $15m in series A funding

Apr 2, 2019 • Callum Cyrus

CreditEase FinTech Investment Fund joined existing investor Alibaba Hong Kong Entrepreneurs Fund in business financing platform Qupital’s latest round.

China-based trade financing platform Qupital has closed a $15m series A round led by peer-to-peer lending platform CreditEase’s FinTech Investment Fund.

E-commerce firm Alibaba’s Hong Kong Entrepreneurs Fund and venture capital firm MindWorks Ventures also took part in the round. MindWorks led Qupital’s $2m seed round in May 2017, investing with Hong Kong Entrepreneurs Fund, Aria Group and DRL Capital, according to TechCrunch.

Founded in 2016, Qupital runs an online lending platform catered to small and medium-sized e-commerce clients with…

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