Qupital, Hong Kong’s first online invoice discounting exchange, secures USD 2 million seed round of funding
Wednesday, May 17, 2017
(Press Release) – Qupital, Hong Kong's first and largest online invoice discounting exchange, has secured a seed investment round of USD 2 million. The round was led by MindWorks Ventures and Alibaba Entrepreneurs Fund, with co-investment from DRL Capital, Aria Group and other investors. The company plans to use the funds to expand its small and medium enterprise (SME) financing platform and fuel its rapid regional expansion.
Qupital was founded in March 2016 by Andy Chan, a Brown University alumnus, and Winston Wong, a Hong Kong University of Science and Technology alumnus, in Hong Kong to address a lack of efficient SME financing solutions in the market.
